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MiMedx Announces Revised Local Coverage Determination From Medicare Contractor That Includes EpiFix®

MiMedx Group, Inc. (NASDAQ: MDXG), an integrated developer, manufacturer and marketer of patent protected regenerative biomaterials and bioimplants processed from human amniotic membrane, announced today that the Medicare Administrative Contractor responsible for Jurisdiction H, which has approximately five million beneficiaries in Texas, Oklahoma, Louisiana, New Mexico, Colorado, Mississippi and Arkansas, has revised its Local Coverage Determination (LCD) for bioengineered skin substitutes in the hospital outpatient and physician office settings to include EpiFix®. The revision to the LCD, entitled Bioengineered Skin Substitutes, names MiMedx's wound care allograft, EpiFix, as eligible for Medicare coverage when medically necessary and reasonable, subject to the coverage indications and limitations set forth in the LCD. The revision was published on July 10, 2014, effective for dates of service on or after June 16, 2014.

Mr. Pete Petit, Chairman and CEO, said, "As we discussed in our shareholder call on April 25, 2014, the contractor for Jurisdiction H previously had issued a draft consolidated LCD under which all skin substitutes with a Q-code were eligible for coverage if the case met the medically necessary and reasonable threshold. This LCD was to go into effect on March 27, 2014. On the effective date, the draft LCD was rescinded, and the contractor reverted to the previous LCD. The previous Jurisdiction H LCD covered only a few named skin substitutes and did not include coverage for EpiFix. In the update issued on July 10, 2014, the contractor has added EpiFix as a covered product. EpiFix was the only product added in that update. We are very pleased that EpiFix has been included in the revised LCD for this Medicare jurisdiction."

Bill Taylor, President and COO, commented, "EpiFix is currently eligible for coverage and reimbursement by approximately 200 payers, including 20 Blue Cross Blue Shield plans, all of the Medicare MACs, and over 20 State Medicaid plans."