SAN DIEGO – June 11, 2018 – Dexcom, Inc. (NASDAQ:DXCM), the leader in continuous glucose monitoring for people with diabetes, announced today the U.S. Centers for Medicare & Medicaid Services (CMS) is updating its policy on mobile device compatibility for the Dexcom G5® CGM System. Available on iOS and Android, the Dexcom G5 is the first and only mobile-enabled CGM system for Medicare patients with diabetes that works to display and share real-time glucose activity.
The CMS announcement states:
Medicare’s published coverage policy for CGMs will be modified to support the use of CGMs in conjunction with a smartphone, including the important data sharing function they provide for patients and their families.
“On behalf of our Medicare population, Dexcom would like to recognize and thank CMS for this policy coverage update,” said Kevin Sayer, President and CEO of Dexcom. “This update allows patients to access the full functionality of the Dexcom G5 CGM system as approved by the Food and Drug Administration (FDA). By doing what is right for the patient, CMS is creating value for the entire healthcare system.”
“We would also like to recognize the diabetes community for their efforts in voicing the necessity for this change. CMS listened and recognized the need to allow the sharing of glucose data in this population,” said Claudia Graham, SVP of Global Access.
As the first therapeutic CGM approved by CMS in January 2017, the Dexcom G5 Mobile System provides Medicare patients with highly-accurate glucose readings sent every five minutes from a sensor worn just underneath the skin to a compatible smart device or receiver. The Dexcom G5 Mobile System offers Medicare patients life-saving safety and privacy features that no other CGM product provides, including proactive alerts and alarms.
With nearly half of adults ages 65 and up using smartphones, Medicare diabetes patients are now able to use the Dexcom Share feature that allows users to share glucose information with up to five loved ones or caregivers.
Current and eligible Medicare patients can download the Dexcom G5 Mobile app to compatible iOS and Android devices via iTunes and Google Play, and login into their Dexcom account. Dexcom G5 is compatible with the iPhone X, 8, 7 and 6, in addition to 14 of the top 30 Android phones. It’s also compatible with the Apple Watch and Android Wear Watches. A current list of compatible devices can be found at dexcom.com/compatibility.
About Dexcom, Inc.
Dexcom, Inc., headquartered in San Diego, CA, is dedicated to helping people better manage their diabetes by developing and marketing continuous glucose monitoring (CGM) products and tools for adult and pediatric patients. With exceptional performance, patient comfort and lifestyle flexibility at the heart of its technology, users have consistently ranked Dexcom highest in customer satisfaction and loyalty. For more information on the Dexcom CGM, visit www.dexcom.com.
Steve Pacelli, 858-200-0200
James McIntosh, 619-884-2118
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Our Chairman and CEO, Kevin Sayer, was on Mad Money with Jim Cramer to discuss our CGM technology and the successful year Dexcom had in 2018.
November is National Diabetes Awareness Month, a time when communities across the country bring attention to the impact and treatment of diabetes.