According to serial entrepreneur Ara Chackerian, one of the biggest problems facing the healthcare market is that doctors are not allowed to be doctors. Often there is too much red tape and it adversely affects innovative treatments causing them to stall. Take Transcranial Magnetic Stimulation for instance. The innovative device-centered treatment uses electromagnetic waves to stimulate the brain. It is believed that it can successfully combat treatment-resistant depression and possibly other conditions as well. Even though TMS was approved in 2006, it is not widely used because of the legal pitfalls that surround it. Ara Chackerian was shocked when he first discovered TMS. Shocked because it was so overlooked. Turned onto the innovative practice by a partner, Chackerian and company realized that TMS bared the possibility of becoming a pillar in the psychiatric study. This was one part of what eventually led to TMS Health Solutions, the company that Chackerian co-founded to further the cause.
The second part occurred when Ara Chackerain ran into Dr. Richard Bermudas. Bermudas was a living example of modern medicine’s confines. An advocate of the treatment Dr. Bermudas had been attempting to utilize it for years. Unfortunately, he was always hampered by the red tape. Upon running into Bermudas, Chackerian and his partner realized the ultimate role they could play. In creating TMS Health Solutions they found ways to cut through the red tape. Stop one was getting insurance companies to cover it. Step two was privatizing it enough that it could be used freely. At present, TMS has seven locations that treat hundreds of patients with TMS. Chackerian remains a figure on the board and continues to advocate for mental health care.
About Ara Chackerian
Ara Chackerian is an angel investor for many medical start-ups. He is also a successful businessman and entrepreneur. He writes for publications like Medium on the subject of healthcare investments and is regarded as a foremost source of information. Ara Chackerian is also a philanthropist who champions many causes around the world. He is most known for his Limonapa Teak plantation as well as his youth non-profits throughout Nicaragua.