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Aclarion Announces Initial Payer Coverage of Nociscan by AXA Throughout Greater London, UK

Aclarion, Inc.
4 min read

In This Article:

AXA is the 2nd Largest Provider of Private Medical Insurance in the UK

Payer Coverage is the Most Important Catalyst Aclarion can Achieve to Drive Volume and Revenue

AXA Represents the First Insurance Company to Approve Payment for Nociscan

BROOMFIELD, CO, June 26, 2024 (GLOBE NEWSWIRE) -- Aclarion, Inc., (“Aclarion” or the “Company”) (Nasdaq: ACON, ACONW), a healthcare technology company that is leveraging biomarkers and proprietary augmented intelligence algorithms to help physicians identify the location of chronic low back pain, announced today their initial payer coverage of Nociscan by AXA in London, UK in conjunction with The London Clinic, one of the UK’s largest and most renowned independent hospitals. AXA is a leading provider of private medical insurance in the UK.

“Securing first payer coverage is the most significant milestone Aclarion has achieved to date,” said Brent Ness, CEO Aclarion. “This is a monumental step in launching widescale commercialization efforts at Aclarion. Nothing becomes standard of care in healthcare without reimbursement and we have now validated our strategy in one of the largest, most sophisticated healthcare markets in the world.  We anticipate additional coverage decisions in the weeks to come and will be filling reimbursed markets with sales teams trained to drive adoption.  We are very committed to serving the needs of the patients covered by this AXA payer decision.  Evidence to date demonstrates that when Nociscan is incorporated into the treatment plan, outcomes significantly improve.  This evidence and our physician support is why other payers will be following AXA's example."

In the UK, self-pay and private medical insurance are estimated to represent nearly 70% of private hospital revenues, with private medical insurance becoming increasingly popular. AXA is one of the four leading private medical insurers in the UK with an estimated 30% of the private medical insurance market and an estimated 3 million insured customers.

The London Clinic and their expert spine physicians have adopted Nociscan as an important decision support tool to be used when diagnosing and treating their chronic low back pain patients. The AXA coverage decision expands access to Nociscan for insured patients for the first time.

For more information about The London Clinic, please visit: www.thelondonclinic.co.uk

For more information about the London Spine Clinic, please visit: www.londonspineclinic.com

For more information about AXA, please visit: AXA - Global Healthcare: global health insurance (axaglobalhealthcare.com)

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