Bionano Laboratories Sees 47% Increase in Payment for CPT Code 81195 to $1853.22
Bionano Laboratories announced that the clinical lab fee schedule for 2026 posted by Centers for Medicare & Medicaid Services indicates an increase of 47%, from $1263.53 to $1853.22, for the payment for the Category I Current Procedural Terminology code 81195. This code applies to use of OGM in cytogenomic genome-wide analysis to detect structural and copy number variations related to hematologic malignancies, or blood cancers. CMS previously established a payment determination, effective January 1, 2025, for the Category 1 CPT code 81195 at $1263.53 based on a crosswalk to an existing code. A request for reconsideration and crosswalk to a different code with a higher payment rate was made. The clinical diagnostic laboratory test committee that reviews such applications voted unanimously in favor of the proposed crosswalk by a vote of 10-0 with no abstentions. CMS subsequently agreed with the panel and the OGM users who commented as part of the process and re-priced code 81195 to $1853.22, effective January 1, 2026.
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Bionano Genomics Showcases OGM Technology Enhancing Detection Capabilities
- Technology Showcase: Bionano Genomics presented its Optical Genome Mapping (OGM) technology at the 2025 AMP Annual Meeting, highlighting its superior clarity and sensitivity in detecting structural variants compared to traditional methods, which may drive broader clinical adoption.
- Research Findings: A total of thirteen studies were presented, indicating the increasing application of OGM in areas such as inherited diseases and tumors, showcasing its potential as a high-resolution genomic technique that could transform the study of complex diseases.
- Workflow Optimization: Researchers demonstrated the successful integration of OGM into existing cytogenetics and next-generation sequencing (NGS) pipelines, streamlining laboratory workflows and enhancing efficiency in both clinical and translational research settings.
- Future Outlook: Bionano CEO Erik Holmlin stated that the advancement of OGM will enable comprehensive structural variant analysis to become routine, efficient, and accessible in laboratories, signaling a strategic shift for the company in the genomics field.
Bionano Genomics Showcases OGM Technology for Enhanced Structural Variant Detection
- Technology Application Showcase: Bionano Genomics presented its optical genome mapping (OGM) technology at the 2025 AMP Annual Meeting, highlighting its superior clarity and sensitivity in detecting structural variants compared to traditional techniques, which is expected to drive broader applications in clinical and translational research.
- Research Findings Summary: A total of thirteen studies presented at the conference demonstrated OGM's potential in areas such as inherited diseases and tumors, indicating its capability as a high-resolution genomic technique that could transform the understanding of genetic mechanisms driving complex diseases.
- Laboratory Workflow Optimization: Researchers showcased how OGM can be successfully integrated into existing cytogenetics and next-generation sequencing workflows, streamlining laboratory processes and enhancing detection efficiency, which may improve operational effectiveness in labs.
- Future Development Commitment: Bionano CEO Erik Holmlin stated the company's commitment to innovating and expanding OGM technology, aiming to make comprehensive structural variant analysis routine, efficient, and accessible in laboratories, signaling a promising future market outlook.
Bionano Laboratories Sees 47% Increase in 2026 CLFS for OGM Testing
- Fee Increase: Bionano Laboratories' CPT code 81195 sees a 47% increase in the 2026 Clinical Laboratory Fee Schedule, rising from $1,263.53 to $1,853.22, which will significantly enhance reimbursement for OGM testing related to blood cancers, thereby strengthening market competitiveness.
- Committee Support: The Clinical Diagnostic Laboratory Test Committee unanimously voted 10-0 in favor of reconsidering the payment standard for CPT code 81195, indicating strong industry recognition and confidence in OGM technology.
- Market Impact: The new pricing is expected to make Bionano's OGM-Dx™ product line more attractive, likely driving market share growth in hematologic malignancy testing and further solidifying its leadership position in genome analysis.
- Global Recognition: Bionano's Chief Medical Officer stated that the new payment level will not only facilitate the promotion of OGM testing in the U.S. market but also enhance global awareness of OGM applications in oncology and clinical genetic testing.
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Strategic Focus and Growth Plans: The company is enhancing utilization of its optical genome mapping and VIA software, aiming to expand into clinical and anatomic pathology while developing reimbursement support to increase profits and reduce costs.
Bionano Genomics, Inc. Completes $10 Million Public Offering
Public Offering Announcement: Bionano Genomics closed a public offering of 5 million shares and associated Series E and F warrants, raising approximately $10 million, with potential additional proceeds of $20 million if the warrants are fully exercised.
Use of Proceeds: The company plans to use the net proceeds from the offering for working capital and general corporate purposes, as outlined in their registration statement with the SEC.
Bionano Genomics Showcases OGM Technology Enhancing Detection Capabilities
- Technology Showcase: Bionano Genomics presented its Optical Genome Mapping (OGM) technology at the 2025 AMP Annual Meeting, highlighting its superior clarity and sensitivity in detecting structural variants compared to traditional methods, which may drive broader clinical adoption.
- Research Findings: A total of thirteen studies were presented, indicating the increasing application of OGM in areas such as inherited diseases and tumors, showcasing its potential as a high-resolution genomic technique that could transform the study of complex diseases.
- Workflow Optimization: Researchers demonstrated the successful integration of OGM into existing cytogenetics and next-generation sequencing (NGS) pipelines, streamlining laboratory workflows and enhancing efficiency in both clinical and translational research settings.
- Future Outlook: Bionano CEO Erik Holmlin stated that the advancement of OGM will enable comprehensive structural variant analysis to become routine, efficient, and accessible in laboratories, signaling a strategic shift for the company in the genomics field.
Bionano Genomics Showcases OGM Technology for Enhanced Structural Variant Detection
- Technology Application Showcase: Bionano Genomics presented its optical genome mapping (OGM) technology at the 2025 AMP Annual Meeting, highlighting its superior clarity and sensitivity in detecting structural variants compared to traditional techniques, which is expected to drive broader applications in clinical and translational research.
- Research Findings Summary: A total of thirteen studies presented at the conference demonstrated OGM's potential in areas such as inherited diseases and tumors, indicating its capability as a high-resolution genomic technique that could transform the understanding of genetic mechanisms driving complex diseases.
- Laboratory Workflow Optimization: Researchers showcased how OGM can be successfully integrated into existing cytogenetics and next-generation sequencing workflows, streamlining laboratory processes and enhancing detection efficiency, which may improve operational effectiveness in labs.
- Future Development Commitment: Bionano CEO Erik Holmlin stated the company's commitment to innovating and expanding OGM technology, aiming to make comprehensive structural variant analysis routine, efficient, and accessible in laboratories, signaling a promising future market outlook.
Bionano Laboratories Sees 47% Increase in 2026 CLFS for OGM Testing
- Fee Increase: Bionano Laboratories' CPT code 81195 sees a 47% increase in the 2026 Clinical Laboratory Fee Schedule, rising from $1,263.53 to $1,853.22, which will significantly enhance reimbursement for OGM testing related to blood cancers, thereby strengthening market competitiveness.
- Committee Support: The Clinical Diagnostic Laboratory Test Committee unanimously voted 10-0 in favor of reconsidering the payment standard for CPT code 81195, indicating strong industry recognition and confidence in OGM technology.
- Market Impact: The new pricing is expected to make Bionano's OGM-Dx™ product line more attractive, likely driving market share growth in hematologic malignancy testing and further solidifying its leadership position in genome analysis.
- Global Recognition: Bionano's Chief Medical Officer stated that the new payment level will not only facilitate the promotion of OGM testing in the U.S. market but also enhance global awareness of OGM applications in oncology and clinical genetic testing.
Baidu Expected to Surge Over 69%: 10 Leading Analyst Predictions for Monday
Analyst Upgrades and Price Target Increases: JP Morgan upgraded Cipher Mining Inc and Baidu Inc, raising their price targets significantly, while B of A Securities upgraded Barrick Mining Corp's rating and price target as well.
Analyst Downgrades and Price Target Reductions: HC Wainwright & Co. downgraded BioNano Genomics Inc, and Jefferies downgraded Exact Sciences Corp despite increasing their price targets.
Mixed Analyst Ratings: Various analysts maintained or adjusted ratings for companies like Mp Materials Corp and Flutter Entertainment PLC, with some upgrades and downgrades occurring simultaneously.
Current Stock Prices: The article provides the latest closing prices for the mentioned stocks, indicating market performance and analyst sentiment.
Bionano Genomics Initiates $10 Million Public Offering
Public Offering Announcement: Bionano Genomics, Inc. has launched a public offering of 5 million shares at $2.00 each, aiming to raise $10 million, with potential additional funds of $20 million if warrants are fully exercised.
Strategic Focus and Growth Plans: The company is enhancing utilization of its optical genome mapping and VIA software, aiming to expand into clinical and anatomic pathology while developing reimbursement support to increase profits and reduce costs.
Bionano Genomics, Inc. Completes $10 Million Public Offering
Public Offering Announcement: Bionano Genomics closed a public offering of 5 million shares and associated Series E and F warrants, raising approximately $10 million, with potential additional proceeds of $20 million if the warrants are fully exercised.
Use of Proceeds: The company plans to use the net proceeds from the offering for working capital and general corporate purposes, as outlined in their registration statement with the SEC.
