EANS-Adhoc
LifeWatch contracts with an additional 41 Payors for ACT and Home Sleep Testing in Q1 2012 (with document)
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Contracts/LifeWatch AG
02.05.2012
Neuhausen am Rheinfall / Switzerland - LifeWatch AG (SIX Swiss
Exchange: LIFE), the leading wireless remote cardiac and medical
patient monitoring service provider in the U.S., announced today that
it has contracted with 20 new providers for its ACT Ambulatory
Cardiac Telemetry services and a further 21 new providers for its
Home Sleep testing services during the first quarter of 2012.
Collectively, the new agreements represent over 71 million covered
lives.
You will find a PDF-version of this press release at the end of this
message.
LifeWatch continues its vigorous pursuit to increase its portfolio of
contracted payors across the nation for all of its service lines. Of
notable mention are the following contracts completed in Q1 2012:
+ United HealthCare (UHC) and all of its affiliates:
Completed a major new follow-on national agreement as an In-Network
Preferred Provider providing coverage of our standard cardiac event
monitoring and home sleep testing services to approximately 70
million members. Specifically and importantly this contract added the
availability of LifeWatch's NiteWatch home sleep test to the UHC
nationwide network of 595,000 physicians and other health care
professionals. LifeWatch is also the sole In-Network provider for
UHC's Medicare members for ambulatory cardiac telemetry (ACT).
+ Prime/NAMM:
Contracted for cardiac monitoring services including ACT to their
205,000 members. NAMM develops and manages provider networks in
California, with a client network of over 600 primary care
physicians, 1,200 specialists and premier hospitals.
+ Dimension Health PPO:
Contracted with South Florida's largest Preferred Provider
Organization(PPO) Network for Home Sleep Test services for covering
approximately 400,000 lives. Dimension Health is a high quality, cost
effective, community based network that insurers, employers, unions
and government sponsored health programs provide to their employees.
+ Fidelis Care of NY:
Contracted for all LifeWatch service lines to provide coverage to its
more than 725,000 Managed Medicaid and dual-eligible Medicare
enrollees in 58 counties, making them the largest government
programs-based health insurance company in New York State.
"LifeWatch continues to prove to providers the value of our cost
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