Cancer Genetics, Inc. Increases Access to Proprietary Diagnostics Tests as Part of New Agreement With Blue Cross Blue Shield of Illinois

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Cancer Genetics, Inc.
CGIX
("CGI" or "The Company"), an emerging leader in DNA-based cancer diagnostics, announced today that it has secured an in-network provider agreement with the healthcare network, Blue Cross Blue Shield of Illinois ("BCBS"). The Blue Cross Blue Shield plan is the largest in Illinois, covering over 7.3 million individuals. As part of the agreement, CGI will offer cancer diagnostic services to members of the BCBS network. Blue Cross Blue Shield is part of Health Care Service Corporation (HCSC), the country's fourth largest health insurer and the largest customer-owned health insurance company. HCSC includes BCBS networks in Texas, New Mexico, Oklahoma, Montana, and Illinois, covering nearly over 16 million individuals across these states. Blue Cross Blue Shield Illinois takes pride in offering comprehensive and affordable health plans. As part of the agreement, BCBS Illinois' network will have access the full range of oncology-focused proprietary tests offered by CGI. "We are very pleased to announce our relationship with BCBS of Illinois, the largest and most experienced health insurance company in Illinois. Blue Cross Blue Shield of Illinois is committed to the highest standards of business ethics and integrity, as well as to fulfilling their corporate citizenship responsibilities to the communities it serves," said Randy Goodman, Ph.D., Director of Reimbursement and Clinical Revenue Cycle Management at Cancer Genetics, Inc. "The plan recently announced an agreement to launch an innovative new value-based care model with one of the largest independent physician practices in the Chicago area. As a leading oncology diagnostics company dedicated to the personalization of cancer treatment, we look forward to working with health plans such as BCBSIL that promote the provision of high-quality, cost effective care." CGI is executing a multipart access and reimbursement strategy geared toward securing reimbursement for its genomic testing platforms by establishing relationships with leading payers. One of the end goals of this strategy is to help providers appropriately manage and personalize treatment to improve patient outcomes.
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