Centers For Medicare & Medicaid Services Codifies Medicare Coverage For Ekso Indego Personal
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Ekso Bionics Holdings, Inc. (NASDAQ:EKSO) announces that the Centers for Medicare & Medicaid Services (CMS) has included exoskeletons in the Medicare brace benefit category for 2024. This could significantly expand the use of Ekso Indego Personal in home and community markets. The company is awaiting formalization of the applicability from CMS. Once a reimbursement rate is established, individuals with Medicare coverage may be able to obtain the device at a reduced cost.
November 02, 2023 | 9:00 pm
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The inclusion of Ekso Bionics' exoskeletons in the Medicare brace benefit category could significantly expand the use of its product, Ekso Indego Personal. This could potentially increase the company's revenues.
The inclusion of Ekso Bionics' exoskeletons in the Medicare brace benefit category means that individuals with Medicare coverage may be able to obtain the device at a reduced cost. This could significantly expand the use of the product, potentially leading to increased revenues for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100