First ReWalk Personal Exoskeleton Claim Paid by Medicare

ReWalk Personal Exoskeleton covered as a medically necessary device for an eligible Medicare beneficiary with spinal cord injury

MARLBOROUGH, Mass. and BERLIN and YOKNEAM ILLIT, Israel, Jan. 05, 2024 (GLOBE NEWSWIRE) -- ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk”), a leading provider of innovative technologies that enable mobility and wellness in rehabilitation and daily life for individuals with neurological conditions, today announced that it has received payment from Noridian Healthcare Solutions (“Noridian”), a Medicare Administrative Contractor (“MAC”), for its first claim for the ReWalk Personal Exoskeleton.

This marks coverage and payment by Medicare fee-for-service for the first-ever claim submitted for a ReWalk Personal Exoskeleton device. This milestone reflects an acknowledgement by Medicare that the ReWalk Personal Exoskeleton is a medically necessary device, as supported by a body of scientific evidence, when prescribed for an eligible Medicare beneficiary with spinal cord injury (“SCI”).

“This recent payment for a ReWalk Personal Exoskeleton by the Medicare program represents an achievement for the paralyzed community and reinforces the medical necessity of the ReWalk Exoskeleton for eligible individuals with SCI,” said Larry Jasinski, CEO of ReWalk Robotics. “We are thrilled to see that ReWalk’s years of collaboration and coordination, working in tandem with Medicare representatives, health care providers, lawmakers, and members of the SCI community, are beginning to come to fruition. We look forward to continuing our work with Medicare now that the 2024 Home Health Rule, which codifies a clear coverage pathway for personal exoskeletons, has gone into effect on January 1, 2024.”

To learn more about ReWalk’s work with Medicare beneficiaries, please visit rewalk.com/medicare.

About ReWalk Robotics Ltd.
ReWalk Robotics Ltd. is a medical device company that designs, develops, and commercializes innovative technologies that enable mobility and wellness in rehabilitation and daily life for individuals with neurological conditions. ReWalk’s mission is to fundamentally change the quality of life for these individuals through the creation and development of market leading technologies. Through its recent acquisition of AlterG, Inc., ReWalk has added anti-gravity systems to its growing portfolio of products. Founded in 2001, ReWalk has operations in the United States, Israel, and Germany. For more information on the ReWalk systems, please visit rewalk.com. For more information on the AlterG systems, please visit alterg.com.