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The share of psychiatrists who bill Medicare Part B has declined from 44% in 2014 to 33% in 2022. In 2014, 22,409 of 50,416 active psychiatrists billed Medicare Part B. In 2022, 18,637 of 56,492 active psychiatrists billed Medicare Part B.

During this period, the number of psychiatrists practicing in the United States increased by 12.1%, representing a gain of 6,076 more psychiatrists, rising from 50,416 in 2014 to 56,492 in 2022. However, the number of psychiatrists billing Medicare Part B for more than 10 claims declined by 16.8%, (3,772 . . .

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The Medicare program is a health insurance program funded by the federal government for older adults, aged 65 and above, as well as younger individuals who have disabilities or end-stage renal disease. There are both strategic opportunities and challenges for health and human service provider organizations serving Medicare beneficiaries, who often have complex health and social support needs. As a result, Medicare plans are looking for innovative services and initiatives that demonstrate a return-on-investment in spending and consumer outcomes.

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