Mental Health Telehealth Trends
Mental Health Telehealth Trends
Source: Associated Billing Center Newsletter, October, 2021
mentalhealthbillers.com
When Covid-19 became interwoven into the fabric of our everyday existence, it was accompanied by the exponential growth of Mental Telehealth. Today, research indicates that Mental Telehealth is more than a fad or a trend. A recent national Press Ganey Survey reports that 89 percent of patients would recommend the modality of Telehealth to others.
While Telehealth will not comprise the majority of therapy sessions going forward, it could represent a sizable portion of your mental health practice. A recent report by McKinsey and Company suggests that telehealth’s share of commercial claims jumped from .17% to 7.5% in the first year of the pandemic. The recent Telehealth surge was fueled by payment equity requirements implemented shortly after emergency declarations. Will payment equity become a permanent part of the Mental Telehealth landscape? This will be determined through payer policies, contract negotiations and lobbying efforts.
If your business plan includes growing your practice, the expanded use of Telehealth is at your disposal. And while we consistently report on patient convenience, providers can enjoy many perks including working from home and increased flexibility in scheduling. In addition, if you do not lease office space monthly, some operating expenses might be reduced.
The popularity of Mental Telehealth is not in doubt and neither is its durability. Evidence indicates a majority of patients derive expected benefits and find therapeutic efficacy equal to office visits (certainly not true for all patients).
Associated Billing Center, LLC is proficient in the application of the appropriate codes for claims processing. If you have any questions, just ask. That is what we are here for!
Disclaimer: Please note: The editorial content of this page is in no way intended to be professional advice. It should be considered informational and a venue for entertainment purposes. Read and utilize at your own discretion. Content may not be published without the expressed consent of Associated Billing Center, LLC