Clearwave Spravato Financial Policy
Charges for Spravato (Esketamine) Therapy:
1.Spravato (Esketamine) ("Spravato") therapy is provided by TMS Medical of the Hudson Valley, P.C. d/b/a Clearwave TMS Medical ("Clearwave TMS" Clearwave TMS's standard fee schedule is as follows:
- Small Dose (56 mg) - $1,800.00 per unit
- Large Dose (84 mg) - $2,300.00 per unit
2. The typical course of treatment for Spravato is twice per week for the first four weeks, followed by once per week for four weeks, followed by either weekly or bi-weekly treatments.
Insurance Coverage for Spravato Therapy:
1. Many insurers provide coverage for Spravato therapy based on specific conditions and treatmentprotocols and often require prior authorization before beginning treatment. While our team can assist in obtaining prior authorization for treatment and can assist with obtaining an estimate for the out-of-pocket cost of coverage, it is ultimately your responsibility to verify insurance benefits and determine if you have coverage based on your diagnosis and particular benefit plan and how much treatment will cost you out of pocket. Please be aware thatauthorization only determines that the requested service is medically necessary and does not guarantee payment of benefits or that your insurance will pay the full amount of Clearwave TMS's charges. Payment is also subject to the terms of your health plan at the time services are delivered and benefit limitations and/or exclusions. Moreover, if your health plan later determines that treatment was not medically necessary, you will be responsible for any amounts denied by your health plan. Any estimates provided by Clearwave TMS for your out-of-pocket costs are only provided as a courtesy and Clearwave TMS cannot guarantee that the estimated out-of-pocket cost will be equal to amount you actually owe under your insurance plan. You are responsible for all Clearwave TMS charges for your care.
2. To the extent Clearwave TMS has reached an agreement with your insurance company regarding your treatment - either because Clearwave TMS is in-network with your insurance company or because Clearwave TMS has reached a separate agreement regarding your TMS treatment - you hereby authorize Clearwave TMS to bill your insurance company for those services and for your insurance company to pay such sums directly to Clearwave TMS. If your insurance company remits such payment to you directly, you shall redirect such payment to Clearwave TMS as soon as possible.
3. For self-pay, out-of-network, and off-label care, payment is due in full at the time of the initial course of therapy. If your insurance carrier approves coverage of Spravato therapy, we will collect any copayments, coinsurance and deductibles required under your insurance plan based on ouractual charges. Please be aware that our charge to insurance may differ from our charge for self-pay patients and the amount your insurance company approves may differ from our actual charge. You are responsible for payment of our actual charge.
4. If coverage of Spravato therapy is denied and you would like to appeal the denial, your insurance carrier may require a letter of medical necessity. We will provide you with a letter upon request.
Cancellation Policy
1. In order for Spravato therapy to be effective, it should be performed on a routine basis for the complete treatment protocol. For self-pay patients, we will refund payment ONLY if we receive notice of cancellation at least seven (7) days before the date your initial (acute phase) treatment is scheduled to begin. No refunds will be given within seven (7) days before you are scheduled to start the initial, acute phase, treatment block.
2. Missing any treatment could affect your response to Spravato and is not advisable. If you fail to cancel a particular day's Spravato treatment within 24 hours of that treatment, you will be charged a cancelation fee of $50.00. Clearwave TMS, in its sole discretion, may choose to waive or reduce this cancellation fee, however, any waiver or reduction in cancellation fee shall not be deemed a change in the Cancellation Policy and Clearwave TMS reserves the right to enforce its Cancellation Policy on all subsequent missed treatments. Please be advised that most insurance companies do not reimburse for missed appointments and therefore you will likely be personally responsible for any assessed cancellation fee.
Payment Requirements
1. All patients must have a valid credit card on file while undergoing Spravato therapy. By signing this acknowledgement, you hereby provide Clearwave TMS the authorization to charge your credit card for all sums owed at the time they become due, including applicable deductibles, copays, co-insurances and balance bills.
2. The patient is ultimately responsible for payment for Spravato therapy. We accept most forms of payment. Payment for Spravato therapy should be made to TMS Medical of the Hudson Valley, P.C. Returned checks will becharged the entire amount plus a $25 return check fee. Late payments will be charged interest at the rate of 1% per whole or partial month the payment is overdue, or 5% of the total bill, whichever is greater.
3. If you fail to timely make required payments, Clearwave TMS reserves the right to pursue any and all means to collect outstanding payments. If Clearwave TMS incurs any attorneys' fees and costs in its collections efforts, you shall be responsible for reimbursing 1 Clearwave TMS for all attorneys' fees and costs incurred to the extent permitted by law.
Patient Acknowledgement
I acknowledge I have read this document and have been given an opportunity to ask questions. My questionshave been answered to my satisfaction. A copy of this form has been made available