Lifeward finalizes agreement with BARMER

Lifeward (LFWD) 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.”