Financial

Value based payments are here to stay. Figuring out how to measure your outcomes to get paid for your work is just one of the challenges behavioral health organizations face as they plan for the future. Not all that long ago, start up mental health programs...

For quite some time, insurers and healthcare providers have been moving towards a value-based healthcare model, and away from the traditional fee-for-service payment system. In value-based care, providers are incentivized based on the quality of care they provide and the meaningful treatment outcomes used to...

There are numerous challenges that come with running a residential behavioral healthcare program. The tangled web of paperwork, accreditation, and compliance standards can be a real headache for those running the facilities. In addition, many administrators see high turnover as unavoidable, and accept claims denials...

The financial impact that the COVID-19 pandemic has had on businesses can not be understated. No industry has been immune, but some, including behavioral health, have been hit harder than others. Stay at home orders have dramatically decreased the ability to conduct in-office visits for...

The field of behavioral healthcare has changed. 60-65% of human service agencies bound to a fee-for-service model fail. Medicaid margins are razor thin when you consider the exceedingly low payments mental health counselors receive versus the escalating costs of delivering quality care, forcing many direct...

Behavioral healthcare is changing. Focus is shifting away from traditional fee-for-service (FFS) systems to value-based payments (VBP). These new payment methods link reimbursements with improved performance and outcomes. They are designed to hold providers accountable for the quality of care they provide to their clients....

Whether yours is a for profit or nonprofit facility, behavioral healthcare is ultimately a business. Your facility needs to operate in a financially responsible manner and pay its expenses based on revenue. It also needs to achieve its mission and provide excellent outcomes for its...

The healthcare space is in the process of a challenging transition to value-based care. The expectation that most organizations can make the transition in a year or two is overly optimistic. Complete transformation may take a long journey and will require careful consideration. So far,...

Mental healthcare is a booming business. It is also unique because discussions about profit, using the word "sales", and the downsides of this industry are rarely, if ever, spoken about. It's time to start! Sit back, relax, and listen as co-hosts Dave Ballenberger, MSW, and Kristin...

When choosing an EHR, much of the discussion surrounds how it will benefit the organization.  But what does a Behavioral Health EHR provide for the patient? Improved behavioral health care.  EHRs help staff make the best clinical decisions about how to treat patients.  For example, treatment plans will...