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Bacterin International Receives Coverage From Medicare Administrative Contractor (MAC) for hMatrix

Key Takeaway: Bacterin International Receives Coverage From Medicare Administrative Contractor (MAC) for hMatrix BELGRADE, Mont., April 28, 2015 (GLOBE NEWSWIRE) -- Bacterin International Holdings, Inc. (OTCQX:BONE), a leader in the development of revolutionary allograft, today announced t

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Bacterin International Receives Coverage
From Medicare Administrative Contractor (MAC) for hMatrix
BELGRADE, Mont., April 28, 2015 (GLOBE NEWSWIRE)
-- Bacterin International Holdings, Inc. (OTCQX:BONE), a leader in the development of revolutionary allograft, today announced
that its Acellular Dermal Matrix allograft (ADM), hMatrix , has received coverage from Novitas Solutions, Inc. ("Novitas"),
a Medicare Administrative Contractor, or "MAC".
Novitas is one of eight MACs that are responsible
for processing Medicare claims in one or more of twelve geographic areas, or "jurisdictions," in the United States. In
addition to processing claims, each MAC is also responsible for issuing local coverage determinations ("LCDs") that specify
which health care products and services are reimbursable through the Medicare Fee-for-Service program in the regions under its
On Friday, April 10th, Novitas Solutions, Inc.
published a local coverage determination titled "Application of Bioengineered Skin Substitutes to Lower Extremity Chronic
Non-Healing Wounds (L27549)," which included Bacterin's hMatrix ADM product. Novitas has jurisdiction in two geographic
areas, including eleven states and the District of Columbia. This LCD was effective for services performed on or after April 9,
"We are extremely pleased with the recent
announcement from Novitas that our novel, hMatrix ADM product has been included in a local coverage determination," said
Bob Di Silvio, President of Bacterin International. "Novitas is responsible for approximately 11.3 million Medicare beneficiaries
within its jurisdictions. This local coverage determination from Novitas allows physicians and wound care practitioners to offer
hMatrix to their Medicare beneficiaries. Combined with our recent contract extension with Novation, this further expands the
marketability of hMatrix and strengthens its reimbursement capabilities."
About Bacterin International Holdings
Bacterin International Holdings, Inc. (OTCQX:BONE)
develops, manufactures and markets biologics products to domestic and international markets. These products are used in a variety
of applications including enhancing fusion in spine surgery, relief of back pain, promotion of bone growth in foot and ankle surgery,
promotion of cranial healing following neurosurgery and subchondral repair in knee and other joint surgeries.
For further information, please
CONTACT: COCKRELL GROUP
877.889.1972
investorrelations@thecockrellgroup.com
cockrellgroup.com
Last updated: Apr 28, 2015