10/21/2023
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Value-Based Reimbursement in Behavioral Health
9/5/2022
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
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Value-based payment methods are rapidly becoming the default payment structure for public payers in the United States and will especially affect public and safety-net hospitals.
MBC is a best-in-class behavioral health billing company providing complete behavioral health services. Contact us today at 888-357-3226.
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The professionals at Medical Billers and Coders have over 20+ years of experience working within the behavioral health billing industry.
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Looking for more information about Tips for Behavioral Health Billing click here: https://bit. ly/3dLDFGq. also, you can get in touch with us at info@medicalbillersandcoders. com.
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