Outcome Tracking: The Key to Maximizing your Behavioral Healthcare Portfolio.
Talk by Eric Gremminger ICADC
Thank you to everyone who attended my fireside chat at the Behavioral Health Business INVEST conference in Chicago, IL.
The moderator John Yediank and I had a lively discussion regarding the future of behavioral health and how the ERPHealth is leveraging the power of technology to personalize patient care, promote health equity and position providers for value based care.
Here are some key takeaways:
- Private Equity should expect a continued move towards value-based care in the behavioral health space and make sure that providers within their portfolios are tracking outcomes so they are positioned for success.
- If providers are going to remain viable in the coming years, they will have to have a way to “course correct” during treatment and verify outcomes via a third-party source.
- Providers who are tracking outcomes in a multitude of domains will be at an advantage in negotiating value-based care deals as well as better in-network rates.
- The future of behavioral and population health will rely on innovation to promote health equity and measure social determinants of health. CMS is leading the charge on these initiatives and it would be wise for providers to get on board now.
It was such a pleasure to be around so many incredible leaders in private equity space as well as established behavioral health providers. I look forward to staying in touch and collaborating with you in the future!
