United HealthCare Optum Expands Access to TMS Treatment

Neuronetics, Inc

MALVERN, PA — Neuronetics, Inc. (NASDAQ: STIM)announced recent criteria changes by United HealthCare (UHC) Optum to their commercial plans that increase eligibility for depression patients to receive treatment with NeuroStar Advanced Therapy for Mental Health transcranial magnetic stimulation (TMS).

Optum, the benefit manager for United Healthcare’s behavioral health services, revised the criteria in their TMS coverage policy that now reduces the number of prior medication failures for TMS eligibility from four down to two and removes the requirement for a trial of an evidence-based psychotherapy. As the largest health insurer in the nation, United Healthcare commercial policies cover 23.8 million lives. For qualifying criteria, refer to the Optum Behavioral Health Solutions Clinical Policy for Transcranial Magnetic Stimulation here.

“Depression is the leading cause of disability worldwide, so it speaks volumes to the people struggling every day that healthcare payers are responding by increasing access to mental health treatments like NeuroStar TMS,” said Keith J. Sullivan, President and CEO of Neuronetics. “As the largest insurer in the United States, UHC Optum can make a real difference in helping to alleviate the burden of drug-resistant depression.”

Neuronetics has previously announced favorable TMS coverage updates, most recently an NGS Medicare policy update in February 2023. Neuronetics is the only TMS company in the industry with a dedicated health policy team that partners with both providers and payers to advocate for health policy changes.

For more information about NeuroStar TMS Therapy, visit www.NeuroStar.com.

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