Neuronetics Announces Significant Upgrades to Its NeuroStar Software

Neuronetics, Inc. (NASDAQ: STIM), a commercial-stage medical technology company focused on designing, developing, and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, announced significant software upgrades for its NeuroStar Advanced Therapy system and TrakStar® patient data management platform. These updates are designed to enhance patient care, streamline clinical operations, and strengthen data security for NeuroStar providers.

NeuroStar Advanced Therapy is a noninvasive, outpatient treatment for depression, targeting specific areas of the brain responsible for mood regulation. Unlike traditional antidepressants, which affect the entire body, NeuroStar directly stimulates underactive brain synapses to restore normal function. With over 6.6 million treatments delivered to more than 182,000 patients, NeuroStar has demonstrated an 83% response rate and a 62% remission rate, offering a promising alternative for those who haven’t found relief through medication. Depression rates are reaching all-time highs, with 29% of Americans reporting a depression diagnosis at some point in their lives, according to Gallup.

Key updates include:

• Enhanced Patient Communication: New CRM features automate SMS and email communications, providing personalized guidance and secure insurance card uploads to streamline claims processing.
• Expanded Clinical Surveys: Practices can access a wider range of automated surveys, enabling real-time monitoring of patient well-being and improving tailored care.
• Advanced Data Capture: The NeuroStar system now synchronizes critical clinical data with TrakStar, improving accuracy and automating tracking.
• Improved Security: The proactive operating system updates enhance data security and encryption, safeguarding patient information and communications.

Last month, Neuronetics celebrated the two-year anniversary of NeuroStar University, which has trained over 678 providers, improving patient care and clinical outcomes.