Latest / The Mental Health Evolution / Ep 3: Strategy, Not Panic with Jeremy Zug
Transcript
- 0:00(Transcribed by TurboScribe. Go Unlimited to remove this message.) This podcast is part of the Frederick Podcast Network.
- 0:03Learn more at ListenFrederick.com.
- 0:05Welcome to Mental Health Evolution, a podcast about what's changing in mental
- 0:10health and why it matters.
- 0:12I'm your host, Rachel Harrison, inviting you into honest conversations with
- 0:16people from all perspectives in the field, clinicians, tech founders,
- 0:21investors, insurance companies, and all the folks in between.
- 0:24Let's explore what's working, what's not, and what's next.
- 0:32All right, well, welcome back everyone to the Mental Health Evolution podcast,
- 0:38where we are talking about how the landscape is quickly evolving in
- 0:41the mental health industry.
- 0:42And today we're taking a look at what has changed with payers,
- 0:46specifically insurance companies in the landscape of venture capitalist
- 0:51partnerships, value-based care, tech companies, all of these things that are
- 0:56changing how payers are paying on their contracts and how this is
- 0:59impacting the market overall.
- 1:01So for some background, our guest today, Jeremy Zug, is someone I
- 1:06met at Meet You in Kentucky, which is a conference for group
- 1:09practice owners.
- 1:11And he and I started a conversation, we dove right into talking
- 1:14about the trends in our industry and what he's seeing from his
- 1:18lens.
- 1:18And I think he's going to give you some really great things
- 1:21to think about in this evolving market.
- 1:23So I can't wait to dive into that conversation.
- 1:26But before we do, I want to give you a little background
- 1:29here to set the stage of some kind of topics and trends
- 1:32happening so that you can understand where we're talking from as we
- 1:37start digging into the conversation.
- 1:39So in Indiana, for those that may or may not know, January
- 1:431st, 2025, Anthem Blue Cross sent out a letter notifying providers that
- 1:48they were delegating care management to the company Carillon.
- 1:52But nothing would change for members and providers.
- 1:55And then June 27th, behavioral health providers got a notice that they
- 2:00would now be paid based on Carillon reimbursement rates and not Anthem
- 2:05rates, which was about a 40 to 57% decrease in provider
- 2:10pay.
- 2:10So there's been a lot of hubbub about that, as you can
- 2:14imagine.
- 2:15So that's a piece of data that's important to know as background
- 2:19to this conversation.
- 2:20Also, just some other articles I've been reading from Becker's Behavioral
- 2:24Health.
- 2:24There's a flurry of M&A that continues 22 deals to know,
- 2:29and if you're not familiar with the term M&A, it stands
- 2:31for mergers and acquisitions.
- 2:33And it's an article looking at the continuing push of venture capitalist
- 2:36companies to acquire mental health and behavioral health companies.
- 2:40This is increasing their market share in the mental health industry, and
- 2:44they're happening all around us all the time.
- 2:46If you're not watching, knowing that there are 22 deals recently happening,
- 2:51that's a lot happening in terms of mergers and acquisitions here.
- 2:55And one more piece of Fierce Healthcare reporting that Octave nabs 52
- 3:00million in the expansion of network therapy services to all 50 states.
- 3:05This is back in 2024, so that was already happening.
- 3:08But in this article, they are discussing merging Alma and Headway.
- 3:12Most people have heard of Alma and Headway to provide in-network
- 3:15services at higher rates to therapists due to their venture capitalist funding.
- 3:19So this is, again, like merging Alma and Headway.
- 3:23That brings up all kinds of questions about who's covered, what are
- 3:26the rates.
- 3:27And so this is all of the kind of thing that we
- 3:30want to dig in and be talking about today.
- 3:32So let me tell you a little bit about Jeremy.
- 3:35He is the co-founder and partner at Practice Solutions LLC, which
- 3:39is a medical billing and revenue cycle management company dedicated to serving
- 3:44mental and behavioral health providers.
- 3:46His experience working directly in group practice billing and operations has
- 3:50shaped his mission to create a service that empowers therapists to understand,
- 3:56manage, and improve their billing policies and processes.
- 3:59So thanks for being here, Jeremy.
- 4:01That's amazing.
- 4:02Yeah.
- 4:02Thanks, Rachel.
- 4:03That's great context, by the way.
- 4:05Thank you.
- 4:05Wonderful.
- 4:06Yeah.
- 4:06I feel like if we're going to dive in, people need to
- 4:09know a little bit about like, where is this coming from?
- 4:11And we will attach the articles and references to the show notes
- 4:15too for people if you want to dig into that more.
- 4:17So let's talk about all of this.
- 4:19I'd love to start by just asking you, what are the patterns
- 4:23you see in the work that you're doing?
- 4:26Yeah.
- 4:26So there's a few patterns that we track on a regular basis.
- 4:30So and I think the Carillon example is a really good example.
- 4:33These shifts happen all the time.
- 4:36So if you're in private practice, you probably up until this point,
- 4:40you haven't needed to be aware of what's going on.
- 4:43But the big therapy, my good friend Brent likes to call the
- 4:47big MSOs, big therapy.
- 4:49You know, oftentimes providers come in to these big MSOs, they try
- 4:54it for a little bit and they think that the guarantees that
- 4:57were sold to them are sort of the golden goose of private
- 5:01practice.
- 5:01They come in, they get EHR light, maybe some administrative stuff is
- 5:06done for them.
- 5:06But what they find is that the hands off value proposition of
- 5:10joining a big MSO like that is not quite what they're looking
- 5:14for.
- 5:15So one trend that we're seeing a lot of are providers going
- 5:19into those organizations, they try it out, they realize it's not quite
- 5:23what they're expecting for.
- 5:24And then they decide that doing the uphill work of starting a
- 5:27private practice is really what they want to do.
- 5:29And that's an exciting trend that the independent private practice owner and
- 5:35that idea is having a little bit of a reemergence from the
- 5:39COVID era from four years ago.
- 5:41And so that's an exciting one.
- 5:43We're noticing that the insurance conversations with the big therapy providers
- 5:49are changing.
- 5:51Those big MSOs- Can you define MSO just for people that
- 5:54are maybe not familiar?
- 5:56What MSO is?
- 5:57Yeah.
- 5:57Yeah, Managed Service Organization.
- 6:00And so those companies are the almas and headways of the world.
- 6:04The other term that people like to assign those companies are aggregators,
- 6:08because they take a bunch of NPIs, they aggregate them together to
- 6:11form one very large organization.
- 6:14It's a great clarification, Rachel, thanks.
- 6:16Yeah.
- 6:16There's a lot of acronyms floating around the building.
- 6:19I know.
- 6:19I know.
- 6:19I gotta be a little slower.
- 6:21It's all like everyday talkers to you, right?
- 6:22It's just everyday conversation for you, but not necessarily for listeners.
- 6:27Yeah.
- 6:27During COVID, those organizations had a lot of sway, because all of
- 6:31a sudden they had this new, they had tens of thousands of
- 6:34new therapists that they could offer to the insurance company network.
- 6:38The insurance company executives also went to Ivy League schools and got
- 6:43pretty decent grades.
- 6:44And what they realized is that those organizations are not adding net
- 6:49new NPIs or providers to the network.
- 6:52They're actually just borrowing NPIs or providers to the network that were
- 6:56already there.
- 6:57The only organizations that are adding net new providers are the independent
- 7:03private practices.
- 7:04And that's the value proposition that practice owners have now, is that
- 7:07we're actually adding new providers to the network and MSOs are just
- 7:12reshuffling what's already here.
- 7:14And so the NPI, the new provider piece, when you're talking private
- 7:19practice, are you talking solo practitioners?
- 7:21Are you talking group practices or are you talking both?
- 7:25Both.
- 7:25Okay.
- 7:26Yeah, both.
- 7:26Because groups, independent groups attract folks from grad schools all the
- 7:30time.
- 7:31And those providers have the choice of going to community mental health.
- 7:36They could start their own practice.
- 7:38They can join an MSO.
- 7:40And so oftentimes they join the independent group practice for a huge
- 7:45range of reasons.
- 7:46I mean, the value proposition there for a new clinician is giant,
- 7:50right?
- 7:50Versus like a CMH, for example.
- 7:53So those practices are adding more providers to the network.
- 7:57But then you have this other M&A pattern, right?
- 8:00Like Optum and insurance companies at large buy practices all the time,
- 8:05right?
- 8:05Like they could approach your practice and say, Rachel, we want to
- 8:08buy your practice and they could offer you some kind of deal.
- 8:12Like I have a friend who has a friend whose practice owner
- 8:15sold to Optum because of this exact kind of swirly deal that
- 8:20they offered.
- 8:21And a year later, that deal was not as attractive as it
- 8:25was said to be, right?
- 8:27And no judgment, right?
- 8:28I don't own a practice and I don't know the pressures that
- 8:32that particular practice owner was facing and a huge range of reasons
- 8:36why you'd want to do that.
- 8:38But practice owners are going to get approached by insurance companies, right?
- 8:41They have a lot of money.
- 8:42They have a lot of options.
- 8:43And you got to look at those deals very carefully.
- 8:46So it's really important here that a practice owner notices these trends.
- 8:50They know the players, they know the game board, and they're able
- 8:53to make the best decision they can, even if it feels a
- 8:57little bit like attrition, right?
- 8:59You're going to stay in your trench for as long as you
- 9:02can hold out for, right?
- 9:03Because generally the normal vicissitudes of life will play out in your
- 9:07favor.
- 9:07It's interesting to hear the leverage of group and solo private practitioners
- 9:13because I think insurance companies are coming out and saying, hey, your
- 9:18rates are going to be decreasing.
- 9:20It takes longer to get credentialed than say an Alma or Hedway.
- 9:23Like there are all these sort of ways that they are maybe
- 9:27reducing the service to private practitioners.
- 9:31Do you see that across the board, across the country as well?
- 9:35Yeah, that's a good question, Rachel.
- 9:37It's not a typical trend across the board because our healthcare system
- 9:40is like broken pieces of ice floating on the ocean.
- 9:44They don't all jive and work together.
- 9:47They don't move.
- 9:48They're not correlated with each other.
- 9:50And so you have some states that that's not the case and
- 9:54some states where it is the case.
- 9:56Here's what I'll tell you.
- 9:57The research is pretty clear that at least in the mental and
- 10:00behavioral health space, clients are four times more likely to go out
- 10:04of network with their provider than find an in-network provider.
- 10:08So Caroline can come along and they can cut the rate by
- 10:11half.
- 10:11And then you got to think, right, if you're not going to
- 10:14make a panic decision, which I don't recommend, don't make a panic
- 10:17decision, go, okay, they're going to offer me half.
- 10:20Let's say just for round numbers sake, that that's 50 bucks a
- 10:24session.
- 10:24I would be willing to wager that a client who has a
- 10:29good therapeutic rapport with their therapist is going to follow them out
- 10:33of network for the same rate or more cash.
- 10:36And because you're not going to find the same therapist, right, somewhere
- 10:39else.
- 10:40It's not like, um, I don't know, another medical specialist, it's not
- 10:43like a pharmacist who can just do it.
- 10:45You know, it's very relational rapport matters.
- 10:48So what I would say is leave the network, right?
- 10:50Maybe charge five bucks more than what they were going to offer
- 10:53you.
- 10:53That $5 difference per session makes a huge difference.
- 10:56So providers have a lot of options in terms of what their
- 10:59response can be to this, but you can't panic.
- 11:02That's, that's the first thing for sure.
- 11:04I love that.
- 11:05I love that.
- 11:06And so if you could kind of predict the future, which we
- 11:09know you can't, I'm just asking you to use that, that part
- 11:12of your brain, right?
- 11:13But what do you think will change with the tech companies, which
- 11:17with venture capital backing insurance companies, backing the tech companies in
- 11:21our industry?
- 11:22Like what do you see on the horizon?
- 11:25Yeah.
- 11:25So I have a couple, I really appreciate this question.
- 11:28We think about this stuff all the time because this industry changes
- 11:32so much.
- 11:32So for tech companies specifically, one of the more brighter pieces of
- 11:37news or trends that I'm seeing is a commit, a renewed commitment
- 11:41from insurance companies to change the prior authorization process.
- 11:45That was something that you'll see on LinkedIn a lot, or you'll
- 11:48see in news releases that prior authorization has really become a sticking
- 11:52point for a lot of folks for good reason.
- 11:54But there's also, and this is kind of the interesting conversation that
- 11:58you and I can have about this process, but prior authorization is
- 12:01not all bad, right?
- 12:03Sometimes prior authorization does prevent fraud.
- 12:06So if you want to look at a case study from 2014,
- 12:10North Carolina removed prior authorization wholesale.
- 12:14They said no more prior authorization allowed.
- 12:17And nine months later, they reversed course.
- 12:20Why is that?
- 12:20Well, what happened was a flood of bad actors came into the
- 12:24market and fraudulently billed like crazy.
- 12:28And I think the attorney general, from what I've read and understand,
- 12:31is still dealing with those cases today.
- 12:33So they had to roll that back at a $500 million state
- 12:37budget deficit because of all these bad actors.
- 12:39And so you have to balance this system wide chain.
- 12:43And this is my prediction, that tech companies are going to figure
- 12:47out what the prior authorization process or renewed one looks like, because
- 12:50with it as it exists today, you prevent care from people that
- 12:54actually need the care, right?
- 12:56Without it, you allow bad actors to come in and run up
- 13:00a giant bill.
- 13:01So you've got to figure out somewhere, some other system.
- 13:04We got to get off like either or and find a new
- 13:06thing.
- 13:07So that's one prediction.
- 13:08The second is that insurance companies are not, and this isn't really
- 13:12a prediction.
- 13:13This is currently happening, but insurance companies are not giving the same
- 13:16rates to big therapy because they're not adding net new NPIs.
- 13:20So big therapy is either going to have to increase the session
- 13:24count of therapists, or they're going to have to decrease the amount
- 13:27of pay.
- 13:28Rachel, you and I both know either one of those is going
- 13:31to be like a net negative for those companies.
- 13:33So my prediction there is that if those companies, the MSOs, aggregators
- 13:39start to decline, I think the insurance companies will just buy them
- 13:42out.
- 13:43I think they'll just adopt them as another service within their platform
- 13:47of companies.
- 13:48And then my last one is that like Medicaid is getting cut.
- 13:52We all know that.
- 13:53That's kind of a new thing.
- 13:55And so what does that mean, right?
- 13:57That means for some of you listening, that's a loss of patience
- 14:00and that's a loss of reimbursement.
- 14:03And we don't really know what the impact of that is going
- 14:05to look like, right?
- 14:06We think the higher limit says 36 million people lose Medicaid.
- 14:11The Congressional Budget Office says 10.4, 10.6. I think that's
- 14:16a little low.
- 14:17So I think somewhere between 10 and 30 million folks are going
- 14:20to lose coverage.
- 14:21So that's a lot of folks.
- 14:23So you got to start planning for what that looks like.
- 14:26Well, yeah.
- 14:27And then in the industry, you have clinics, practices that are all
- 14:32Medicaid, are primarily Medicaid clinics, right?
- 14:35You have others that don't take it at all.
- 14:37It'll be interesting to see how that affects other private insurance, I
- 14:42would think, as well, and maybe even self-pay.
- 14:45For sure.
- 14:46So like Centene is a really large publicly traded company that all
- 14:52of what they do generally is Medicaid and Medicare management.
- 14:55And so that company is going to take a huge hit.
- 14:59Humana also is another big one that manages Medicare and Medicaid.
- 15:03And then UnitedHealthcare also has quite a few Medicaid members.
- 15:08And so, you know, the folks running those companies, again, are pretty
- 15:12smart and they're not panicking.
- 15:15They're thinking about their next step.
- 15:17And I would encourage practice owners to have the same attitude, right?
- 15:21If these things are true, what's my response, right?
- 15:25So I would flip the question back on you, Rachel, which is
- 15:28like, let's say all this stuff plays out and you were a
- 15:32practice owner, like just starting.
- 15:34What would be your move?
- 15:35Well, I've definitely recommended to some people who are starting out in
- 15:39like solo practice not to go with any of these MSOs because
- 15:43I think it's a gamble, right?
- 15:45I think having your own credentialing, having control of your own billing,
- 15:49I think all of those pieces are going to be something you
- 15:52want control over for the long haul.
- 15:55So it's sometimes a hard sell, though, because they look at me
- 15:58and they go, yeah, but they these people are going to do
- 16:00my credentialing and do my billing for me and all that.
- 16:03And I'm like, OK, I mean, do you?
- 16:05But if you're asking me my opinion, I would say steer clear
- 16:09of those organizations because of some of the volatility that you're talking
- 16:13about.
- 16:13There's going to have to be change there.
- 16:15I look at it from the perspective of if venture capitalists are
- 16:20investing in these companies, right, they're at the market grab part of
- 16:26this.
- 16:26They're trying to get as much market share as possible.
- 16:28So all the money is flooding in.
- 16:30It's amazing.
- 16:31You do all these things with all this money.
- 16:33We can get all these providers, right.
- 16:35But at some point, the payback has to happen.
- 16:38And that's where I think all of these changes are going to
- 16:42come is like, OK, we can ride this wave of you're getting
- 16:46more than you would if you were paneled individually.
- 16:49And what's going to happen when they reduce that?
- 16:52And maybe there's something in there.
- 16:54Reach a contract really well to make right.
- 16:57Make sure you can actually get credentialed independently.
- 17:02And then how long is that going to take?
- 17:03And then do you have patience in the meantime?
- 17:06Right.
- 17:06There are all these risky things when you're not the one that
- 17:10sort of owns those processes.
- 17:12So that's part of what I see as well.
- 17:15For sure.
- 17:15And I would highlight a bright spot in the M&A world
- 17:18like it's not all there's only like from what I've been able
- 17:22to meet in this community, there's only one good one.
- 17:25Like Fireside Strategic.
- 17:27I don't know if you've heard of them.
- 17:28I haven't.
- 17:29But they're looking at like, how do we do this M&A
- 17:32thing so that the clinicians benefit?
- 17:35Right.
- 17:36That's like their mission.
- 17:37But they won't buy a practice that's within those big MSO companies.
- 17:43Right.
- 17:43And it's not yours.
- 17:45I like exactly what you're saying.
- 17:47And so you look at that, too.
- 17:49And you look at a Fireside Strategic, who I think is actually
- 17:52going to be a very good actor in this, like a good
- 17:56influence in this space.
- 17:58But it's not your practice if you're part of those big MSOs.
- 18:01So and I'm probably like you, Rachel, I'm very independent.
- 18:05And so I like the idea that you can steer the ship,
- 18:09right?
- 18:10If you're not in the helm, that ship gets steered for you.
- 18:13Sure does.
- 18:14For sure.
- 18:14Yeah.
- 18:15Yeah.
- 18:16So I'd love to sort of talk about another piece on the
- 18:19side here, but it has to do with payers.
- 18:21I'm hearing all of this talk about value-based care and insurance
- 18:25companies requiring that of behavioral health and mental health providers.
- 18:29And I think it's been a much slower rollout.
- 18:31I know they've already rolled this out in a lot of medical
- 18:33practices and for medical providers.
- 18:36So I'm curious some of what you're seeing there, because you work
- 18:39with practices all over the country.
- 18:41So how much value-based care are you seeing being implemented?
- 18:45How much is not?
- 18:47What are you noticing?
- 18:48Yeah.
- 18:48So yeah, value-based care is here.
- 18:51It has been much slower to roll out in the mental health
- 18:54space.
- 18:54But when you look at the MACRA and MIPS program within Medicare
- 18:58and even for behavioral health providers within facilities have to report
- 19:04certain data measures that influence the reimbursement rate.
- 19:07There's already a template for this.
- 19:09The debate in the insurance companies is whether it's value-based care
- 19:14or whether it's value informed care.
- 19:17And there's a big difference here.
- 19:18Value-based care is these are your outcomes and your reimbursement follows
- 19:23how much value you provide.
- 19:26Right.
- 19:27So on paper, that makes sense.
- 19:28Value informed care says that the outcome measures for the treatment you
- 19:33provide are a factor of the reimbursement.
- 19:37Now that matters in real life.
- 19:39So like I live in Detroit.
- 19:41There are some pretty wealthy suburbs around Detroit.
- 19:43And then there is there are some pretty poor areas in Detroit.
- 19:46Let's say, Rachel, you were practicing in a fancy suburb and I'm
- 19:50practicing in downtown southwest Detroit, for example.
- 19:53There are some like much bigger factors than just the care that
- 19:57are provided that influence the outcome of that care.
- 20:01Right.
- 20:01Value-based care says the better grade you get, the more reimbursement
- 20:06you receive.
- 20:07But you never had an essay, leave your office and then go
- 20:11live its life somewhere and then have that impact your reimbursement.
- 20:15And that's the trouble in mental and behavioral health care is you
- 20:18can be a very talented clinician, but you're dealing with people that
- 20:22make decisions.
- 20:23Right.
- 20:24Like contrast that to like a medical provider with, let's say, a
- 20:28population of folks that have diabetes.
- 20:30Right.
- 20:31You can throw those folks on a medication, almost very little lifestyle
- 20:35change, and you're going to get better outcomes.
- 20:37You can't do that in the mental and behavioral health world.
- 20:39So the question has always become for like Kaiser and Optum, to
- 20:43what extent are we measuring the outcomes and how much are we
- 20:48weighting those outcomes?
- 20:49Medicare rolled out MACRA and MIPS.
- 20:52They're going to continue with that program.
- 20:53And you're going to continue to see payers play around and experiment
- 20:57with this idea.
- 20:58But it's eminently complicated in mental health care, given like geography,
- 21:03socioeconomic status, diet.
- 21:05There's like a million variables, right, that impact the outcome of treatment.
- 21:11And so insurance companies are aware of that and they're trying to
- 21:14solve for that.
- 21:14That's kind of in my hunch about why it hasn't rolled out
- 21:17yet is like, what are we actually using to measure?
- 21:20What are we measuring?
- 21:21How do we know that that's a fair measure?
- 21:23All the things that you're saying.
- 21:25Yeah, that's right.
- 21:26And if you are in a poorer geography versus a wealthier geography,
- 21:32your outcomes will be different.
- 21:33And so do you want to penalize the clinicians that are in
- 21:37a poorer demographic?
- 21:39No, you don't.
- 21:40Because you want providers there.
- 21:43And if you punish them for where they are, they won't be
- 21:47there.
- 21:47So you have to figure that out.
- 21:49And the network has federal responsibility, according to the quality
- 21:52associations, to provide access to care.
- 21:55So that's not in their interest to do that either.
- 21:58So they're going to figure out a better system there.
- 22:00That makes sense.
- 22:01That's a good one, I think.
- 22:02I appreciate that perspective.
- 22:05So I'm curious about your business in particular.
- 22:08How is all of this impacting you?
- 22:10What do you see as changes for you or maybe changes in
- 22:13services that you're offering?
- 22:15What's the outlook?
- 22:16Yeah, we're pretty optimistic in the independent private practice world.
- 22:21I think therapists are pretty smart.
- 22:24I think they are independent.
- 22:26They represent a group of people that I greatly enjoy, because of
- 22:30the qualities that they carry.
- 22:32For Practice Solutions, we only exist to empower providers to focus on
- 22:38their patient care by relieving the burden of billing.
- 22:42And part of how we do that is we educate a lot.
- 22:45And so we do this kind of thing.
- 22:47We're launching our learning hub in 15 days, where if you're a
- 22:52new clinician, and you have no clue what we're talking about, you
- 22:56can get our playbook, right?
- 22:58All of our downloadable tools and resources there within the learning hub.
- 23:02We published a book, Insurance Billing Basics.
- 23:05Our podcast is coming out this fall as well.
- 23:08So all of those resources, we want to educate providers on how
- 23:12to make the best decisions for their practice.
- 23:15We also offer like done for you billing.
- 23:18I don't think...
- 23:19It would be shocking to me, Rachel, if private insurance in our
- 23:23country went away overnight.
- 23:24That would be like, that would be a wild shift.
- 23:27That would be wild.
- 23:28It would definitely simplify our work.
- 23:32So there's always going to be an element of outsourced, like we're
- 23:36a US-based company, all of our billers are here in the
- 23:39US, and we serve independent practices that way.
- 23:42But if you're a big group, we also help build out billing
- 23:46departments nationally.
- 23:48So between all three of those, we really enjoy the work that
- 23:52we're doing.
- 23:52And we're kind of used to these changes, right?
- 23:54I feel like last year was change healthcare getting hacked.
- 23:58So that was real exciting.
- 24:00This year was Tricare West not paying a cent, Carillon.
- 24:04So these are like normal changes that our leadership team sits down
- 24:08and we plan for as well.
- 24:10So we're right there with practice owners and thinking through, okay, well,
- 24:14like, what's the next thing?
- 24:15Like, how do we help empower more practices to enter the marketplace?
- 24:20Yeah.
- 24:20Because that's where I think the best care happens, ultimately.
- 24:23I love that.
- 24:24I love that.
- 24:25We are about out of time and needing to wrap up, but
- 24:27I have one more question for you.
- 24:29If you could highlight just one critical piece of information for people
- 24:33to know, maybe practice owners, maybe people that are seeking care, just
- 24:38in general, what would that piece of information be?
- 24:41Oh, that's a good question.
- 24:42There's so many.
- 24:43The one I would say is ask for more, like negotiate higher
- 24:47rates, demand better from the insurance companies for sure, build good
- 24:53relationships there.
- 24:55I think there's more available than providers in private practice think there
- 24:59is.
- 24:59And so the care you provide is worth it.
- 25:02I know sometimes that's a struggle for especially new therapists in the
- 25:05market, but the care you provide is eminently valuable.
- 25:09And so if you're not getting that value out of a partner,
- 25:12they're the wrong partner.
- 25:14So find a new one.
- 25:16But yeah, ask for more.
- 25:18I love that.
- 25:18That's great.
- 25:19Well, I want to thank you so much for your thoughts.
- 25:23Definitely gave us a lot to consider and think about, Jeremy.
- 25:26So thanks for being here.
- 25:27And thanks for the work that you do.
- 25:29Definitely.
- 25:29Oh, thank you.
- 25:30Yeah, it was a pleasure.
- 25:31Thanks so much, Rachel.
- 25:32Yeah.
- 25:33Everyone else, we will see you back for a new episode to
- 25:36talk more about the changes in the mental health industry.
- 25:39Bye for now.
- 25:42Thanks for listening to the Mental Health Evolution podcast.
- 25:46Join the conversation.
- 25:47Find us on socials, send us your thoughts, and tell us what
- 25:50you're seeing in your corner of the mental health world.
- 25:53Until next time, stay curious and keep evolving.
- 25:59Live radio, local podcasts, the Frederick Podcast Network at listenfrederick
- 26:03.com.