Value-Based Reimbursement in Behavioral Health

-


Value-based care is also known as accountable care. A value-based care system is focused on getting value from quality services. Value-based healthcare is a payment system that rewards healthcare providers in accordance with the quality of care provided to their patients. Payments are based on better health for populations and other things, such as cost reduction, which can lead to a focus on preventative care. The benefit of value-based care is a patient in a value-based healthcare model will have fewer doctor’s visits, medical tests, and medical procedures. Additionally, they pay less on medication as their health gradually improves.
BlueCross BlueShield came into the value-based reimbursement arrangement with Value Network. The provider group has 100+ providers in behavioral health care in Western New York.
“This is another step we’re taking to build a behavioral health care model that’s designed to effectively treat the whole person,” said Dr. Thomas Schenk, Senior Vice President, Chief Medical Officer, BlueCross BlueShield of Western New York. “BlueCross BlueShield of Western New York is proud to partner with the region’s leading behavioral health care providers to introduce the first payment model designed to directly enhance quality care for our members with mental health and/or substance use disorder diagnoses.”
If you want to read the complete blog then click below: Value-Based Reimbursement in Behavioral Health
Location: United States

Comments

Post a Comment

Popular posts from this blog

Choosing Desired Medical Billing Company for Your Practice

-
Image
  Outsourcing your revenue cycle operations to a medical billing company is the right move toward securing the financial stability of your practice. However, choosing any medical billing company could cause more headaches than benefits.  Medical Billers and Coders  is a leading medical billing company providing complete medical billing and coding services. While interacting with our potential clients, we found difficulties that are faced by healthcare practices while choosing the desired medical billing company. Evaluate Your Practice’s Pain Points As you are seeking external help in  Medical Billing and Coding  for your practice, there are some pain points that are badly affecting your  practice’s revenue . List down all those pain points and try to evaluate if that medical billing company can provide solutions to those pain points. Major pain points for any healthcare practice include hiring and retaining skilled (and experienced) staff, training costs, non-availability of a cert
Read more

Understanding 8-Minute Rule for Therapists

-
Image
  Introduction The therapy 8-minute rule is a vital concept for therapists, specifically in the context of billing Medicare or Medicaid for their services. This rule allows therapists to calculate the appropriate number of billable units based on the duration of direct contact therapeutic services provided to a patient. Understanding the 8-minute rule is essential to avoid billing errors, delays in reimbursement, audits, and underbilling. In this article, we will delve into the intricacies of the therapy 8-minute rule, its application in therapy billing, and how to calculate billable units accurately. What is the Therapy 8-Minute Rule? The therapy 8-minute rule refers to the method used by therapists, including occupational therapists, physical therapists, and speech therapists, to determine the number of billable units for Medicare or Medicaid reimbursement. It applies to timed services where therapists provide one-on-one sessions with patients for at least eight minutes. Since t
Read more

How do changes in Healthcare Regulations Impact Medical Billing Procedures in the United States?

-
Image
Changes in healthcare regulations can significantly impact medical billing procedures in the United States. These regulations can come from federal, state, or local government entities and may affect various aspects of healthcare delivery, insurance coverage, and reimbursement. Here are some ways in which changes in healthcare regulations can impact Medical Billing procedures: Coding and Documentation Requirements: New regulations may introduce changes in the coding and documentation requirements for medical procedures and services. This can impact the way healthcare providers document patient encounters and submit claims. Billing and Reimbursement Rates: Healthcare regulations often influence reimbursement rates for medical services. Changes in regulations can lead to adjustments in the amounts that healthcare providers are reimbursed for specific procedures or services. This, in turn, affects the amounts billed to patients or insurance companies. Compliance and Reporting Requirement
Read more