Biocept Inc (BIOCQ)

[guchu]

Biocept Announces In-Network Agreement with Blue Cross Blue Shield of Illinois


More than eight million members gain access to Biocept's suite of blood-based diagnostics through agreement with Illinois' largest health plan, bringing total covered lives to approximately 133 million.

"BCBS IL is the largest health plan in Illinois and is our first agreement with a plan in the Blue Cross Blue Shield system," said Michael W. Nall, President and CEO of Biocept. "We view this agreement as another indication of the growing awareness by healthcare providers of the important role liquid biopsy can have in the treatment of patients with cancer. For Biocept, gaining health plan coverage for our tests is a key aspect of our reimbursement strategy."

"For a significant number of patients with cancer, obtaining sufficient biopsy material from a surgical procedure is neither possible nor practical. By utilizing liquid biopsy, physicians can gain valuable information for use in developing treatment plans for their patients," said Amy McNeal, Senior Director of Strategic Reimbursement at Biocept. "Our goals at Biocept and the payor community are aligned as we work together to improve patient outcomes while providing savings to the healthcare system."

http://www.prnewswire.com/news-releases/biocept-announces-in-network-agreement-with-blue-cross-blue-shield-of-illinois-300201642.html