Provider network agreement for KidneyIntelXT
Renalytix AI plc
("RenalytixAI", the "Company")
Provider network agreement for KidneyIntelX™
Agreement with Three Rivers Provider Network, the fastest growing US proprietary provider network
KidneyIntelX risk assessment testing now available to Three Rivers members and clients
Renalytix AI plc (LSE : RENX), the AIM-traded developer of clinical grade artificial intelligence in vitro diagnostics for kidney disease, announces that it has executed a provider network agreement with Three Rivers Provider Network, Inc. ("TRPN") to cover KidneyIntelX testing for kidney disease patients. Under the agreement, KidneyIntelX tests processed on eligible patients through the RenalytixAI Salt Lake City Utah clinical laboratory facility are now available to both TRPN members and clients.
Founded in 1996, TRPN is the largest and fastest growing proprietary provider organisation (PPO) network in the United States. A PPO contracts with providers, such as RenalytixAI and health insurance plans, to provide better healthcare value for their members.
The TRPN network is currently comprised of more than 1.5 million provider locations, including 5,000 hospitals and 100,000 ancillary care facilities, and more than 200 payers. Through their aggregation and contracting of care services at scale, PPO networks like TRPN can help to accelerate coverage and payment for newly launched tests, medical devices and pharmaceuticals, while maintaining acceptable levels of reimbursement. Over 100 million lives now have access to the TRPN network through Acute Care Hospitals, Surgery Centers, Network Physicians, Ancillary Facilities, MRI Centers, Laboratories, Radiology, Urgent Care Clinics, Home Health, DME, Chiropractors, Physical Therapy, and Mental Health.
Shelley Glick, RenalytixAI Vice President, Market Access, said:
"A provider agreement that supports insurance coverage for a novel prognostic testing solution such as KidneyIntelX is an important consideration for patients and doctors. PPOs are an important avenue for many Americans to get access to high quality healthcare. Partnering with an industry leader like Three Rivers is core to our strategy of providing broad population access to KidneyIntelX."
Under terms of the provider network agreement, members with Three Rivers Provider Network now have access to KidneyIntelX risk assessment testing. This agreement enables TRPN plan members and their covered clients to receive the benefit of KidneyIntelX testing as a participating service provider.
For further information, please contact:
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Renalytix AI plc |
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James McCullough, CEO |
Via Walbrook PR |
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Stifel (Nominated Adviser & Joint Broker) |
Tel: 020 7710 7600 |
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Alex Price / Jonathan Senior / Ben Maddison |
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N+1 Singer (Joint Broker) |
Tel: 020 7496 3000 |
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Aubrey Powell / George Tzimas (Corporate Finance) |
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Tom Salvesen (Corporate Broking) |
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Walbrook PR Limited |
Tel: 020 7933 8780 or renalytix@walbrookpr.com
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Paul McManus / Lianne Cawthorne |
Mob: 07980 541 893 / 07584 391 303 |
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About Kidney Disease
Kidney disease is now recognised as a public health epidemic affecting over 850 million people globally. The Centers for Disease Control and Prevention (CDC) estimates that 15% of US adults, or 37 million people, currently have chronic kidney disease (CKD). Further, the CDC reports that 9 out of 10 adults with CKD do not know they have it and 1 out of 2 people with very low kidney function who are not on dialysis do not know they have CKD*. Kidney disease is referred to as a "silent killer" because it often has no symptoms and can go undetected until a very advanced stage. Each year kidney disease kills more people than breast and prostate cancer. Every day, 13 patients in the United States die while waiting for a kidney transplant.
* https://www.cdc.gov/kidneydisease/publications-resources/2019-national-facts.html
About RenalytixAI
RenalytixAI is a developer of clinical grade, artificial intelligence-enabled in vitro diagnostic solutions for kidney disease, one of the most common and costly chronic medical conditions globally. The Company's products are being designed to make significant improvements in kidney disease diagnosis, transplant management, clinical care, and patient stratification for drug clinical trials. For more information, visit renalytixai.com
For more about information about Three Rivers Provider Network, visit https://trpnppo.com
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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