Conceptus Reports Humana to Cover Essure in Physician Offices and Hospitals; Third-Party Coverage for Essure Increases to 155 Million Covered Lives.SAN CARLOS, Calif. -- Conceptus conceptus /con·cep·tus/ (-tus) the product of the union of oocyte and spermatozoon at any stage of development from fertilization until birth, including extraembryonic membranes as well as the embryo or fetus. , Inc. (Nasdaq:CPTS CPTS Certified Penetration Testing Specialist (network security) CPTS Comptroller Squadron CPTS Computer Program Test Specifications CPTS Catastrophe Personnel Tracking System CPTS Claims Procedure Training Specialist ) today announced that Humana, Inc. (NYSE NYSE See: New York Stock Exchange :HUM), one of the nation's largest publicly traded health benefits companies, has approved Essure(R) for reimbursement. Humana, which has approximately six million covered lives, has made this decision effective immediately for their nationwide system. The Coverage Decision will reimburse for the procedure performed in physician offices as well as in hospitals, and will include the three-month follow-up HSG HSG High School Graduate HSG Housing HSG Hysterosalpingogram HSG Hysterosalpingography HSG Hochschule St. Gallen (Switzerland) HSG Huntington Study Group HSG High Sierra Group HSG Hotspot Gateway (802. . To date the Essure procedure has received positive reimbursement decisions from third-party payers covering more than 155 million lives, or 73 percent of total covered lives in the United States. During recent weeks Essure has received positive coverage decisions totaling more than 20 million lives. In addition to Humana, this includes California-based Kaiser Permanente, HealthNet and several new state Medicaid programs. "Humana's decision significantly improves access to Essure for women desiring permanent birth control," said Mark Sieczkarek, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Conceptus. "We are particularly pleased to see the reimbursement decision includes Essure procedures performed in the doctor's office and will be using our dedicated CPT CPT See: Carriage Paid To code, which becomes effective January 1, 2005." About Essure The Essure procedure deploys a soft micro-insert into the fallopian tube fallopian tube (fəlō`pēən), either of a pair of tubes extending from the uterus to the paired ovaries in the human female, also called oviducts, technically known as the uterine tube. through the cervix using a minimally invasive transcervical tubal Tubal (t `bəl), in the Bible, son of Japheth. access catheter. Once in place, the device is designed to elicit tissue growth in and around the micro-insert to form an occlusion or blockage in the fallopian tube. An Essure procedure does not require cutting or penetrating the abdomen and can be performed in a less costly procedure setting without general anesthesia. A woman is able to return home about 45 minutes after the procedure is completed. There is a three-month waiting period after the procedure during which women must use another form of birth control. Essure is 99.80% effective after three years of follow-up. About Conceptus Conceptus, Inc. manufactures and markets Essure, an innovative medical device and procedure, designed to provide a nonincisional alternative to tubal ligation ligation /li·ga·tion/ (li-ga´shun) the application of a ligature. tubal ligation sterilization of the female by constricting, severing, or crushing the uterine tubes. , which is the leading form of birth control worldwide. The availability of Essure in the U.S. is expected to open up a market currently occupied by incisional tubal ligation and vasectomy vasectomy, male sterilization by surgical excision of the vas deferens, the thin duct that carries sperm cells from the testicles to the prostate and the penis. , which combined account for over one million procedures annually. Additional information about the Essure procedure is available at www.Essure.com or by calling the Essure Information line at 1-877-ESSURE1. Additional information about Conceptus is available at www.conceptus.com or by calling 1-877-ESSURE2. Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements, the accuracy of which is necessarily subject to risks and uncertainties. Decisions and other actions by private and public third party payers, and clinical efficacy of and market demand for our product, among other matters discussed in this release, may differ significantly from the discussion of such matters in the forward-looking statements. Such differences may be based upon factors within the Company's control, such as strategic planning decisions by management and re-allocation of internal resources, or on factors outside of the Company's control, such as decisions by insurance companies, delays by regulatory authorities, scientific advances by third parties and introduction of competitive products, as well as those factors set forth in the Company's latest Annual Report on Form 10-K and latest Quarterly Report on Form 10-Q and other filings with the Securities and Exchange Commission. |
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