LogicMark Secures Approval to Provide Essential Safety Devices Through Medicaid Waiver Programs to Seniors in Key States
LogicMark (NASDAQ: LGMK) has secured approval to provide Personal Emergency Response Systems (PERS) through Medicaid Waiver Programs in six states: Colorado, Oregon, Idaho, Utah, Nevada, and South Dakota. The program enables eligible seniors to receive full or partial reimbursement for monthly monitoring fees when leasing LogicMark's medical alert devices.
The initiative covers two devices: the Freedom Alert Mini and Freedom Alert Max. The Max, their most advanced device, features over-the-air updates, medication reminders, geofencing, fall detection, and 24/7 monitoring. The Mini includes patented fall detection technology and geofencing capabilities.
Eligible individuals must verify their Medicaid eligibility and obtain medical justification before submitting a Prior Approval Application, typically with caseworker assistance. The company plans to expand this Medicaid waiver program throughout the U.S. in 2025.
LogicMark (NASDAQ: LGMK) ha ottenuto l'approvazione per fornire Sistemi di Risposta Personale alle Emergenze (PERS) attraverso i Programmi di Esenzione Medicaid in sei stati: Colorado, Oregon, Idaho, Utah, Nevada e Dakota del Sud. Il programma consente agli anziani idonei di ricevere un rimborso totale o parziale per le spese mensili di monitoraggio quando noleggiano i dispositivi di allerta medica di LogicMark.
L'iniziativa copre due dispositivi: il Freedom Alert Mini e il Freedom Alert Max. Il Max, il loro dispositivo più avanzato, è dotato di aggiornamenti over-the-air, promemoria per i farmaci, geofencing, rilevamento delle cadute e monitoraggio 24/7. Il Mini include tecnologia brevettata per il rilevamento delle cadute e capacità di geofencing.
Le persone idonee devono verificare la loro idoneità a Medicaid e ottenere una giustificazione medica prima di presentare una Domanda di Approvazione Previa, solitamente con assistenza di un assistente sociale. L'azienda prevede di espandere questo programma di esenzione Medicaid in tutto il paese nel 2025.
LogicMark (NASDAQ: LGMK) ha obtenido la aprobación para proporcionar Sistemas de Respuesta Personal a Emergencias (PERS) a través de los Programas de Exención de Medicaid en seis estados: Colorado, Oregón, Idaho, Utah, Nevada y Dakota del Sur. El programa permite a los ancianos elegibles recibir reembolsos totales o parciales por las tarifas de monitoreo mensual al alquilar los dispositivos de alerta médica de LogicMark.
La iniciativa cubre dos dispositivos: el Freedom Alert Mini y el Freedom Alert Max. El Max, su dispositivo más avanzado, cuenta con actualizaciones por aire, recordatorios de medicamentos, geovallas, detección de caídas y monitoreo 24/7. El Mini incluye tecnología patentada para la detección de caídas y capacidades de geovalla.
Las personas elegibles deben verificar su elegibilidad para Medicaid y obtener justificación médica antes de presentar una Solicitud de Aprobación Previa, generalmente con la asistencia de un trabajador social. La empresa planea expandir este programa de exención de Medicaid en todo Estados Unidos en 2025.
LogicMark (NASDAQ: LGMK)는 여섯 개 주: 콜로라도, 오리건, 아이다호, 유타, 네바다, 사우스다코타에서 메디케이드 면제 프로그램을 통해 개인 긴급 반응 시스템(PERS)을 제공할 수 있는 승인을 확보했습니다. 이 프로그램은 자격을 갖춘 노인이 LogicMark의 의료 경고 장치를 임대할 때 월별 모니터링 요금에 대한 전액 또는 일부 환급을 받을 수 있도록 합니다.
이 initiative는 두 가지 장치를 포함합니다: Freedom Alert Mini와 Freedom Alert Max. Max는 가장 고급 장치로, 공중 업데이트, 약 복용 알림, 지오펜싱, 낙상 감지 및 연중무휴 모니터링 기능이 있습니다. Mini는 특허받은 낙상 감지 기술과 지오펜싱 기능을 포함합니다.
자격이 있는 개인은 메디케이드 자격을 확인하고 사전 승인을 요청하기 전에 의학적 정당성을 얻어야 하며, 일반적으로 사례 관리자의 지원을 받습니다. 회사는 2025년까지 미국 전역에 이 메디케이드 면제 프로그램을 확대할 계획입니다.
LogicMark (NASDAQ: LGMK) a obtenu l'approbation pour fournir des Systèmes de Réponse Personnelle aux Emergences (PERS) à travers les Programmes d'Exemption de Medicaid dans six états : Colorado, Oregon, Idaho, Utah, Nevada et Dakota du Sud. Le programme permet aux seniors éligibles de recevoir un remboursement total ou partiel pour les frais de surveillance mensuels lors de la location des dispositifs d'alerte médicale de LogicMark.
L'initiative couvre deux dispositifs : le Freedom Alert Mini et le Freedom Alert Max. Le Max, leur dispositif le plus avancé, est équipé de mises à jour par voie aérienne, de rappels de médicaments, de géofence, de détection de chutes et de surveillance 24 heures sur 24, 7 jours sur 7. Le Mini comprend une technologie de détection des chutes brevetée et des capacités de géofencing.
Les personnes éligibles doivent vérifier leur éligibilité à Medicaid et obtenir une justification médicale avant de soumettre une Demande d'Approbation Préalable, généralement avec l'aide d'un travailleur social. L'entreprise prévoit d'étendre ce programme d'exemption Medicaid à travers les États-Unis en 2025.
LogicMark (NASDAQ: LGMK) hat die Genehmigung erhalten, Persönliche Notrufsysteme (PERS) über Medicaid-Entlassungsprogramme in sechs Bundesstaaten: Colorado, Oregon, Idaho, Utah, Nevada und South Dakota anzubieten. Das Programm ermöglicht berechtigten Senioren, eine vollständige oder teilweise Erstattung der monatlichen Überwachungsgebühren beim Mieten der medizinischen Alarmgeräte von LogicMark zu erhalten.
Die Initiative umfasst zwei Geräte: den Freedom Alert Mini und den Freedom Alert Max. Der Max, ihr fortschrittlichstes Gerät, bietet Over-the-Air-Updates, Medikamentenerinnerungen, Geofencing, Sturzerkennung und 24/7-Monitoring. Der Mini umfasst patentierte Sturzerkennungstechnologie und Geofencing-Funktionen.
Berechtigte Personen müssen ihre Medicaid-Berechtigung überprüfen und eine medizinische Begründung einholen, bevor sie einen Antrag auf vorherige Genehmigung stellen, in der Regel mit Unterstützung eines Fallarbeiters. Das Unternehmen plant, dieses Medicaid-Entlassungsprogramm bis 2025 in den gesamten USA auszubauen.
- Secured Medicaid Waiver Program approval in six states, enabling reimbursement for device monitoring fees
- Expansion reduces financial barriers for fixed-income seniors to access safety devices
- Company plans nationwide expansion of Medicaid waiver program in 2025
- None.
Insights
This Medicaid Waiver integration represents a strategic market expansion for LogicMark into the government-subsidized healthcare sector. The approval across six states opens up access to approximately 2.5 million Medicaid beneficiaries aged 65 and older in these regions. For a micro-cap company with a market cap of just
The business model shift from direct consumer sales to government-reimbursed services provides more stable and predictable revenue. Monthly monitoring fees typically range from
The inclusion of LogicMark's devices in Medicaid Waiver programs positions them competitively against larger players like Philips Lifeline and ADT Health. The Freedom Alert Max's advanced features like medication reminders and fall detection technology address critical needs in the senior care market. The over-the-air update capability ensures the platform can evolve with changing requirements and maintain compliance with healthcare regulations.
The PERS market is projected to reach
The new program will enable seniors in Colorado, Oregon, Idaho, Utah, Nevada, and South Dakota to receive reimbursement for monthly monitoring fees when leasing LogicMark’s Personal Emergency Response Systems (PERS)
LOUISVILLE, Ky., Jan. 14, 2025 (GLOBE NEWSWIRE) -- LogicMark, Inc. (Nasdaq: LGMK), a provider of personal emergency response systems (PERS), health communications devices, and technology for the growing personal care and safety economy, today announced expanding access to its safety devices through the Medicaid Waiver system in Colorado, Oregon, Idaho, Utah, Nevada, and South Dakota. This new government integration will enable eligible individuals to receive full or partial reimbursement for monthly monitoring fees when leasing LogicMark’s medical alert devices.
Eligible seniors can now access LogicMark’s renowned safety devices without incurring significant out-of-pocket costs. This initiative will help mitigate the financial barriers many fixed-income individuals face in accessing essential safety devices. The reimbursement amount, eligibility, and processes will vary by state and cover LogicMark’s Freedom Alert Mini and the Freedom Alert Max devices. This expansion into the Medicaid Waiver Program will also support caregivers by giving them better peace of mind in ensuring the safety of their aging loved ones.
“We are thrilled to announce this integration with Medicaid as our aging populations deserve the utmost care without sacrificing new technologies & innovations because of cost,” said Chia-Lin Simmons, President and CEO of LogicMark. “This expansion strengthens our ability to empower seniors to live independently and safely in their homes, ultimately enhancing their quality of life and helping ease the mountain of responsibilities caregivers face in protecting their loved ones. Expanding the access to LogicMark products via the Medicaid waiver program throughout the U.S. is a major initiative for 2025, with a focused team dedicated to working closely with state and federal governments to get seniors the care they need.”
The Medicaid Waiver program provides long-term care for individuals who prefer support at home rather than in institutions. These waivers enable states to adjust some Medicaid rules and offer various medical and non-medical services and options to help individuals transition from institutions to their homes and communities.
Medicaid enrollees must first verify their eligibility and obtain medical justification to apply for medical alert device reimbursement. Then they can submit a Prior Approval Application, often facilitated by their caseworker. By working closely with their caseworker, applicants can streamline the process and ensure quicker, more efficient approvals. Specific application procedures may vary by state, so enrollees should contact their local Medicaid office for detailed information on medical alert coverage and reimbursement in their area.
LogicMark most recently launched its most advanced medical alert device, the Freedom Alert Max, one of the two devices included in this program. It provides regular over-the-air updates, new features, and improvements, such as medication reminders, geofencing, and fall detection. An on-the-go device ready to use out of the box, the Freedom Alert Max provides 24/7 monitoring, meaning that help is always available to dispatch emergency services or alert caregivers that their assistance is needed. The other on-the-go device in this program, the Freedom Alert Mini, allows seniors to communicate directly with emergency services and includes patented fall detection technology, geofencing, and more.
About LogicMark, Inc.
LogicMark, Inc. (Nasdaq: LGMK) is on a mission to let people of all ages lead a life with dignity, independence, and the joy of possibility. The company provides personal safety devices, personal emergency response systems (PERS), software apps, health communications devices, services, and technologies to create a Connected Care Platform. Made up of a team of leading technologists with a deep understanding of IoT, AI, and machine learning and a passionate focus on understanding consumer needs, LogicMark is dedicated to building a 'Care Village' with proprietary technology and creating innovative solutions for the care economy. The Company's PERS technologies are sold through the United States Veterans Health Administration, dealers, distributors, and direct-to-consumer channels. LogicMark was awarded a contract by the U.S. General Services Administration that enables it to distribute its products to federal, state, and local governments. For more information, visit LogicMark.com and investors.logicmark.com.
Media Contact:
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Investor Contact:
investors@logicmark.com
FAQ
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