SOURCE: BioElectronics Corporation

January 18, 2011 09:00 ET

BioElectronics' Surgery and Wound Care Products Now Reimbursable

RecoveryRx™ Is Now Reimbursable in the Netherlands

FREDERICK, MD--(Marketwire - January 18, 2011) - BioElectronics Corp. (PINKSHEETS: BIEL), the maker of inexpensive, disposable drug-free anti-inflammatory devices, today announced that its RecoveryRx brand is now fully reimbursable by all insurance providers in the Netherlands. The primary indication of use for RecoveryRx is for wound treatment -- both post-operative and chronic.

The Hodes® Group (www.hodes.nl), the official distributor for RecoveryRx in Netherlands, expects to quickly and effectively introduce RecoveryRx to the nation's hospitals now that the patient cost objection has been overcome by achieving a reimbursable status for the product. 

"We are excited about the quick reimbursement process and the important progress that The Hodes Group is achieving in Netherlands," said Arnon Horev, VP of Sales at BioElectronics. "As Netherlands has approximately 100 relevant hospitals for RecoveryRx, we believe this reimbursement will be very beneficial to our sales volume in Netherlands."

"The early results achieved with the RecoveryRx Clinical Evaluation in several hospitals caused a very favorable response with high satisfaction among physicians, nurses and patients," said Cristel W. Hodes, Director at The Hodes Group. "With the reimbursement and early success with the patients, we are pleased to distribute RecoveryRx in the medical arena and continue providing excellent service to our customers."

The Hodes Group was founded in 1965. Hodes delivers a full package of medical accessories with a primary focus on ostomy, continence and wound care. Additionally, Hodes acts as a wholesale supplier of medical consumables for hospitals and other medical care institutions throughout the Netherlands. The Hodes Group became the exclusive distributor of RecoveryRx in the Netherlands, during the second half of 2010. For more information about Hodes, visit www.hodes.nl.

About BioElectronics Corporation
BioElectronics Corporation is the award winning medical device developer and manufacturer of advanced medical devices. Its products are ActiPatch® Therapy, for over-the-counter treatment of back pain and other musculoskeletal complaints, the Allay™ menstrual cycle pain therapy, and RecoveryRx for surgical procedures and wound care. The unique therapy delivery system, using patented technology, provides a cost-effective home care to reduce soft tissue pain and swelling. For more information, please see www.bielcorp.com.

Contact Information

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    Hanni Itah
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    (847) 415-9324