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| AngioDynamics Announces Expanding Insurance Coverage of VenaCure™ Laser Therapy | |||||||||||||||||||
Anthem, Inc covers laser ablation procedure as a treatment for varicose veins
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| QUEENSBURY, N.Y. (November
24, 2004) — AngioDynamics, Inc., (Nasdaq: ANGO) today announced
that Anthem, Inc, one of the largest health benefits companies in the United
States, has expanded their coverage of treatments for varicose veins to
include the VenaCure endovenous laser ablation procedure. Anthem serves
more than 11.9 million customers, primarily in Indiana, Kentucky, Ohio,
Connecticut, New Hampshire, Maine, Colorado, Nevada, and Virginia. The total
number of eligible covered lives for the VenaCure procedure now exceeds
150 million Americans.
“This is part of a trend we expect to see continue,” stated Brian Kunst, Vice President of Regulatory Affairs and Quality Assurance for AngioDynamics. “An increasing number of insurance companies have been issuing positive coverage policies for endovenous laser treatment over the past 12 months. This coverage decision, combined with the recent establishment of dedicated procedural codes and reimbursement rates for our endovenous laser procedure, gives us significant momentum toward widespread commercial acceptance of this innovative therapy.” Commenting on the announcement, David Doster, VenaCure Product Manager, said, “The long term safety and effectiveness of the procedure is being acknowledged by health benefits companies and Medicare carriers throughout the United States. As the number of covered lives grows, the market for our product expands, allowing more people to take advantage of this less invasive alternative to traditional vein stripping and less costly alternative to radiofrequency ablation.” It is estimated that 80 million people in the United States suffer with varicose veins according to the American College of Dermatology. Current treatments often involve surgical procedures, hospital stays, and prolonged recovery times. The VenaCure procedure is performed on an outpatient basis under local anesthetic, and patients can generally resume normal activites upon leaving the doctor’s office. For additional information on the VenaCure laser vein treatment, contact David Doster at 1-800-772-6446, ext. 126, Email: DDoster@angiodynamics.com. You may also visit either the laser treatment web site at www.venacure.com or the AngioDynamics web site at www.angiodynamics.com. About AngioDynamics PRS 04 012 Rev. 01 # # # |
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