Organogenesis Applauds Delay in Coverage Determination Policy
Organogenesis' Support for Delayed Coverage Policies
Organogenesis Holdings Inc. is a prominent player in the regenerative medicine arena, dedicated to developing, producing, and marketing solutions for advanced wound care as well as surgical and sports medicine. Recently, the company expressed its support for the U.S. Centers for Medicare & Medicaid Services (CMS) regarding the decision to postpone the implementation of local coverage determinations (LCDs) for skin substitute grafts and cellular tissue-based products (CTP). This delay is crucial in reviewing coverage policies related to the treatment of diabetic foot ulcers (DFU) and venous leg ulcers (VLU).
Importance of Evidence-Based Coverage
Gary S. Gillheeney, Sr., the President and CEO of Organogenesis, highlighted the company's commitment to evidence-based approaches in the coverage process. He praised CMS for taking this step to ensure patients have access to products that offer "high-quality evidence of effectiveness." This acknowledgment underscores the importance of integrating real-world evidence in clinical decision-making, which not only evaluates a product's safety and efficacy but also its effectiveness in actual clinical settings.
The Need for Integrated Coverage and Payment Policies
While the postponement is a positive first step, Gillheeney emphasized that merely delaying the coverage policies is insufficient to tackle the rising Medicare costs while maintaining patient care and encouraging innovation. He proposes that CMS should consider implementing a comprehensive coverage and payment policy that aligns with the current landscape of healthcare. As a frontrunner in regenerative medicine, Organogenesis is committed to collaborating with stakeholders to foster such integrated policies that balance patient access to optimal products and the financial sustainability of Medicare.
Leading the Way in Regenerative Medicine
With over four decades of leadership in regenerative medicine, Organogenesis has developed a comprehensive portfolio that consists of advanced therapies for wound care. The company has played a pioneering role by creating the category of bioengineered living cell products, setting industry standards in chronic wound management. Through its multiple technological platforms, Organogenesis is dedicated to delivering clinically proven solutions that not only enhance patient outcomes but also contribute to reducing overall healthcare costs.
Continuum of Care through Innovative Solutions
Organogenesis is known for its holistic approach to patient care, providing a broad range of innovative regenerative products that address various healthcare needs. These products are designed to support patients throughout their treatment journey, ensuring they receive the most suitable solutions backed by scientific rigor and clinical evidence.
About Organogenesis Holdings Inc.
As a leading regenerative medicine company, Organogenesis Holdings Inc. is focused on developing and commercializing solutions tailored for advanced wound care and surgical applications. Their commitment to innovation is clear through their extensive product portfolio, aimed at meeting diverse patient needs across the continuum of care. For those seeking further information, please visit their website at www.organogenesis.com.
Frequently Asked Questions
What is the significance of CMS's delay in the local coverage determinations?
The delay allows for a thorough review of coverage policies, ensuring that patients have continued access to effective treatment options.
How does Organogenesis contribute to regenerative medicine?
Organogenesis develops, manufactures, and markets innovative wound care therapies, significantly enhancing patient outcomes in the healthcare system.
What is the role of real-world evidence in healthcare?
Real-world evidence provides insights into how products perform in actual clinical settings, influencing coverage decisions and improving patient care.
What does an integrated coverage and payment policy entail?
An integrated policy coordinates coverage and payment strategies to ensure patient access to effective treatments while managing Medicare costs efficiently.
Where can I learn more about Organogenesis products?
For more information on their offerings and innovations, you can visit their website at www.organogenesis.com.
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