July 30, 2013
New Managed Care Network Agreements Add 67 Million Covered Lives
IRVINE, CA and LIEGE, BELGIUM--(Marketwired - Jul 30, 2013) - MDxHealth SA (NYSE Euronext: MDXH), a leading molecular diagnostic company that develops and commercializes epigenetic tests to support the diagnosis and treatment of cancer patients, today announced that it has entered into agreements with MultiPlan and Three Rivers Provider Network (TRPN). The two agreements provide expanded access to the company's ConfirmMDx for Prostate Cancer test to the networks' combined 67 million covered lives within the United States.
"Earlier this year American Health and Drug Benefits published on the positive healthcare savings and improved patient care associated with our ConfirmMDx for Prostate Cancer test. As a result we are gaining adoption with regional and national commercial health insurance plans and networks, like MultiPlan and TRPN, thereby expanding patient access and expediting reimbursement," stated Dr. Jan Groen, CEO of MDxHealth. "These two agreements provide access to ConfirmMDx for 25% of the insured population within the U.S., further enabling market adoption of our test nationwide."
MultiPlan, Inc. is one of the most comprehensive providers of healthcare cost management solutions. They provide a single gateway to a host of primary, complementary and out-of-network strategies for managing the financial risks associated with healthcare claims. Clients include insurers/health plans, third-party administrators, self-funded employers, HMOs and other entities that pay medical bills in the commercial healthcare, government, workers compensation and auto markets. MultiPlan contracts with 900,000 healthcare providers across the U.S. and has an estimated 57 million consumers accessing MultiPlan network products.
Three Rivers Provider Network, Inc. (TRPN) is one of the largest Preferred Provider Organizations (PPO) in the U.S. The TRPN network is now comprised of more than 600,000 total providers, including more than 5,000 hospitals and 70,000 ancillary facilities. Through its clients, approximately 10 million lives now have access to the TRPN PPO network.