ZOLL Medical Corporation (NASDAQ GS: ZOLL), a manufacturer of
resuscitation devices and related software solutions, announced today
that the ZOLL LifeVest® Wearable Defibrillator is now covered
by the three largest state Medicaid programs in the country—California,
New York and Texas, which combined represent a total of over 13 million
covered lives. Medi-Cal in California provides health care coverage and
prescription coverage to a monthly average of 6.5 million low-income
senior citizens, children and families, and people with disabilities,
while New York covers over 4.5 million and Texas has over 2.5 million
enrolled.
The LifeVest, the first and only wearable defibrillator, is worn by
patients at risk for sudden cardiac arrest (SCA) while plans are made to
manage their long-term arrhythmic risk, including the decision to
implant a cardioverter defibrillator (ICD). The LifeVest has a 98% first
shock success rate for treating patients with SCA. In addition, no
bystander intervention is required. This unique, non-invasive technology
continuously monitors the patient’s heart and, if a life-threatening
heart rhythm is detected, the device alerts the patient prior to
delivering a shock. The device releases a conductive gel onto the
therapy electrodes to protect the skin, and then delivers a shock to
restore normal heart rhythm. The entire event, from detecting a
life-threatening arrhythmia to automatically delivering a defibrillation
shock, usually occurs in less than a minute. Timely defibrillation is
the single most important factor in saving a SCA victim’s life.
"With the three largest state Medicaid programs now covering the
LifeVest, as well as many other medium and small state Medicaid plans,
the critical importance of this life- saving device is apparent,” said
Richard A. Packer, Chairman and Chief Executive Officer of ZOLL. "Since
LifeVest requires no bystander intervention, it offers high-risk
patients and their families’ peace of mind. For insurance companies,
it’s cost effective to cover LifeVest since it reduces a patient’s need
for a long hospital stay.”
There are two main components to the LifeVest: a garment and a monitor.
The garment is worn under clothing and records arrhythmias, including
before and after treatment. If it detects a life-threatening rhythm, the
device alerts the patient, who if conscious can prevent the shock. If
the patient is unconscious, the device delivers an electric shock to
attempt to restore normal rhythm. The lightweight monitor weighs about
1.8 pounds and is worn around the waist or from a shoulder strap, making
it the only wearable external defibrillator available. Patients wearing
the LifeVest are encouraged to wear the device continuously, excluding
time when bathing or showering.
The LifeVest is specifically approved by Medicaid and other insurers for
those at high risk of sudden cardiac arrest. The LifeVest may be
prescribed to patients following a heart attack, before or after bypass
surgery or stent placement, as well as for those with cardiomyopathy or
congestive heart failure. It may also be prescribed for patients who
can’t have immediate implant surgery for an ICD, including those
recovering from infections caused by ICDs. The amount of coverage for
each indication is determined by the approving insurance company’s
policy.
Over half of the Medicaid programs in the United States are now covering
the LifeVest and more are coming online each month. Since state Medicaid
plans represent large populations in every state, this marks a
significant step in the LifeVest evolution. Over 1,200 health plans,
both commercial and state plans, now offer reimbursement for the
LifeVest.
To date, LifeVest has been prescribed for over 12,000 patients and there
have been over 2,000 years of cumulative patient time wearing LifeVest.
About ZOLL Medical Corporation
ZOLL Medical Corporation is committed to developing technologies that
help advance the practice of resuscitation. With products for pacing,
defibrillation, circulation, ventilation, and fluid resuscitation, ZOLL
provides a comprehensive set of technologies, including Real CPR Help®
and See-Thru CPR®, that help clinicians, EMS professionals,
and lay rescuers resuscitate sudden cardiac arrest or trauma victims.
ZOLL also designs and markets software that automates the documentation
and management of both clinical and non-clinical information.
ZOLL markets and sells its products in more than 140 countries. The
Company has direct operations, distributor networks, and business
partners throughout the U.S., Canada, Latin America, Europe, the Middle
East and Africa, Asia, and Australia. 2008 marks the 25th
anniversary of ZOLL’s resuscitation product development. For more
information, visit www.zoll.com.
Certain statements contained in this press release, including
statements regarding the future business of the Company,
and
other statements contained herein regarding matters that are not
historical facts, are "forward-looking” statements (as defined in the
Private Securities Litigation Reform Act of 1995).
Because such
statements are subject to risks and uncertainties, actual results may
differ materially from those expressed or implied by such
forward-looking statements.
Factors that could cause actual
results to differ materially from those expressed or implied by such
forward-looking statements include, but are not limited to, those
factors discussed in the section entitled "Risk Factors” in the Company's
Annual Report on Form 10-K filed with the SEC on December 8, 2008. You
should not place undue reliance on the forward-looking statements in
this press release, and the Company disavows any obligation to update or
supplement those statements in the event of any changes in the facts,
circumstances, or expectations that underlie those statements.
Copyright © 2008 ZOLL Medical Corporation. All rights reserved. 269 Mill
Road, Chelmsford, MA 01824-4105. ZOLL, LifeVest, Real CPR Help, and
See-Thru CPR are registered trademarks of ZOLL Medical Corporation. All
product names are the property of their respective owners.