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Ekso Bionics to Participate at Centers for Medicare & Medicaid Services (CMS) Second Biannual 2023 Healthcare Common Procedure Coding System (HCPCS) Public Meeting on Wednesday, November 29
SAN RAFAEL, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Ekso Bionics Holdings, Inc. (Nasdaq: EKSO) (the “Company”), an industry leader in exoskeleton technology
About this update from Ekso Bionics Holdings, Inc.
[{"type":"text","content":"SAN RAFAEL, Calif., Nov. 16, 2023 (GLOBE NEWSWIRE) -- Ekso Bionics Holdings, Inc. (Nasdaq: EKSO) (the “Company”), an industry leader in exoskeleton technology for medical and industrial use, today announced that the Company will participate at the Centers for Medicare & Medicaid Services’ (“CMS”) Healthcare Common Procedure Coding System (“HCPCS”) public meeting on November 29, 2023, to discuss appropriate Medicare payment for the Ekso Indego Personal. “We appreciate CMS for providing Ekso with this opportunity to highlight the urgent need of the Ekso Indego Personal for thousands of individuals with a spinal cord injury (“SCI”),” said Scott Davis, Chief Executive Officer of Ekso Bionics. “The Home Health Prospective Payment System Rule, finalized earlier this month, has significantly increased interest in our personal, home and community use exoskeleton. With CMS’s proposed reimbursement level of $94,617 for devices fitting within the existing reimbursement code, certain SCI individuals with Medicare coverage will have access to our life-changing technology. We look forward to this meeting and the potential positive health impacts that reimbursement could have for the SCI community.” The Company has submitted a coding verification request to confirm that reimbursement claims for Ekso Indego Personal should be submitted with HCPSC Level II Code K1007, defined as “Bilateral hip, knee, ankle, foot device, powered, includes pelvic component, single or double upright(s), knee joints any type, with or without ankle joints any type, includes all components and accessories, motors, microprocessors, sensors.” A determination is expected in the coming weeks. This HCPCS meeting follows the CMS’ final rule published on November 1, 2023, where it codified “the longstanding Medicare definition of brace to provide clarification on the scope of the Medicare Part B benefit for leg, arm, back, and neck braces and, as a result, classifies certain exoskeleton-type devices as braces for Medicare payment purposes.” This rule will go into effect on January 1, 2024; any national payment amount established as a result of the November 29 meeting will be effective April 1, 2024. Ekso Indego Personal is a modular, lightweight and easily portable exoskeleton that is safe for use in most home and community environments. The device contains an advanced gait ...