ReWalk Robotics (NSDQ:RWLK) introduced at present that well being insurer Cigna will now take into account purposes for using exoskeletons for individuals with spinal twine accidents after a change in protection coverage.
The Israeli firm Yokneam introduced this transformation as the primary of its form at a big personal insurer in the US. The coverage change has already taken impact, a proper coverage change to be made by Cigna "as of the third quarter of 2019, ReWalk mentioned.
"It is a main step for well being care recipients in the US. Cigna provides the instance by understanding rising applied sciences, specializing in enhancing the general well being and well-being of beneficiaries and, most significantly, by growing progressive insurance policies. This new coverage ought to have a direct influence on the lives of certified beneficiaries, who will now have entry to revolutionary medical units. ReWalk favored direct interactions with payers and defined the advantages of utilizing exoskeletons, and Cigna's determination comes after offering the newest proof. We anticipate different payers to comply with Cigna's management by offering the newest and most modern applied sciences to their members, "mentioned CEO Larry Jasinski. m mentioned in a press launch.
Earlier this month, ReWalk noticed shares fall after launched its fourth quarter and financial 12 months 2018 outcomes which exceeded expectations for loss per share, however was not met by the gross sales consensus of Wall Avenue analysts.
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