Further Medicare Coverage for DermaPure®
York, 9 March 2016 - Tissue Regenix Group (AIM:TRX) ("Tissue Regenix" or "The Group") the regenerative medical devices company announces that Tissue Regenix Wound Care, Inc. has secured further Medicare coverage for DermaPure®.
DermaPure®, a decellurised human dermis, used for the treatment of chronic and acute wounds in both inpatient and outpatient settings will now be available for reimbursement under Wisconsin Physicians Service Insurance Corporation ('WPS'), a Medicare administrator whose jurisdictions cover , , , , and , comprising a further 4.4m Medicare beneficiaries and bringing DermaPure® Medicare coverage to 74%.
Since being granted a Medicare 'Q' code for reimbursement, which came into effect on January 1st 2015, DermaPure® has now secured coverage from 9 of the 11 Medicare administrators.
Medicare, a federal insurance programme for the over 65s, subsidises costs for healthcare treatments through a reimbursement programme. However, in order to qualify for this subsidy, the treatment must initially be approved under the relevant Medicare jurisdiction often determined by geographic area.
DermaPure® sales surpassed the mark, proving that the Group's hybrid commercialisation model, adopting both direct sales and distributors, is quickly gathering momentum.
Patti Gary, Vice President Clinical Affairs, Tissue Regenix Wound Care, Inc. commented: 'We are extremely pleased to announce this further Medicare coverage for DermaPure®. The clinical results that we have seen, to date, have been outstanding and we are delighted that it will now be accessible to additional Medicare beneficiaries. In the coming months we are committed to gaining coverage in the remaining Medicare jurisdictions and also expanding our availability throughout the private insurer groups. With an estimated 29m diabetes sufferers within the US, we remain committed to bringing DermaPure® to as many patients as possible."