VICTHOM IS STILL ALIVE
Victhom says CMS to start reimbursing for Power Knee
2012-08-21 11:34 ET - News Release
Mr. Normand Rivard reports
THE POWER KNEE ACHIEVES IMPORTANT REIMBURSEMENT MILESTONE
Victhom Human Bionics Inc. and Ossur's Power Knee has been accepted into the reimbursement system in the United States, effective as of January, 2013. The allocation of the reimbursement code by the Centers for Medicare & Medicaid Services (CMS) for the Power Knee is a very important milestone and confirms the acceptance of bionic products as the next generation of prosthetics. The reimbursement price has not yet been determined. The allocation of the code is not expected to have any material impact on sales of the Power Knee in 2012.
"This is a major commercial achievement for Ossur as CMS reimbursement is a critical step toward adoption of the Power Knee. Victhom is very proud that its collaboration with Ossur has generated such an exceptional product that will significantly improve the quality of life for above-knee amputees," stated Normand Rivard, president and chief executive officer of Victhom.
Ossur is the world leader in bringing the most innovative prosthetic solutions to market. Developed in partnership with Victhom Human Bionics, the Power Knee is the world's first and only motor-powered, artificially intelligent prosthesis for above-knee amputees that restores lost muscle function and enables amputees to perform normal daily functions without even thinking about their next movement. This breakthrough provides unprecedented stability, safety and confidence for any above-knee amputee.