Currently Medicare Australia does not cover TMS therapy costs. However, patients receiving TMS treatment in hospital can receive Medicare rebates.
There are many advantages of TMS including cost effectiveness when compared to antidepressants.
In an article published in October 2017, TMS therapy was more cost effective than antidepressant medication. The research focused on those with Major Depressive Disorder. (Article: Cost effectiveness analysis of comparing repetitive magnetic stimulation to antidepressant medications after a first treatment failure for major depressive disorder in newly diagnosed patients – A lifetime analysis. Jeffrey Voigt, Linda Carpenter, Andrew Leuchter, PLoS ONE).
We are hopeful that Medicare will change its position in the future.
Please keep in regular contact with Sydney TMS through our website or social media pages. We will provide news updates should the situation change.
There are also many advantages for patients with depression to receive TMS therapy. Including; minimal side effects, no hospitalisation and its safe & effectiveness. It is also very well tolerated. TMS is more successful for those who have failed two or more antidepressant trials.
It is our goal at Sydney TMS to make this treatment available to as many patients as possible. To support our goal, we are offering the most competitive fees possible. Our staff will provide you with our treatment plans with different fee structures. If you are serious about TMS treatment, contact our staff to arrange a free consultation.
Patients who have their medical expenses covered by the Department of Veterans Affairs or Workcover may have the cost of TMS covered. Contact our staff to discuss your individual situation. We will arrange for an initial consultation to determine if TMS is the right treatment for you.
A full course of TMS spans 30 sessions. Patients can receive between 3 to 10 sessions a week. The exact number is determined by the patient and the treating clinic. It really depends on how much time the patient has available and session times available. Cost will depend on the number of sessions. Contact us to discuss your individual requirements.
Sydney TMS also offers maintenance TMS therapy. This is assessed on an individual basis following the initial treatment course.
Our payment plans are available for both the initial course and for TMS maintenance.
A small amount of private health insurance companies cover the costs of outpatient TMS. However, terms and conditions do apply. If we can assist you with determining if you have cover, please contact us. TMS therapy has now helped many people with Major Depressive Disorder. We recommend that you keep in touch with Sydney TMS as new updates arise.
TMS may seem expensive but it is considered to be a cost effective treatment alternative. (Please refer to the related article by Voigt, Carpenter, Leuchter “Cost effectiveness of comparing rTMS”). Not only did the article find TMS to be more cost effective than antidepressants. It also found TMS to be clinically more effective for treatment resistant depression.
We can offer a payment plan to assist those who require support for their treatment. This payment plan provides the opportunity to pay for their treatment over time.
Our staff will guide you through all the costs involved before you decide if TMS is right for you. It is important to us that you feel comfortable about the therapy before you start so knowledge is key. They will also provide you with the information you need to know about the treatment and how to get the most out of it. Take advantage of our initial assessment with our psychiatrist to help you decide. Is TMS is right for you? Call us on 1300 177 144.