According to Mr. Mumma, transcranial magnetic stimulation treatment saves money!
At Lancaster General Hospital in Pennsylvania, Pete Mumma, an administrative director, has analyzed the data. He’s concluded that psychiatric treatment with repetitive transcranial magnetic stimulation seems to save his hospital money.
Saving money with TMS sounds good to him.
We have been told for decades that dollars spent on psychiatric care would have otherwise been spent on other medical care. According to what Mr. Mumma has concluded, dollars spent on TMS are beneficial to the bottom line of his hospital.
It looks like TMS saves money in several ways. As you read the article we think you’ll conclude TMS is a cost reduction device.
- TMS decreases money spent on very expensive medicines such as Abilify
- TMS patients feel better, so they exercise like the cardiologist wants them to
- TMS patients have fewer emergency room visits
- TMS patients respond better to treatments for physical illnesses
- TMS patients have fewer hospital admissions
“We can spend a little money up front to treat the depression, and the patient’s cardiac care goes farther, faster,” said Mumma.
We already know transcranial magnetic stimulation may be the best way to help patients with treatment resistant major depression, or TRMD.
Patients suffering from this resistant depression are, according to Mr. Mumma, superutilizers, who consume 18 percent of a health system’s uncompensated or undercompensated spending. Thus, successfully treating depression with TMS lowers his hospital’s overall bottom line medical expenses.
According to this article, the most costly expense to employers is depression, at a cost of more than $350,000 per thousand employees.
Of course, anyone suffering from depression knows depression’s costs can’t be measured in dollars. Their families know, too.
Employers conclude that depression is bad for their bottom line, but everyone knows that suffering from depression is costly in every way.
In many ways, it’s impossible to determine the true cost of depression. The disease is a black hole.
- emotional pain
- lost wages
- low productivity
- jobs lost
- family discord
By any measure, depression is expensive.
Just looking at money, and an institution’s bottom line, administrators such as Pete Mumma have concluded that the financial cost of depression, especially depression inadequately treated, is staggering.
That isn’t only medical costs, of course, but aggregated costs of medical treatment, pharmacy expenses (medicines), absenteeism, and “presenteeism” – in which employees are still at work, but they’re not working productively. Employers want the people working for them to be productive.
All of us want to be able to work, and play, and enjoy life as well as we possibly can, and to be as productive as we possibly can, and that means being healthy.
In Augusta, depression is a huge problem no matter how you look at it. Apparently, the disease is much the same everywhere else, including Lancaster, Pennsylvania. In Pennsylvania, just like in Georgia, TMS lowers the overall costs which would otherwise be created by untreated or under treated depression.
The article about Lancaster’s use of TMS as a cost reduction device is interesting, and it points to what we’ve already concluded: When the true cost of depression is fully analyzed, TMS is a bargain.
Thousands of people in America have discovered what looks like an expensive procedure saves money in the long run!