Payer Coverage for ReWalk Expands in Germany with Barmer

Insurance Weekly News

By a News Reporter-Staff News Editor at Insurance Weekly News -- ReWalk Robotics Ltd. ("ReWalk" or the "Company") (Nasdaq: RWLK), announced that one of the leading German insurers, Barmer, has signed a confirmation regarding the provision of ReWalk systems for all qualifying beneficiaries. This confirms the procurement of exoskeletons for users that meet the inclusion criteria and reach successful assessment by the German Medical Service of the Health Insurers (MDK) before and after training

"The continued expansion of data, the growing number of successful ReWalk users worldwide and the positive decision from the German Social Court have led Barmer to determine that exoskeletons are a standard of care for use in everyday life," said ReWalk CEO Larry Jasinski. "The progressive approach of a prominent Statutory Health Insurance group, such as Barmer, and an increase of purchases and expanded training efforts with the Workman's compensation BG (Berufsgenossenschaft) in Germany, marks meaningful progress to improve the quality of life for those with spinal cord injury."

Barmer has already begun processing claims with three beneficiaries entering training for in-home use of an exoskeleton. One of the most significant national insurers in Germany, and a member of the German Statutory Health Insurance network, Barmer provides insurance coverage for nearly 10 million people.

Separately, the Company announced that ReWalk continues to engage with U.S. national and regional insurance providers to secure potential coverage policies based on a growing wealth of data and a number of appeal rulings that have deemed exoskeleton devices a "medically necessary" standard of care for individuals with spinal cord injury (SCI). As part of this ongoing initiative, a large national insurance provider has requested additional information in order to continue to evaluate a change from their current non-coverage policy. The Company is also submitting data to two additional U.S. commercial groups for policy reviews.

Keywords for this news article include: Health Insurance, Spinal Cord Injury, ReWalk Robotics Ltd., Spinal Cord Diseases and Conditions, Central Nervous System Diseases and Conditions.