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Neuronetics Announces Updated Medicare Policy Expanding Access to NeuroStar TMS Therapy through Nurse Practitioners
NGS MAC Allows Non-Physician Practitioners with Autonomy to Prescribe TMS MALVERN, Pa., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a
About this update from Neuronetics, Inc.
[{"type":"text","content":"NGS MAC Allows Non-Physician Practitioners with Autonomy to Prescribe TMS\nMALVERN, Pa., Feb. 10, 2023 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ: STIM), a commercial stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced a healthcare policy update from National Government Services, Inc. (NGS) that increases access for patients to its NeuroStar® Advanced Therapy for Mental Health transcranial magnetic stimulation (TMS). The NGS policy, effective April 1, 2023, will allow non-physician practitioners (NPPs) who are within their scope of practice to order and provide TMS treatment to their patients with major depressive disorder (MDD). “We recognize and appreciate the significant role psychiatric nurse practitioners have in delivering mental healthcare and are already focused on making NeuroStar available in NPP practices,” stated Keith J. Sullivan, President, and CEO of Neuronetics Inc. “Our health policy team is committed to partnering with our providers and payers to expand coverage policies and allow more patients to have access to potentially life-saving treatments like NeuroStar TMS.” NGS is the Medicare Administrative Contractor for 6.3 million covered lives in MN, WI, IL, NY, NH, VT, ME, MA, RI, and CT. An additional update in the revised NGS policy is a lower medication requirement – reduced from four failed medications to two prior to TMS treatment. “Especially now, with a nationwide mental health crisis and a shortage of mental healthcare providers, psychiatric nurse practitioners are often a patient’s go-to provider for diagnosis and treatment,” said Akos Antwi, Psychiatric Mental Health Nurse Practitioner at Revive Therapeutic Services. “Empowering NPs with the tools they require, like NeuroStar TMS, can only improve the level of care for these patients who need help.” Major depressive disorder (MDD) is a serious issue that affects 21 million adults in the United States, with 6.4 million people being underserved by antidepressant medication. NeuroStar TMS is a non-drug treatment that can help alleviate the burden of drug-resistant depression. Neuronetics is the only TMS company in the industry with a dedicated health policy team that partners with both providers and payers to advoca...