What are the TMS Costs involved when receiving treatment?
TMS costs are one of the biggest barrier to receiving TMS treatment for depression. Afterall, TMS requires a serious commitment, with a full course of TMS spanning 30 sessions. In addition, the patient requires a minimum of three sessions a week continuously over the course of the treatment. Also a few other factors need to be considered, like working out the time required to attend sessions, transport and financial commitment.
Does Medicare help with my TMS Costs?
Currently in Australia,TMS therapy does not attract a Medicare rebate, so no part of the fees charged can be covered by medicare. Similarly private health insurers do not provide any rebates for TMS therapy. If you are a patient who has their treatment paid by Workcover or DVA, then we maybe able to assist. We can provide a letter outlining our fees to help with your application for TMS treatment costs.
Is TMS right for you?
At Sydney TMS, we feel it is important to allow people to gain as much information as possible before making a decision to start treatment. This is why we arrange for an obligation free assessment consultation with our psychiatrist to help you decide if TMS is right for you. The initial consultation lasts approximately 45-60 minutes. If at the end of this consultation you decide not to proceed with TMS, you will not be charged for this meeting.
If you do decide to proceed with the TMS treatment course you will be required to attend one planning session and thirty treatment sessions. The cost of each session is $180. However, we offer a discounted rate of $150 per session for patients receiving a pension. This is also extended to students and to those who are currently unemployed.
Treatment payments are collected retrospectively at the end of each week. For example, if you are a student and receive 3 sessions in a week, you will pay $450 (3x $150) at the end of the week for your account. The total TMS costs, involving the planning session and 30 treatment sessions will be $5580. If the discounted fee is applied the total cost is $4650.
How does TMS compare to ECT?
Although the TMS costs are expensive, there are strong arguments for its effectiveness. This is the case particularly when compared to the costs of ECT (electroconvulsive shock therapy). Click article here to review the comparisons made between the two treatment types. To read our article on treatment benefits comparing TMS to ECT please click here.
We hope that this information is comprehensive and transparent, as it is important to know the extent of your full commitment. Finally, we understand that you may have more questions in regards to funding your treatment. So please feel free to call us on 1300177144 to discuss your personal situation.