WALTHAM, Mass., Nov. 14, 2016
WALTHAM, Mass., Nov. 14, 2016 /PRNewswire/ -- Alere Inc. (NYSE: ALR), a global leader in rapid diagnostic tests, today announced that it has posted a fact sheet on its website providing additional information regarding its subsidiary Arriva Medical, LLC's relationship with the Centers for Medicare & Medicaid Services (CMS) and its enrollment in the National Mail Order Competition Bid Program ("Program") for Diabetes Testing Supplies (DTS). Arriva is fully accredited by the Accreditation Commission for Health Care (ACHC) and recognized as a leader in compliance.
The fact sheet highlights, among other things, the data that supports Alere's belief that the Medicare claims in question were submitted in response to valid refill orders from Medicare beneficiaries or their caregivers, and that Arriva has not received or retained improper reimbursement for these claims:
Alere believes this matter is a consequence of the challenges in obtaining timely and accurate beneficiary eligibility data from CMS.
The fact sheet can be accessed on Alere's website at http://www.alere.com/en/home.html.
Alere believes that when diagnosing and monitoring health conditions, Knowing now matters™. Alere delivers reliable and actionable information by providing rapid diagnostic tests, enhancing clinical and economic healthcare outcomes globally. Headquartered in Waltham, Mass., Alere focuses on rapid diagnostics for cardiometabolic disease, infectious disease and toxicology. For more information on Alere, please visit www.alere.com.
Cautionary Statement Regarding Forward-Looking Statements
This communication (and those referenced in this communication) contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding Arriva's commitment to its patients and the Medicare program; the potential impact of the revocation of Arriva's Medicare enrollment, including with respect to the risks to beneficiaries and the National Mail Order DTS program and CMS policy and any other statements about the future expectations, beliefs, goals, plans or prospects of the board or management of the Company. Readers can identify these statements by forward-looking words such as "may," "could," "should," "would," "intend," "will," "expect," "anticipate," "believe," "estimate," "continue" or similar words. A number of important factors could cause actual results of Alere and its subsidiaries to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to the risk factors detailed in Part I, Item 1A, "Risk Factors," of our Annual Report on Form 10-K for the fiscal year ended December 31, 2015 (as filed with the Securities and Exchange Commission on August 8, 2016) and other risk factors identified herein or from time to time in our periodic filings with the SEC. Readers should carefully review these risk factors, and should not place undue reliance on our forward-looking statements. These forward-looking statements are based on information, plans and estimates at the date of this communication. We undertake no obligation to update any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/alere-provides-additional-information-regarding-arriva-medical-on-its-website-300361963.html
SOURCE Alere Inc.PR Newswire
Last updated on: 14/11/2016
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