Amid the promising new data and enthusiasm of ketamine therapy, many of these clinics are now closing their doors due to financial concerns — leaving some patients unsure of their treatment options.
Although patients pay cash, it may not always be enough to cover the extensive staffing and facility costs required to deliver high-quality care.
Psychiatry as a field had seen little in the way of pharmaceutical innovation for the treatment of depression since the FDA approval of fluoxetine in 1987. Patients and physicians alike have long been eager to identify new treatments to help with this widespread mental illness, specifically looking for solutions that act more quickly than the weeks to months required to see benefit from most antidepressants and are more efficacious.
Due to this, ketamine clinics have operated as largely cash-only clinics for several years. Treatment can be expensive for patients, typically costing anywhere between $300-$1000 per session. Although some experience relief, there are significant risks of depression relapse, requiring ongoing expensive treatment.
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