Cancer Genetics Expands The Reach Of Precision Medicine By Over 2.6 Million Individuals As It Signs A New Agreement With Blue Cross Blue Shield Of Minnesota

RUTHERFORD, N.J. & LOS ANGELES, Feb. 05, 2016 (GLOBE NEWSWIRE) -- Cancer Genetics, Inc. (Nasdaq:CGIX) ("CGI" or "The Company"), a leader in enabling precision medicine for oncology through molecular markers and diagnostics, announced today that it has signed an in-network provider agreement with the healthcare network Blue Cross Blue Shield of Minnesota (“BCBS of Minnesota”). As part of the agreement, the over 2.6 million members of the Blue Cross Blue Shield plan will have access to CGI’s cancer diagnostics and genomic testing services.

Established in 1933, Blue Cross Blue Shield of Minnesota is the largest health plan in Minnesota and boasts the largest network of doctors. BCBS of Minnesota stands by its mission to make a healthy difference in people’s lives by making healthcare affordable and available when it’s needed.

“CGI is thrilled to work with Blue Cross Blue Shield of Minnesota,” said Randy Goodman, Ph.D., Director of Reimbursement and Clinical Revenue Cycle Management at Cancer Genetics, Inc. “We are looking forward to offering our comprehensive portfolio of oncology diagnostic tests to help Minnesotans have the most effective and high quality personalized cancer care available.”

The agreement with BCBS of Minnesota takes CGI a step further in the execution of its multipart access and reimbursement strategy of securing reimbursement for its genomic testing platforms by establishing relationships with leading national and regional payers.  CGI now has contracts with 29 payers covering 180 million lives across commercial Medicare advantage and Medicaid plans. Increasing patient access and contracting with payers is one of the strategic components that supports the growth of CGI’s clinical testing in both solid tumor and hematological cancers.

About Cancer Genetics

Cancer Genetics Inc. is a leader in enabling precision medicine in oncology from bench to bedside through the use of oncology biomarkers and molecular testing. CGI is developing a global footprint with locations in the US, India and China. We have established strong clinical research collaborations with major cancer centers such as Memorial Sloan Kettering, The Cleveland Clinic, Mayo Clinic, Keck School of Medicine at USC and the National Cancer Institute.

The Company offers a comprehensive range of laboratory services that provide critical genomic and biomarker information. Its state-of-the-art reference labs are CLIA-certified and CAP-accredited in the US and have licensure from several states including New York State.

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