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Lifeward signs contractual agreement with BARMER, Germany’s second largest statutory health insurance company, to streamline access to ReWalk Personal Exoskeletons for eligible beneficiaries
Following this agreement, approximately 45% of people with Statutory Health Insurance in Germany now have coverage policies with a defined reimbursement process for personal exoskeletons
MARLBOROUGH, Mass. and BERLIN, Germany, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Lifeward Ltd. (Nasdaq: LFWD) (“Lifeward” or the “Company”), a global leader in innovative medical technology to transform the lives of people with physical limitations or disabilities, today announced that it has finalized its agreement with BARMER, Germany’s second largest statutory health insurer, to formalize the reimbursement process for the provision of ReWalk Exoskeletons to medically eligible beneficiaries.
“We are extremely pleased to streamline access for eligible individuals with spinal cord injury among the millions of people insured by BARMER.,” said Larry Jasinski, Chief Executive Officer at Lifeward. “As a result of BARMER’s leadership position in the German healthcare market, we believe this agreement will help set a precedent for further expansion of insurance coverage for exoskeletons in Germany and worldwide. In the past year, we have seen an acceleration in reimbursement policies, with Medicare in the U.S., state coverage in Hungary, and now BARMER in Germany. Lifeward is well positioned to further expand access through submissions to Medicare Advantage Programs and other U.S. commercial payers.”
With over 8.5 million insured beneficiaries, BARMER has already provided 20 ReWalk Personal Exoskeletons to beneficiaries in recent years, making it the leading insurer in Germany in terms of coverage for personal exoskeletons. Under this agreement, the reimbursement process and procedures are formally defined for medically eligible beneficiaries to receive a ReWalk Personal Exoskeleton for everyday use.
“This contract offers our policyholders high quality standards, which Lifeward, as a high-performance contractual partner, complies with for every supply. In addition, the contractual agreement enables us to establish sustainable structures in the supply of exoskeletons,” said a representative from the contract department at BARMER.
To learn more about the ReWalk Exoskeleton, please visit the Lifeward website.
About Lifeward
Lifeward designs, develops, and commercializes life-changing solutions that span the continuum of care in physical rehabilitation and recovery, delivering proven functional and health benefits in clinical settings as well as in the home and community. Our mission at Lifeward is to relentlessly drive innovation to change the lives of individuals with physical limitations or disabilities. We are committed to delivering groundbreaking solutions that empower individuals to do what they love. The Lifeward portfolio features innovative products including the ReWalk Exoskeleton, the AlterG Anti-Gravity System, the MyoCycle FES System, and the ReStore Exo-Suit.