Episode 245 | Are Insurance Companies Taking Over Mental Health Practices? Here's What You Need to Know

The Group Practice Exchange

Have you ever wondered how the acquisition of mental health practices by insurance companies might affect your practice?

In this episode, I dive into the trend of insurance companies acquiring mental health practices. I share insights on the implications of this trend for small independent practices, discussing potential impacts on patient choice, care quality, and healthcare costs. This trend has profound implications for our field, and understanding it is crucial for staying ahead in the ever-evolving landscape of mental health care.

Join me to learn more about:

• The trend of insurance companies acquiring mental health practices and it’s implications.

• Potential impacts on patient choice, care quality, and healthcare costs.

• Regulatory aspects surrounding these acquisitions.

• Forecasting continued consolidation in the mental health industry.

• Tips and recommended resources help you stay informed on this topic and conduct your own continued research.

The trend of insurance companies acquiring mental health practices is a significant development in our industry. By staying informed and proactive, we can navigate these changes effectively and continue to provide high-quality care to our patients.

Thanks for listening! Like what you heard? Give us 5 stars on whatever platform you’re listening from. Need extra support? Join The Exchange, a membership community just for group practice owners on our website www.thegrouppracticeexchange.com/exchange. Talk to you next time!

Resources mentioned in this episode:

The Visionary Magazine

The Group Practice Exchange Programs + Courses

The Accountability Equation™ Quiz

Connect with Maureen Werrbach & The Group Practice Exchange:

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This episode is sponsored by TherapyNotes. TherapyNotes is an EHR software that helps behavioral health professionals manage their practice with confidence and efficiency. I use TherapyNotes in my own group practice and love its amazing support team, billing features, and scheduling capabilities. It serves us well as a large group practice owner.

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