Core Insights - Lifeward has signed a contractual agreement with BARMER, Germany's second largest statutory health insurance company, to streamline access to ReWalk Personal Exoskeletons for eligible beneficiaries [1][2] - Approximately 45% of individuals with Statutory Health Insurance in Germany now have coverage policies that include a defined reimbursement process for personal exoskeletons [1] - BARMER has over 8.5 million insured beneficiaries and has already provided 20 ReWalk Personal Exoskeletons, establishing itself as the leading insurer in Germany for this technology [2] Company Overview - Lifeward is a global leader in innovative medical technology aimed at transforming the lives of individuals with physical limitations or disabilities [1][4] - The company designs, develops, and commercializes solutions that span the continuum of care in physical rehabilitation and recovery [4] - Lifeward's product portfolio includes the ReWalk Exoskeleton, AlterG Anti-Gravity System, MyoCycle FES System, and ReStore Exo-Suit [4] Industry Context - The agreement with BARMER is expected to set a precedent for further expansion of insurance coverage for exoskeletons in Germany and globally [2] - There has been an acceleration in reimbursement policies for exoskeletons, with notable developments in the U.S. and Hungary [2] - The contractual agreement aims to establish sustainable structures in the supply of exoskeletons, ensuring high-quality standards for policyholders [3]
Lifeward Finalizes Personal Exoskeleton Reimbursement Agreement with BARMER, Adding 8.5 Million Covered Lives in Germany