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Uroplasty Reports Financial Results for the Third Quarter FY2011
Date:1/27/2011

y encouraged by the growth in Urgent PC customers in the U.S. We believe the availability of a Category I CPT® code for PTNS, a favorable reimbursement amount under Medicare coverage and recent decisions by several Medicare carriers to cover the treatment when the CPT code became effective on January 1, 2011 are creating renewed interest in PTNS," said David Kaysen, President & CEO of Uroplasty, Inc.  "The number of customers grew in the third quarter as physicians began to ramp up their practices in light of the positive Medicare reimbursement decisions.  We saw a surge in new and reengaged customers in December and expect to see continued growth in the adoption of Urgent PC. However, it is important to note that the exceptional rate of adoption we experienced in the third quarter reflected some pent up demand from physicians, who were waiting for implementation of the CPT code and confirmation of positive reimbursement rates."

"The coverage of PTNS using Urgent PC, by Cahaba and FCSO continues to show the strength of the clinical data that supports the effectiveness and safety of Urgent PC for treating the symptoms of overactive bladder," Mr. Kaysen added.  "In addition to the nine regional Medicare carriers that today provide reimbursement for PTNS, there is now one carrier, representing five states with approximately two million covered lives that has indicated it will cover on a case-by-case basis.  An additional three Medicare carriers, representing 16 states with approximately 17 million covered lives, continue to decline reimbursement coverage for PTNS."  

"Our reimbursement team is working to move the case-by-case coverage to routine coverage and to have the negative coverage decisions reversed," continued Mr. Kaysen.  "We are also working with select private health insurers to educate them on the benefits and results of clinical studies that demonstrate the success of PTNS in the treatment of overactive
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SOURCE Uroplasty, Inc.
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4. Uroplasty Inc. Announces CPT® Category I Code and Associated Reimbursement Value for Posterior Tibial Nerve Stimulation
5. Uroplasty Reports Financial Results for the Second Quarter FY2011
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