Apr 8 2011
Uroplasty, Inc. (NASDAQ: UPI) announced that NHIC Corp., the Medicare carrier for Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, will cover posterior tibial nerve stimulation (PTNS) using Uroplasty's Urgent® PC Neuromodulation System for the treatment of overactive bladder and associated symptoms, effective May 22, 2011.
This decision adds approximately 1.8 million lives to those already covered by other regional Medicare carriers, and makes PTNS treatment coverage available to a total of approximately 31 million Medicare beneficiaries in 35 states.
"As we have indicated in the past, NHIC has been covering PTNS treatments using Urgent PC on a case-by-case basis," said David Kaysen, President and CEO of Uroplasty, Inc. "This Local Coverage Decision by NHIC to cover PTNS treatments further reinforces the strength of our clinical data and support from physicians and provides us the opportunity to expand our Urgent PC business in the New England area sooner than we had anticipated."
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