INSIGHTEC ANNOUNCES HCSC POSITIVE COVERAGE DECISION FOR ITS MRGFUS PROCEDURE FOR PAIN PALLIATION OF BONE CANCER METASTASES
HAIFA, ISRAEL – October 6th, 2014 – INSIGHTEC today announced that Health Care Service Corporation (HCSC) has published updates to their Magnetic Resonance Imaging-guided Focused Ultrasound (MRgFUS) coverage policy and is now providing benefits for INSIGHTEC’s Exablate® procedure as a treatment option that is FDA-cleared for patients suffering from pain associated with bone metastases.
HCSC is the second largest Blue Cross and Blue Shield commercial insurer in the United States with over 14 million covered members, and represents one of the top insurers in TX, OK, IL, NM and MT.
"Decisions from leading insurers to cover INSIGHTEC’s treatment are a welcome recognition of the demonstrated clinical benefits for ExAblate’s completely noninvasive treatment for patients suffering from pain associated with bone metastases", said Kobi Vortman, PhD, CEO of INSIGHTEC. "Since receiving FDA approval, patients have been provided access from insurers on a case-by-case basis. By formalizing a favorable coverage policy, HCSC has made access to MRgFUS a viable option for many more patients and physicians", he emphasized.
"We are very happy that our efforts have yielded a favorable decision which will enable patients to benefit from a noninvasive treatment that quickly reduces pain, allows return to normal activities within days and is available in leading medical centers across the U.S.", said Dee Kolanek, Global Reimbursement Director of INSIGHTEC. "We are continuously conducting independent post-market studies in efforts to build support for additional coverage by insurers", she added.
About Health Care Service Corporation
Health Care Service Corporation (HCSC) is the largest customer-owned health insurance company in the United States. HCSC offers a wide variety of health and life insurance products and related services, through its operating divisions and subsidiaries; including Blue Cross and Blue Shield of Illinois, Blue Cross and Blue Shield of Montana, Blue Cross and Blue Shield of New Mexico, Blue Cross and Blue Shield of Oklahoma, Blue Cross and Blue Shield of Texas, and Dearborn National. The company employs more than 21,000 people and serves more than 14.5 million members.