Aclarion Achieves Milestone With Key Second Payer Coverage of Nociscan by Aviva Throughout Greater London, UK
09 Juillet 2024 - 1:00PM
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 an additional key milestone with their second payer
coverage of Nociscan by Aviva in London, UK in conjunction with The
London Clinic, one of the UK’s largest and most renowned
independent hospitals. Aviva is a leading provider of private
medical insurance in the UK and joins private medical insurance
provider, AXA, in covering Nociscan for patients suffering from
chronic low back pain.
“This second payer coverage decision builds the momentum we
expect to see in markets once one payer recognizes the advantages
of paying for Nociscan,” said Brent Ness, CEO of Aclarion. “When
you look at other diagnostic companies that market imaging combined
with AI decision support solutions, you tend to see steady product
adoption and value creation once payer coverage decisions are
secured. HeartFlow in the cardiology space is a perfect example.
Similar to Aclarion, they received their first payer coverage
decision in the UK and were able to parlay that into a steady march
towards standard of care and tremendous value creation for
investors. I was a member of the early commercial development team
at HeartFlow and intend to apply the same successful formula to
Aclarion where we are addressing the larger market of low back
pain. We welcome the second vote of confidence and key validation
from UK payers and look forward to more.”
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. Aviva is one of
the four leading private medical insurers in the UK with an
estimated 14% of the private medical insurance market and an
estimated 1.2 million insured customers. By joining AXA, the 2nd
largest private medical insurer with roughly a 30% market share and
3 million covered lives, Nociscan is now available to 45% of
patients with private insurance in the greater London area.
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. Low
back pain has been estimated to affect up to one third of the UK
adult population each year. Aclarion’s Nociscan solution is the
first evidence-supported SaaS platform to noninvasively help
physicians distinguish between painful and nonpainful discs in the
lumbar spine. Nociscan objectively quantifies chemical biomarkers
demonstrated to be associated with disc pain. Biomarker data is
entered into proprietary algorithms to highlight 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.
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
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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