What happened Shares of Senseonics Holdings (NYSEMKT: SENS) soared 80.4% on Tuesday after the medical technology company struck a deal with one of the largest nonprofit health plans in the country. So what EmblemHealth said it would provide coverage for Senseonics' Eversense continuous glucose monitoring (CGM) system, effective immediately. The move grants Senseonic access to roughly 2.9 million EmblemHealth members in New York, New Jersey, and Connecticut. Senseonics Holdings stock soared on Tuesday. Image source: Getty Images. "We are excited to see additional coverage for Eversense and appreciate the payer community's recognition that CGM is now standard of care for patients using insulin to manage their diabetes," Senseonics CEO Tim Goodnow said in a press release. "Improved glucose control has always been the goal for healthcare professionals and patients." Now what Senseonics' Eversense system helps adults with diabetes track their glucose levels. It uses a sensor that's inserted subcutaneously in the upper arm by a medical professional. A smart device worn over the sensor transmits data to a mobile app that displays glucose values and alerts. "Eversense offers patients a new choice among the CGM class that delivers industry-leading accuracy, an improved patient experience, and an array of unique features intended to afford people the opportunity to achieve improved health outcomes," Goodnow said. 10 stocks we like better than Senseonics Holdings, Inc.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Senseonics Holdings, Inc. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source