What is the cost for TMS Therapy?
We will review the other multiple options of payment for TMS during your consultation.
Possible financing options:
Cost of Depression
Many of us are familiar with the symptoms of depression—suicidal thoughts, fatigue, lack of concentration and more. What most of us don’t recognize are the financial ramifications. Simply put, it is very expensive to suffer from depression, and those who do face challenges as a result of:
- loss of employment
- expensive spending sprees in an attempt to "feel better"
- a loss of time spent with friends and loved ones, which may be the most detrimental
In 2000, it was estimated that depression caused an economic burden of over $83 billion in the U.S. alone. This number is likely to have increased significantly over the past decade.
Treatment Resistant DepressionWith treatment-resistant depression, the impact can be even more severe. When an individual's mental health does not improve with medication, it can lead to a loss of productivity, unemployment, family estrangement, and increased costs for caregivers. Treatment-resistant depression also tends to linger, creating more long-term challenges. Paired with the costs of physical ailments, such as heart disease and stroke which occur more frequently among people with depression, the price of ineffective treatment rises dramatically.
In short, treating depression is an investment. It's one that may have high up-front costs, but those costs are nothing compared to the long-term interpersonal and economic effects that result from not getting (or getting ineffective) treatment. And it's an investment that can make a positive change.
Cost-benefit analysis of TMS for Depression
TMS (Transcranial Magnetic Stimulation) is the kind of investment that can effect positive change
for people with medication-resistant depression. It is clinically proven to be both effective and
safe, using magnetic fields – similar to an MRI – to improve a very specific area of the brain
involved in mood regulation.
TMS lets patients with treatment-resistant depression avoid medication-related:
- weight gain
- lack of concentration
- sexual dysfunction
- other negative side effects
all while promoting better performance at work and enhancing personal relationships.
In a 2008 study supported by the National Institute of Mental Health (NIMH), TMS was found to be cost-effective even when reimbursements by insurance companies were as high as $400 per session. When gains in personal productivity and a reduction in health care costs were factored in, TMS was proven to be even more cost effective in the long run. Because TMS can provide such significant relief and is being used by more and more patients, insurance companies are often providing up-front coverage, rather than requiring claims to be filed for reimbursement.