Health

Health-Fall 2022

Issue link: https://nebusinessmedia.uberflip.com/i/1478217

Contents of this Issue

Navigation

Page 3 of 23

Health Care Br iefs U nified Health and Performance of Lancaster, a fitness center serving athletes with and without disabilities, will be moving to a larger space in September, which includes opening a new Rick Hoyt Research Lab, named after the famous Boston Marathon athlete with cerebral palsy. The new location at 417 Bolton Road in Lancaster will offer 6,600 square feet, compared with 2,200 at its current location on Mill Street. The grand opening will be Sept. 10. Moving to the location with Unified Health will be its Central Massachusetts Physical Therapy and AdaptX, which trains fitness professionals on inclusive and adaptive fitness. Brendan Aylward founded Unified Health and Performance in 2016 and AdaptX in 2020. AdaptX will launch and run The Rick Hoyt Research Lab at the M arlborough medical device manufacturer ReWalk Robotics Inc. is working with the U.S. Centers for Medicare and Medicaid Services to classify one of its products as artificial legs, which would make it easier for patients to receive its products. ReWalk expects feedback from CMS later this year on its ReWalk Personal Prosthetic Exoskeleton, which helps people with lower body injuries learn to walk, according to the company's second quarter earnings report, which was released Aug. 6. "Our collaborative efforts with CMS and other bodies on reimbursement, combined with ongoing improvements of the technology, are driving significant progress against this goal. Further, recent public sessions and subsequent interaction with CMS are encouraging steps on this pathway to deliver for patients and create Inclusive gym in Lancaster expanding into new location, opening Rick Hoyt Research Lab location to continue its work on cerebral palsy and improving health outcomes for individuals with disabilities. Rick and Dick Hoyt were a father-son team who ran 32 marathons where father Dick pushed his son Rick in a wheelchair. Dick passed away in 2021. "I've run for Team Hoyt for the last seven years, and Dick and Rick have been a huge inf luence in my life. The Hoyt Foundation is supporting some of our efforts to outfit the research lab and improve accessibility features of the building," said Aylward via email. The organization partners with Worcester's MCPHS University, Fitchburg State University, UMass Lowell, Tufts University in Medford, and other schools for capstone projects and research. Aylward is the director of the Central Massachusetts Special Olympics program and is involved with the Miami-based organization I n n o v a t i o n ReWalk seeks to reclassify product as artificial legs Aug. 18 press release. A formal agreement must be completed and the medical school's accrediting bodies must approve the deal before plans move forward. A joint task force, co-chaired by Anne Larkin, vice provost and senior associate dean for education- al affairs at UMass Chan, and Anne Mosenthal, chief academic officer at Lahey Hospital & Medical Center will launch a planning process with the goal of establishing a new insti- tute for healthcare delivery science and a quantitative science research hub, to advance innovation in digi- tal medicine, population health, and healthcare delivery. UMass Chan moves to create regional campus in Burlington UMass Chan Medical School in Worcester and Lahey Hospital and Medical Center of Burlington have signed a letter of intent to establish a regional campus at Lahey Hospital. The first UMass Chan-Lahey stu- dents are expected to be enrolled in the summer of 2024, according to a Best Buddies International, which works to improve the lives of people living with intellectual and developmental disabilities. value for our shareholders. We look forward to near-term milestones that have the potential to significantly catalyze our growth via expanded reimbursement," ReWalk CEO Larry Jasinski said in a press release. For the second quarter, the company, which has facilities in Israel and Germany, said revenue was $1.6 million, up from $1.4 million in the second quarter of 2021. However, operating expenses were up $1.2 million year over year, creating a quarterly net loss of $4.4 million, compared with $3.1 million over in the second quarter of 2021. ReWalk reported cash holdings of $79.9 million. ReWalk's board of directors has approved a stock-buyback program totalling $8 million, valid through Jan. 20. The decision is still subject to approval of an Israeli court. The ReWalk Robotics Personal Prosthetic Exoskeleton 4 HE ALTH • Fall 2022 H The new location of Unified Health and Performance in Lancaster, which includes the planned Rick Hoyt Research Lab. PHOTO | COURTESY OF REWALK ROBOTICS PHOTO | COURTESY OF UNIFIED HEALTH AND PERFORMANCE

Articles in this issue

Archives of this issue

view archives of Health - Health-Fall 2022