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Payment Parity & Mental Telehealth
During the COVID-19 pandemic, many states implemented temporary payment parity through the end of the Public Health Emergency. Now, many states are implementing payment parity for telehealth on a permanent basis. As of November 2022, 21 states have implemented policies requiring payment parity.
The current PHE is in effect until January 11, 2023, and the Biden administration has said it will give states a 60-day notice before ending the designation. Since that notice was not issued in November 2022, it is expected the PHE will be extended again.
Mental Telehealth Increases Practice Revenue
With telehealth, providers can supplement their physical clinic capacity with virtual capacity. Not only does this add revenue by increasing visit volume, but it might also save patient relationships by preventing patients from seeking care from another provider.
Monetizing Telehealth Maximize patient visits and reduce cancellations with the convenience of telehealth. Offer group visits utilizing telehealth.
A recent J.D. Power survey found that 67% of respondents accessed video telehealth services in the past year, up from 37% in 2019. Consumers cited convenience, the ability to receive care quickly and the ease of access to health information as top reasons for using telehealth. Industry observers believe that Mental Telehealth will be designated as a permanent alternative for those seeking therapy.
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