New Data Demonstrate the Health Economic Benefits of Nevro’s High-Frequency Spinal Cord Stimulation Therapy
Nevro Corp. (NYSE: NVRO), a global medical device company that is delivering comprehensive, life-changing solutions for the treatment of chronic pain, today announced the publication of new data validating the health economic benefits of 10 kHz Therapy™, Nevro’s proprietary high-frequency,10 kHz spinal cord stimulation (SCS) therapy. This data was derived from studies and analyses that evaluated health care utilization (HCU) – doctor visits, medical procedures, tests and emergency room visits, and medication costs – and related cost data, including inpatient and outpatient service, medication, and out-of-pocket costs.
Results from a study evaluating the effect of 10 kHz Therapy on resources needed to manage and care for patients with painful diabetic neuropathy (PDN) were published in the Journal of Managed Care & Specialty Pharmacy. Study participants were randomly assigned to 10 kHz Therapy or conventional medical management (CMM), with outcomes measured at six months. Results showed that the 10 kHz Therapy arm experienced about half the mean rate of hospitalizations per patient compared to the CMM group (0.08 vs. 0.15). Additionally, the CMM group’s total healthcare costs per patient were approximately 51 percent higher compared to the 10 kHz Therapy group (equivalent to a mean annual cost per patient of $9,532 vs. $6,300).
“This new research underscores the financial and resource cost of treating patients with PDN – a patient population that has long gone without effective treatment options provided by today’s standard of care,” said David Caraway, MD, chief medical officer at Nevro. “I am grateful to the study researchers, who have provided managed care organizations with real-world data to help improve the treatment options available for patients with refractory PDN.”
This latest publication comes on the heels of other recent studies, which add to the robust body of evidence to support 10 kHz Therapy for the treatment of both PDN and chronic nonsurgical back pain.