GlobeNewswire

Aclarion Hits Another Key Milestone by Adding Vitality - Third Major Payer to Cover Nociscan in Greater UK

Aclarion, Inc.
5 min read

In This Article:

  • Vitality is a top 4 Provider of Private Medical Insurance in the UK.

  • Aclarion now has Payer Coverage From 3 of the 4 Largest Private Health Insurers in the UK.

  • Nearly 60% of all Patients With Private Health Insurance in the Greater London Market now Have Access to Aclarion’s Nociscan.

BROOMFIELD, CO, Aug. 13, 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 third payer coverage of Nociscan by Vitality in London, UK in conjunction with The London Clinic, one of the UK’s largest and most renowned independent hospitals. With the addition of coverage by Vitality, payer coverage for Nociscan is now available from three major private medical insurance groups in the UK, a global healthcare market with more than nine million residents.

“With three of the top four private payer systems in greater London covering Nociscan, we expect to see further coverage and strong product adoption in the UK market,” said Brent Ness, CEO of Aclarion. “These coverage decisions support the movement of Nociscan into the standard of care and further validate our strategy of partnering with strong clinical leaders in each market to let them see the value of our technology for improving surgical decisioning and then supporting these clinical leaders as they take Nociscan to the payers for coverage. The London Clinic team saw the value in Nociscan after only 20 patients and have thus far delivered payer coverage from 3 of the top 4 private health insurance payers in the market. We expect to replicate The London Clinic success in driving payer coverage at each of our 10 KOL sites in the U.S. and elsewhere around the world.”

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. Vitality is one of the four leading private medical insurers in the UK with an estimated 13% of the private medical insurance market and an estimated one million insured customers. By joining AXA and Aviva in covering Nociscan, almost 60% of the patients with private insurance now have access to Nociscan.

John Lorbiecki, Aclarion CFO, added, “These significant payer coverage decisions represent a sea change in our business. Every medical technology or services company faces the same dilemma of bringing new products to market. Without insurance companies paying for a technology or service, the revenue challenge is obvious. As soon as insurance companies recognize new innovations with an assigned payment, the economics change considerably. We now have a clear path to commercialization in the UK and will be allocating resources accordingly.”

and

Recommended Stories