RWLK... very interesting company and I like this sector =medical robotics and medical equipment that I have on the Speculation Board...
I'm trying to play the range of $1 to $3...support levels are important $1.40...1.25 and 1.10.
This was in their earnings transcript..."In 2014, when ReWalk was first approved, the scientific data was more limited, which resulted in an initial decision by insurers not to issue broad coverage policies. The rapid expansion of data over these last few years is substantial and we are very pleased with the depth and the quality of the data submitted. Review by the U.S. commercial payer I just referred to has been completed, and we expect a decision in 30 to 60 days following the review. ***(...so there is some news on the way in the next 2 months...(...so don't get frustrated if all you see is sideways above $1.25 for 2 months...))...
We continue to have a strong track record through the appeals process. We've recently announced a favorable court decision in Florida relates to several judicial decisions that support covering the individual after an original denial of a claim by a commercial insurer. In this particular case involving Blue Cross Blue Shield of Florida, the decision was based on a formal evidentiary hearing and expert testimony. The expert witness stated, "This technology now meets a common standard of medical practice," and is medically [necessary] treatment. The court concluded that coverage for the ReWalk for home use has been proven by the preponderance of the evidence. So the individual impacted by this decision has been given the opportunity to walk once again.
In over 80% of appeals that have been decided, independent experts have ruled in favor of coverage. We view the trend moving clearly in our favor." ...
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