Neuronetics Forms Exclusive Three-Year Partnership with Elite DNA Behavioral Health to Enhance NeuroStar Availability and Operational Efficiency
Exclusive Partnership Announcement: Neuronetics, Inc. has entered a three-year exclusive agreement with Elite DNA Behavioral Health to provide transcranial magnetic stimulation (TMS) devices across over 30 locations in Florida, enhancing access to mental health treatment.
Enhanced Patient Support Services: The collaboration will also include expanded operational and patient-support services, allowing Elite DNA to focus on improving patient experiences while utilizing Neuronetics' Greenbrook platform.
Commitment to Mental Health Care: Both companies emphasize their shared mission to improve access to comprehensive mental health care, ensuring timely and coordinated treatment for patients suffering from severe depression.
Future Expansion Plans: The partnership is set to pilot in late 2025, with plans for further expansion in 2026, aiming to operationalize a scalable model of care for other organizations in the future.
Discover Tomorrow's Bullish Stocks Today
Analyst Views on STIM
About STIM
About the author
Three Health Care Stocks That Could Revitalize Your Portfolio This November
Oversold Stocks in Health Care: The health care sector has several oversold stocks, presenting potential buying opportunities for undervalued companies, particularly those with a Relative Strength Index (RSI) below 30.
Inotiv Inc Performance: Inotiv Inc reported strong contract awards and anticipates fourth-quarter revenue between $137.5 million and $138.5 million, despite its stock falling 38% recently, with an RSI of 26.7.
Airsculpt Technologies Update: Airsculpt Technologies faced disappointing third-quarter results and lowered its FY25 revenue outlook, leading to a 60% stock drop over the past month, with an RSI of 29.3.
Neuronetics Sales Guidance: Neuronetics cut its FY2025 sales guidance, resulting in a 40% decline in stock value over the past month, and it currently has an RSI of 23.9.
TRICARE West Broadens NeuroStar® TMS Coverage to Support Adolescents 15 and Older Facing Depression
TRICARE Coverage Expansion: Neuronetics, Inc. announced that TriWest has updated its medical policy to include TMS coverage for adolescents aged 15 and older, benefiting military families in multiple states.
Significance of TMS for Adolescents: The expansion of TMS coverage is seen as a crucial step in providing effective treatment for adolescents struggling with depression, especially given the limited medication options available.
NeuroStar's Unique Position: NeuroStar is the first TMS company with FDA clearance for adolescent treatment and has a dedicated health policy team advocating for further access to TMS therapy.
Impact on Mental Health: With an estimated 4.3 million U.S. adolescents affected by major depression, NeuroStar Advanced Therapy offers a non-invasive treatment option that can significantly improve quality of life when traditional medications fail.
