TFX (US)


November 3, 2025

PRCT: Nominal Rates vs Opportunity Costs

By John Leppard

CMS’s final CY26 Physician Fee Schedule (PFS) released late Friday will reduce payments for PRCT Aquablation services by -29% in 2026, going from a volume-weighted $765 across the seven Medicare Administrative Contractors (MACs) to $542,…

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July 14, 2025

PRCT: Pro Fee -28%, Competitor -25%

By John Leppard

CMS’s draft CY26 Physician Fee Schedule (PFS) released this evening would reduce payments for PRCT’s Aquablation by -28% in 2026, going from a volume-weighted average of $765 across the seven Medicare Administrative Contractors (MACs) to…

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November 25, 2024

RFK’s Medical Coding Reforms: Don’t Hold Your Breath

By John Leppard

Key Takeaways: With investors questioning RFK’s reported plans to restructure the medical coding system used by Medicare, Medicaid, and commercial health insurers , we remain highly skeptical of meaningful changes within the next 5-10 years,…

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