Interpace Diagnostics Announces Increased Reimbursement for ThyGenX®
INTERPACE BIOSCIENCES INC (IDXG)
Last interpace biosciences inc earnings: 11/13 04:40 pm
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US:NASDAQ Investor Relations:
interpacediagnostics.com/investors
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Source: GlobeNewswire
PARSIPPANY, N.J., Oct. 11, 2017 (GLOBE NEWSWIRE) -- Interpace Diagnostics Group, Inc. (NASDAQ:IDXG) (“Interpace” or “the Company”), a fully integrated commercial company that provides clinically useful molecular diagnostic tests and pathology services for improved patient diagnosis and management, announced today that reimbursement for its ThyGenX® molecular test for indeterminate thyroid nodules will increase by 40% starting January 1, 2018. Medicare has covered ThyGenX since 2015, and in January 2016, Medicare initiated coverage of ThyraMIR®, the Company’s miRNA-based product. Overall, Medicare represents approximately 40% of the Company’s volume for the ThyGenX test; given the Company’s recent announcements of coverage for ThyGenX among numerous commercial health plans, the overall payer mix for the remainder of the volume has improved significantly since 2016. These commercial plans include Cigna, Aetna, United Healthcare, and Oxford. Including Medicare, the total number of
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