Thursday, May 2, 2024

Nevro Announces Positive Medicare Coverage Update from Noridian for the Treatment of Painful Diabetic Neuropathy

Nevro Corp., a global medical device company that is delivering comprehensive, life-changing solutions for the treatment of chronic pain, announced that Noridian, the Medicare Administrative Contractor (MAC) that oversees the majority of the western United States, released an update to their Local Coverage Billing and Coding article (A57791 and A57792) for spinal cord stimulators for chronic pain to include two new ICD-10 codes that cover Painful Diabetic Neuropathy (PDN). This change was posted on March 4, 2022 and is retroactive for procedures performed on or after January 1, 2022.

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“This is a very positive advancement for the Medicare-aged population covered by Noridian, which will provide greater access to Nevro’s proprietary 10 kHz Therapy for PDN patients,” stated D. Keith Grossman, Chairman, CEO and President of Nevro. “The coverage policies of five of the seven regional Medicare MACs now provide access for PDN patients. Our reimbursement team is continuing to work closely with the remaining Medicare MACs as well as commercial payers to provide the published clinical literature for 10 kHz Therapy and to respond to any questions raised during their policy reviews. We believe our strong and growing body of published, peer-reviewed clinical and real-world data will be the basis for further coverage decisions by other major health plans in 2022 and beyond.”

This Medicare update from Noridian, coupled with the recent positive coverage decision from UnitedHealthcare, increases coverage in the US to approximately 43% of PDN patients, up from approximately 25% of patients at the end of 2021. Noridian covers Medicare patients in Alaska, Arizona, California, Hawaii, Idaho, Montana, North Dakota, Oregon, South Dakota, Utah, Washington and Wyoming.

Internet Posting of Information

Nevro routinely posts information that may be important to investors in the “Investor Relations” section of its website at www.nevro.com. The company encourages investors and potential investors to consult the Nevro website regularly for important information about Nevro.

Headquartered in Redwood City, California, Nevro is a global medical device company focused on delivering comprehensive, life-changing solutions that continue to set the standard for enduring patient outcomes in chronic pain treatment. The company started with a simple mission to help more patients suffering from debilitating pain and developed its proprietary 10 kHz Therapy, an evidence-based, non-pharmacologic innovation that has impacted the lives of more than 80,000 patients globally. Nevro’s comprehensive HFX™ spinal cord stimulation (SCS) platform includes a Senza SCS system and support services for the treatment of chronic trunk and limb pain and painful diabetic neuropathy. Senza®, Senza II®, and Senza Omnia™ are the only SCS systems that deliver Nevro’s proprietary 10 kHz Therapy. Nevro’s unique support services provide every patient with an HFX Coach™ throughout their pain relief journey and every physician with HFX Cloud™ insights for enhanced patient and practice management.

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