Cytomedix (OTC:CMXI), a pioneer in biodynamic therapies, today announced that it has partnered with Net Health to develop functionality in Net Health’s WoundExpert software that enables collection of patient data for the Company’s Coverage with Evidence Development (“CED”) program. Net Health is the leader in software solutions for specialized outpatient care and currently serves 45,000 healthcare professionals in more than 3,000 hospitals and health care facilities.
“This Agreement with Net Health represents an important milestone for Cytomedix and a significant step forward in our AutoloGel launch. WoundExpert is the most widely used EMR platform in the US wound care market, and we expect that integrating AutoloGel patient identification and data collection functionalities will greatly expand our reach as we further develop our commercial infrastructure,” said Martin Rosendale, Chief Executive Officer of Cytomedix. “We believe that AutoloGel’s compelling clinical and financial value proposition make it a potential game-changing product for advanced wound treatment, and this relationship with Net Health positions us to realize maximum benefit from our lead product,” he concluded.
Under the arrangement, Cytomedix and Net Health will collaborate to develop functionality within the WoundExpert software to allow clinics to identify patients that may qualify for the AutoloGel CED program and track the necessary data points for those patients. Additionally, Cytomedix and Net Health will jointly market the benefits of CED data collection and highlight the key points of CED enrollment to current WoundExpert users. The Agreement will focus on approximately 400 Net Health wound clinic customers in the United States.
“We are thrilled to be working with Net Health on the first CED program ever initiated in the US wound care market. By combining our growing commercial team with Net Health’s leading EMR system, we are substantially expanding the footprint of specialized wound care centers that can more easily access AutoloGel for the treatment of their Medicare patients with chronic wounds,” added Dean Tozer, Chief Commercial Officer of Cytomedix. “Our goal is to grow the dedicated AutoloGel salesforce to nearly 20 by the end of the year, with further expansion in 2015. We believe we have a significant opportunity ahead of us, and this agreement significantly enhances our ability to realize the full potential of AutoloGel.”
About CED (Coverage with Evidence Development)
The Centers for Medicare & Medicaid Services (CMS) relies on clinical evidence to determine whether particular items and services are reasonable and necessary. CMS developed the Coverage with Evidence Development (CED) Program to address coverage of items and services that were believed to be promising but whose ultimate impact on Medicare beneficiary health outcomes remained unconfirmed. Newly emerging, true “first in class” technological innovations may be more likely to have limited evidence of real world benefit in typical patient care settings. The CED program requires more evidence to be collected to determine the full potential benefit of new technologies. Under the CED program, Medicare reimburses for promising new technologies while further evidence is developed. As such, AutoloGel is nationally covered for the approved protocols under the CED program.
The AutoloGel System utilizes a proprietary unique technology that enables the rapid isolation and activation of platelet rich plasma (PRP) from a patient’s own blood. The PRP is subsequently processed to produce a bioactive gel for application to the wound bed, re-establishing a balance needed for natural healing to occur. AutoloGel is used at the point-of-care and is the only PRP system cleared by the U.S. Food and Drug Administration for use on exuding wounds, such as leg ulcers, pressure ulcers and diabetic ulcers, and for the management of mechanically or surgically-debrided wounds. Cytomedix’s clinical studies have shown that AutoloGel rapidly and more effectively improved healing compared with control-treated wounds.
Cytomedix, Inc. is a biomedical company that pioneers leading-edge biodynamic therapies for wound care. Cytomedix’s flagship product, AutoloGel is a biodynamic hematogel that harnesses a patient’s innate regenerative abilities for the management of a variety of wounds. For additional information please visit www.cytomedix.com.