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ImpediMed Managed Care Contract

ImpediMed Limited today announced another contract with a US managed care organisation for use of its L-Dex technology as an aid in the clinical assessment of lymphoedema in female breast cancer patients. Integrated Health Plan, (IHP), a Preferred Provider Organization (PPO), represents greater than 10 million members across the US. Integrated Health Plan is a Nationwide PPO Network that is contracted with, in part, Anthem BCBS, Cigna, Humana, Concentra Managed Care, Coventry Health Care, Maxicare Health Plan, Mutual of America, Scott & white Health Plan, Oxford Health Plan, Great West, Health Plan Administrators, United and WellPoint. In addition, employer groups IHP is contracted with include AT&T, Bank of America, Boeing Corporation, Major League Baseball, U.S. Department of Defense, Ford Motor Company, General Electric, K Mart Corporation, Levi Strauss, Trump Organization and the U.S. Postal Service. “It is gratifying to put in place another managed care contract. We are excited about the partnership with IHP, and look forward to marketing with them the LDex ® test throughout their national network.” said Greg Brown, ImpediMed’s CEO. He went on to say, “With so many payers and delivery providers of US healthcare, each managed care contract and every coverage statement from an insurer, builds yet another brick in the wall for our target of achieving effective reimbursement for L-Dex® testing”. Across the United States, ImpediMed is continuing discussions with a variety of managed care organisations, public and private health insurance providers and the provider networks contracted with to provide medical services. The Company sees other opportunities to provide reimbursement by working with PPO’s, Independent Physician Associations (IPA’s), Health Maintenance Organizations (HMO’s), medical groups and the major health insurance providers.