Myomo, Inc. (NYSE American: MYO) (“Myomo” or the “Company”), a wearable medical robotics company that offers increased functionality for those suffering from neurological disorders and upper-limb paralysis, announced today it has entered into its first among a series of expected network participation agreements with Elevance Health. The contracts, which include the Anthem-affiliated Commercial, Medicare Advantage, and Medicaid plans are expected to become effective on a market-by-market basis through the second quarter of 2026. Once complete, the addition of these 45 million medical members will bring Myomo’s total number of covered lives under commercial insurance plans to over 80 million.
These agreements are expected to expand access to Myomo’s MyoPro® powered arm and hand orthoses, while supporting affordability for plan members and their families on an in-network basis.
“We are pleased to partner with Elevance Health’s affiliated plans to bring the benefits of MyoPro to their members,” said Dr. Harry Kovelman, Myomo’s Chief Medical Officer. “This arrangement with Elevance reinforces our commitment to helping individuals regain function and independence through clinically proven, innovative technologies delivered in a cost-effective manner.”
About Elevance Health, Inc.
Elevance Health is a lifetime, trusted health partner fueled by its purpose to improve the health of humanity. The company supports consumers, families, and communities across the entire care journey – connecting them to the care, support, and resources they need to lead healthier lives. Elevance Health’s companies serve roughly 115 million people through a diverse portfolio of industry-leading medical, digital, pharmacy, behavioral, clinical, and complex care solutions. For more information, please visit www.elevancehealth.com or follow us @ElevanceHealth on X and Elevance Health on LinkedIn.
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