Loading...
Loading...
CardioNet, Inc.
BEAT (“CardioNet”), the leading wireless medical
technology company focused on diagnosing and monitoring cardiac arrhythmias,
announced today that the Company has entered into a three-year National
Provider Agreement with UnitedHealthcare
UNH Insurance Company, covering all of
CardioNet's monitoring modalities, including Mobile Cardiac Outpatient
Telemetry (MCOT^TM). The Agreement is effective July 1, 2013 and applies to
all UnitedHealthcare affiliated entities, including managed Medicare and
managed Medicaid plans. UnitedHealthcare provides coverage to more than 70
million members in the United States.
UnitedHealthcare's decision to expand coverage to include CardioNet's MCOT^TM
was the result of an extensive review of clinical evidence, including the
Company's recently published studies. Their research found MCOT^TM to be
proven for multiple indications, concluding: “Results of studies suggest that
mobile outpatient telemetry provides more effective detection of infrequent
cardiac arrhythmias than external, loop monitors.”
Joseph Capper, President and CEO of CardioNet, commented: “CardioNet is
pleased to partner with an industry leader like UnitedHealthcare. Earlier this
year, we announced a more comprehensive strategy to promote our entire suite
of cardiac monitoring solutions. By providing access to United's more than 70
million members, this agreement dramatically expands the available market for
all of our life-saving technologies. We look forward to a lasting relationship
with UnitedHealthcare and to servicing their vast membership.”
Loading...
Loading...
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in