Doing Your Homework Before You Pitch The Payers
2020 has been a year of significant decline in service volume and revenue across health care. Behavioral health organizations have lost, on average, nearly 23% of their annual revenue during the pandemic (see Member Survey: NationalĀ CouncilĀ ForĀ BehavioralĀ Health Polling Presentation). As Monica E. Oss, chief executive officer of OPEN MINDS noted in her recent blog, āWhile provider organizations may be able to tide over revenue declines in the short-term, the pandemic appears to be dragging onāalong with its revenue impact. Most executive teams of provider organizations have already cut expenses, a lot. So, the question becomes . . .