Entrepreneur Ara Chackerian is an investor and philanthropist. He has over a decade of experience in the business side of the medical industry. Chackerian is a Managing Partner of the early stage healthcare company investment firm ASC Capital Holdings, LLC. He is also the co-founder and a board member of TMS Healthcare Solutions, a company that is bringing the groundbreaking medical treatment known as transcranial magnetic stimulation, to the public.
Transcranial magnetic stimulation is a procedure that uses magnets to affect areas of the brain. It has proven to be an effective treatment for major depressive disorder. Chackerian learned of transcranial magnetic stimulation when one of his associates suggested that Chackerian invest in the procedure as well as outpatient psychiatric spaces.
Chackerian was no stranger to creating treatment centers. He and his business partner Brad Hummel had created a number of outpatient diagnostic radiology centers in Northern California. When Chackerian and Hummel began to look into transcranial magnetic stimulation, they were shocked by its results. They were also astounded that it was not widely available to the common person.
Upon meeting with transcranial magnetic stimulation expert Dr. Richard Bermudas, they learned some of the issues that kept the procedure from widespread use. Firstly, the procedure is complicated, and so hiring and retaining qualified technicians is a challenge. Secondly, because the transcranial magnetic stimulation is a somewhat new technique, many insurance companies do not yet provide coverage for the procedure. For more details visit Crunchbase.
Chackerian and Hummel decided to try and spread the availability of transcranial magnetic stimulation, and have since gone on to open seven TMS treatment centers, located in San Francisco and Sacramento. You can visit their website arachackerian
Ara Chackerian wants to expand into even more branches of health care. He has recently begun to study digital healthcare. He hopes to one day increase the prevalence of telemedicine and digital assisted healthcare apps.