BrainsWay Secures First Insurance Coverage for Accelerated Deep TMS™ Protocol

summarizeSummary

BrainsWay announced that Premera Blue Cross Blue Shield will cover its accelerated SWIFT™ Deep TMS™ protocol for moderate to severe major depressive disorder, marking the first such policy from a payer.

check_boxKey Events

• First Accelerated Deep TMS™ Coverage

  Premera Blue Cross Blue Shield adopted a new medical policy covering BrainsWay's accelerated SWIFT™ Deep TMS™ protocol for moderate to severe major depressive disorder in patients aged 15 and older.

• Expanded Market Access

  This policy marks the first time a payer has covered the SWIFT™ protocol, which offers significantly fewer clinic days, potentially accelerating patient improvement and increasing adoption.

• Significant Payer Reach

  Premera Blue Cross Blue Shield covers over 2.8 million lives across Alaska and Washington state, representing a substantial market opportunity for BrainsWay.

auto_awesomeAnalysis

This is a highly significant development for BrainsWay, as securing the first insurance coverage policy for its accelerated SWIFT™ Deep TMS™ protocol from Premera Blue Cross Blue Shield opens a new pathway for market adoption and revenue growth. The policy, covering 2.8 million lives, validates the efficacy of the accelerated treatment and reduces barriers to access for patients aged 15 and older with major depressive disorder. This milestone could encourage other payers to follow suit, significantly expanding the addressable market for BrainsWay's innovative therapy.