Commercial Health Insurance Company Becomes First to Implement Medical Policy Finding Powered Exoskeletons Medically Necessary
YOKNEAM ILIT,
The policy has implemented its first instance through the reimbursement of a ReWalk 6.0 Personal System to
"I would like to thank my health plan for covering the ReWalk for use in my home and in the community," Mr. Larson said. "I know first-hand how much my health and well-being has benefitted from use of the ReWalk system, and I feel that the new policy will allow a large number of users to experience these same benefits."
The health plan's positive coverage policy comes at a time when a growing number of insurers and health systems worldwide have recognized the benefits of exoskeletons and have followed through with coverage and reimbursement. Late in 2015, the
"We are proud to provide a ReWalk exoskeleton in this historic, first comprehensive coverage policy by a commercial insurance provider. The creation of comprehensive policies for exoskeleton technologies marks a major turning point for our industry. We expect this decision will not only speed the reimbursement process for members of the plan, but also pave the way for additional private insurers to follow suit," stated
ReWalk is the first exoskeleton in the U.S. to receive
The new comprehensive policy followed the recent publication of the first systematic review and meta-analysis of previously published clinical data assessing the effectiveness and safety of powered exoskeleton-assisted walking in patients with SCI. The analysis and review concluded that powered exoskeletons allow patients with SCI to safely ambulate in real-world settings at physical activity intensity conducive to prolonged use. The analysis and review also concluded that use of powered exoskeletons is known to result in various secondary health effects.
About ReWalk Personal 6.0
ReWalk Personal 6.0 is a wearable robotic exoskeleton that provides powered hip and knee motion to enable individuals with spinal cord injury to stand upright and walk. The system provides user-initiated mobility through the integration of a wearable brace support, a computer-based control system and motion sensors. The system allows independent, controlled walking similar to a natural gait pattern. The ReWalk device is the most studied exoskeleton in the industry.
About
ReWalk® is a registered trademark of
Forward Looking Statements
In addition to historical information, this press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, and Section 21E of the U.S. Securities Exchange Act of 1934. Such forward-looking statements may include projections regarding ReWalk's future performance and, in some cases, may be identified by words like "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek" and similar terms or phrases. The forward-looking statements contained in this press release are based on management's current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of ReWalk's control. Important factors that could cause ReWalk's actual results to differ materially from those indicated in the forward-looking statements include, among others: ReWalk's expectations regarding future growth, including its ability to increase sales in its existing geographic markets and to expand to new markets; ReWalk's ability to maintain and grow its reputation and to achieve and maintain market acceptance of its products; ReWalk's ability to achieve reimbursement from third-party payors for its products; ReWalk's expectations as to its clinical research program and clinical results; ReWalk's ability to improve its products, develop new products; ReWalk's ability to maintain adequate protection of its intellectual property and to avoid violation of the intellectual property rights of others; ReWalk's ability to repay its secured indebtedness; ReWalk's ability to gain and maintain regulatory approvals; ReWalk's ability to maintain relationships with existing customers and develop relationships with new customers; and other factors discussed under the heading "Risk Factors" in ReWalk's Annual Report on Form 10-K for the year ended
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Media Contact: Jennifer Wlach, 202-261-4000, jwlach@mercuryllc.com; Investor Relations Contact: Lisa M. Wilson, In-Site Communications, Inc., 917-543-9932, lwilson@insitecony.com