OIG report: Prodigy gains further market share
WASHINGTON – Three types of diabetes test strips account for 58% of the Medicare mail-order market share, according to a study released Nov. 25 by the Office of Inspector General (OIG).
The OIG examined 1,210 claims from the three-month period of October 2013 through December 2013. This is the third of three reports released in 2014 that the OIG has released to ensure that winning bidders are meeting the 50% market share requirement required by the Medicare Improvements for Patients and Providers Act.
The study found that two types of strips accounted for 44% of the market and 10 types accounted for 91%. The Prodigy Autocode, from Prodigy Diabetes Care, has 26.9% of the market share. That’s an increase over a previous report, released in June, that found the Prodigy Autocode accounted for 23.9% of the market. By contrast, the same product comprised only 2.4% of the market for the three months ended December 2009.