Centers for Medicare & Medicaid Services Retain Single NPWT Code
November 09 2009 - 7:00AM
PR Newswire (US)
Significant decision will benefit patients, providers ST.
PETERSBURG, Fla., Nov. 9 /PRNewswire/ -- The Advanced Wound
Management division of Smith & Nephew, Inc., a subsidiary of
Smith & Nephew plc (LSE:SN) ( NYSE: SNN) , applauded the
federal government's decision last week to maintain the current,
single reimbursement code for negative pressure wound therapy
(NPWT) devices. This decision, announced by the U.S. Centers for
Medicare & Medicaid Services (CMS), affirms the conclusion
reached by the Agency on Healthcare Research & Quality (AHRQ)
earlier this year. AHRQ, like CMS, concluded that evidence does not
exist to determine a significant therapeutic distinction between
NPWT systems. As a result, CMS decided to maintain a single code
for NPWT product components, including the canister and the wound
care set. "Smith & Nephew supports a single code for NPWT. It
is the simplest coding requirement for clinicians and other
caregivers, and creates value for their institutions," said Tom
Dugan, North American President, Smith & Nephew Advanced Wound
Management. "Along with the documented, comparable effectiveness of
gauze and foam wound interfaces, this decision maintains the
flexibility clinicians want when considering the best NPWT solution
for the unique needs of a given wound. We strongly support this
decision and believe it is in the best interests of Medicare,
physicians, and their patients." Separate from this decision by
CMS, Smith & Nephew recently highlighted results of a
multi-center study demonstrating that gauze-based NPWT achieves
many of the common treatment goals defined for foam-based NPWT
systems, including a reduction in wound dimension and exudate,
improvement in granulation tissue, and enhancement of skin graft
take. The study's authors presented these results at the recent
24th Annual Clinical Symposium on Advances in Skin and Wound Care
in San Antonio, Texas. The Advanced Wound Management Division of
Smith & Nephew offers a broad range of advanced wound care
products across a continuum of care that facilitate appropriate
product utilization. Within this range of products are its
RENASYS(TM) NPWT systems, which include pumps and supply kits that
contain foam and gauze dressing options. For more information on
the RENASYS NPWT product range, please visit
http://www.myrenasys.com/, and for more information regarding Smith
& Nephew, please visit http://www.smith-nephew.com/ Inquiries
Press Steve DiMattia (646) 201-5445 Managing Director EVC Group,
Inc. Investors Liz Hewitt + 44 (0) 207-401-7646 Group Director,
Corporate Affairs Smith & Nephew Other Inquiries Tom Dugan
(727) 399-3766 North American President Smith & Nephew Advanced
Wound Management About Smith & Nephew Smith & Nephew is a
global medical technology business, specializing in Orthopaedics,
including Reconstruction, Trauma and Clinical Therapies, Endoscopy
and Advanced Wound Management. Smith & Nephew is a global
leader in arthroscopy and advanced wound management and is one of
the leading global orthopaedics companies. Smith & Nephew is
dedicated to helping improve people's lives. The Company prides
itself on the strength of its relationships with its surgeons and
professional healthcare customers, with whom its name is synonymous
with high standards of performance, innovation and trust. The
Company operates in 32 countries around the world. Annual sales in
2008 were nearly $3.8 billion. Forward-Looking Statements This
press release contains certain "forward-looking statements" within
the meaning of the US Private Securities Litigation Reform Act of
1995. In particular, statements regarding expected revenue growth
and trading margins discussed under "Outlook" are forward-looking
statements as are discussions of our product pipeline. These
statements, as well as the phrases "aim", "plan", "intend",
"anticipate", "well-placed", "believe", "estimate", "expect",
"target", "consider" and similar expressions, are generally
intended to identify forward-looking statements. Such
forward-looking statements involve known and unknown risks,
uncertainties and other important factors (including, but not
limited to, the outcome of litigation, claims and regulatory
approvals) that could cause the actual results, performance or
achievements of Smith & Nephew, or industry results, to differ
materially from any future results, performance or achievements
expressed or implied by such forward-looking statements. Please
refer to the documents that Smith & Nephew has filed with the
U.S. Securities and Exchange Commission under the U.S. Securities
Exchange Act of 1934, as amended, including Smith & Nephew's
most recent annual report on Form 20F, for a discussion of certain
of these factors. All forward-looking statements in this press
release are based on information available to Smith & Nephew as
of the date hereof. All written or oral forward-looking statements
attributable to Smith & Nephew or any person acting on behalf
of Smith & Nephew are expressly qualified in their entirety by
the foregoing. Smith & Nephew does not undertake any obligation
to update or revise any forward-looking statement contained herein
to reflect any change in Smith & Nephew's expectation with
regard thereto or any change in events, conditions or circumstances
on which any such statement is based. (TM)Trademark of Smith &
Nephew. DATASOURCE: Smith & Nephew, Inc. CONTACT: press, Steve
DiMattia, Managing Director of EVC Group, Inc., +1-646-201-5445,
for Smith & Nephew, Inc.; or, investors, Liz Hewitt, Group
Director, Corporate Affairs, Smith & Nephew, + 44 (0)
207-401-7646; or, other inquiries, Tom Dugan, North American
President, Smith & Nephew Advanced Wound Management,
+1-727-399-3766 Web Site: http://www.smith-nephew.com/
http://www.myrenasys.com/
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