Zynex Inc (NASDAQ:ZYXI) announced that Tricare will continue its temporary suspension of payments while conducting further review.
The suspension, first disclosed earlier this year, affects Zynex’s largest insurance customer.
CEO Thomas Sandgaard said the company appealed the decision and met with Tricare officials in April, presenting data to support lifting the suspension. However, Tricare opted to maintain the payment hold pending a final decision.