Arrayit Corporation (ARYC) leads and empowers the genetic, research, pharmaceutical, and diagnostic communities through the discovery, development and manufacture of proprietary life science technologies and consumables for disease prevention, treatment and cure. - Powerful Science for Life
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Arrayit Corporation Approved for Direct Medicare Billing by the Centers for Medicare and Medicaid Services
GlobeNewswire September 10, 2018 5:30:00 AM EST Source: Arrayit Corporation
Sunnyvale, Sept. 10, 2018 (GLOBE NEWSWIRE) -- September 10, 2018 - Sunnyvale, CA – Arrayit Corporation (OTC: ARYC), a life sciences and personalized medicine company, announces that Arrayit’s proprietary finger stick allergy microarray test has been approved for direct Medicare billing by the Centers for Medicare and Medicaid Services (CMS). The Medicare national health insurance program provides health insurance to more than 55 million Americans annually, including 46 million seniors and 9 million younger people. CMS projects a 2018 Medicare budget of approximately $705,000,000,000 ($705 billion dollars), representing about 17% of total federal spending.
Arrayit recently completed an allergy testing pilot program for a top retail chain, established a nationwide network of 1,700 allergy sales professionals, met with top officials at the United States Food and Drug Administration (FDA) regarding FDA approval of a major product line, reported the sale of clinical instrumentation to the FDA, signed allergy testing contracts with a consortium of 178 medical clinics, received approval for in-store promotions by a major retailer, and announced allergy testing partnerships with major allergy therapeutics providers. The new Medicare billing entitlement allows doctors to prescribe Arrayit’s allergy test to a significantly expanded number of patients.
Arrayit CEO Rene Schena states, “Our mission of making allergy testing more accessible is facilitated by the direct Medicare billing entitlement, which makes it easier for doctors to prescribe the test to a larger patient population including seniors and young people. The inherent coupling of preventative non-invasive allergy testing with personalized precision medicine allows doctors to leverage and recommend medicines, immunotherapy and lifestyle changes to better manage allergy and asthma.”
Arrayit Corporation, headquartered in Sunnyvale, California, leads and empowers the research, biotechnology, pharmaceutical, clinical and healthcare sectors through the discovery, development and manufacture of proprietary life science and personalized medicine products and services to advance biomedical research and improve wellness and human health. Please visit www.arrayit.com for more information.
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