Aclarion Announces Initial Payer Coverage of Nociscan by AXA Throughout Greater London, UK
26 Giugno 2024 - 2:30PM
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)
About Aclarion, Inc.
Aclarion is a healthcare technology company that leverages
Magnetic Resonance Spectroscopy (“MRS”), proprietary signal
processing techniques, biomarkers, and augmented intelligence
algorithms to optimize clinical treatments. The Company is first
addressing the chronic low back pain market with Nociscan, the
first, evidence-supported, SaaS platform to noninvasively help
physicians distinguish between painful and nonpainful discs in the
lumbar spine. Through a cloud connection, Nociscan receives
magnetic resonance spectroscopy (MRS) data from an MRI machine for
each lumbar disc being evaluated. In the cloud, proprietary signal
processing techniques extract and quantify chemical biomarkers
demonstrated to be associated with disc pain. Biomarker data is
entered into proprietary algorithms to indicate if a disc may be a
source of pain. When used with other diagnostic tools, Nociscan
provides critical insights into the location of a patient’s low
back pain, giving physicians clarity to optimize treatment
strategies. For more information, please visit
www.aclarion.com.
Forward Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934 about the Company's current
expectations about future results, performance, prospects and
opportunities. Statements that are not historical facts, such as
"anticipates," "believes" and "expects" or similar expressions, are
forward-looking statements. These forward-looking statements are
based on the current plans and expectations of management and are
subject to a number of uncertainties and risks that could
significantly affect the Company's current plans and expectations,
as well as future results of operations and financial condition.
These and other risks and uncertainties are discussed more fully in
our filings with the Securities and Exchange Commission. Readers
are encouraged to review the section titled "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended December
31, 2023, as well as other disclosures contained in the Prospectus
and subsequent filings made with the Securities and Exchange
Commission. Forward-looking statements contained in this
announcement are made as of this date and the Company undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Disclosure
The information stated above was prepared by Aclarion and
reflects solely the opinion of Aclarion. Nothing in this statement
shall be construed to imply any support or endorsement of Aclarion
or any of its products by The London Clinic.
Investor Contacts:Kirin M. SmithPCG Advisory,
Inc.646.823.8656ksmith@pcgadvisory.com
Media Contacts:Jodi LambertiSPRIG
Consulting612.812.7477jodi@sprigconsulting.com
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