Chuck, More good news .....
Covering ThinPrep(R) Pap Test(TM)
BOXBOROUGH, Mass., Oct. 27 /PRNewswire/ -- Cytyc Corporation (Nasdaq: CYTC) announced today the addition of Blue Shield of California to the growing list of Blue Cross and Blue Shield member plans that have committed to reimburse for the ThinPrep(R) Pap Test(TM). Since Blue Cross Blue Shield of Massachusetts approved coverage in February 1997, an additional six "Blues" from the East, Midwest, South and now the West have begun reimbursing for the ThinPrep Pap Test for primary cervical cancer screening. The addition of Blue Shield of California makes the ThinPrep Pap Test available to nearly five million members of the Blue Cross Blue Shield System. Blue Shield of California has a current membership of nearly 1.6 million members throughout California. Enrollment consists of 478,000 HMO members and 1.16 million PPO members and Blue Shield of California recently reported that it has the fastest growing HMO enrollment in the state. Reimbursement will be provided under the new Current Procedural Terminology (CPT) code number 88142. Though the new CPT code is not scheduled to take effect until January 1, 1998, Blue Shield of California will reimburse laboratories in California who perform the ThinPrep Pap Test, effective immediately. "We are very pleased that Blue Shield of California has made the decision to cover the ThinPrep Pap Test," said Patrick J. Sullivan, Cytyc's president and Chief Executive Officer. "This is a significant addition to the family of Blue Cross Blue Shield members that have demonstrated their commitment to women's healthcare by providing the only new technology approved for primary cervical cancer screening." The ThinPrep Pap Test was approved by the US Food and Drug Administration (FDA) in May of 1996, as a replacement for the conventional Pap smear preparation. Clinical trials have shown the ThinPrep Pap Test to be significantly more effective than the conventional smear for the detection of low-grade and more severe lesions in a variety of patient populations and to significantly improve specimen quality. Cytyc Corporation develops, manufactures and markets the ThinPrep System for medical diagnostic applications. The ThinPrep System consists of the ThinPrep 2000 Processor and related reagents, filters and other supplies. Currently, nearly 400 laboratories in the United States utilize the ThinPrep 2000 for use in the diagnosis of cancers including cancers of the cervix, lung, bladder, and gastrointestinal tract and in preparation of fine needle aspiration of thyroid and breast. |