NEW YORK, July 07, 2016 (GLOBE NEWSWIRE) -- Provista Diagnostics, a private company developing and commercializing protein-based diagnostic, prognostic and monitoring tests for cancers affecting women, today announced the signing of 13 agreements with Third Party Administrator (TPA) Networks for coverage of Videssa® Breast.
Videssa Breast is the first protein-based blood test that can improve the accuracy of early breast cancer detection. These agreements with TPA Networks will expand patient access to Videssa Breast at a reduced cost and ensure optimal reimbursement for the test. TPA Networks are organizations that process insurance claims and specific aspects of employee benefit plans. In addition, they are networks of providers who are contracted to provide healthcare services to plan members.
“Currently, our managed care efforts are focused on increasing coverage of Videssa Breast through agreements with third-party networks,” said Joe Eggler, Chief Commercial Officer of Provista Diagnostics. “The signing of these agreements is an important step in our strategy to work with payors and offer the benefits of a simple blood test for breast cancer detection to tens of millions of women nationwide. For women with abnormal or unclear imaging findings, Videssa Breast can help healthcare providers determine if additional follow-up is needed, and reduce the potential for false positives and false negatives.”
Eggler added, “We are excited about the positive response Videssa Breast has received from TPA Networks. Increasing diagnostic clarity with Videssa is not only important in improving care for women, it can also help steer better use of health system resources. This is particularly helpful in reducing benign biopsies and the burden of false positives on women presented with abnormal or difficult-to-interpret mammography results.”
About Videssa® Breast
Videssa® Breast is the first protein-based blood test of its kind to provide early and accurate detection of breast cancer. In women who present with abnormal or difficult-to-interpret mammography results, the decision whether to order additional imaging or biopsy can be difficult. With a simple blood draw, Videssa Breast can help guide further diagnostic procedures or provide assurance that the patient does not have breast cancer. Videssa Breast transforms the breast cancer detection paradigm and brings clarity to imaging results. When used in combination with imaging, Videssa Breast improves diagnostic accuracy and provides greater confidence and clarity when clinical assessment is challenging.
About Provista
Provista Diagnostics is a privately held molecular diagnostics company focused on developing and commercializing a new generation of proprietary blood-based proteomic diagnostic, prognostic and monitoring tests designed to address the unmet needs in women’s cancer, such as breast and gynecologic cancers. Provista Diagnostics’ state-of-the-art, high-complexity clinical laboratory is accredited by the College of American Pathologists (CAP) and the Clinical Laboratory Improvement Amendments (CLIA).
Additional information about Provista Diagnostics is available at ProvistaDx.com
Information about Provista Diagnostics’ clinical trials is available at ClinicalTrials.gov
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