In this episode, we explore the changing landscape of mental health, focusing on insurance trends, private practice growth, and the impact of tech and venture capital. Jeremy Zug shares his insights from over a decade in healthcare, helping mental health professionals optimize revenue and operational efficiency. Whether you're a clinician, practice owner, or industry observer, this conversation provides actionable strategies and a big-picture view of the market.
Key Topics Covered:
Insurance trends and payer changes affecting private practices
The rise of independent providers and network expansion
Value-based care, tech companies, and future predictions for mental health services
Timestamps:
(0:00) Intro
(0:32) Industry trends and insurance landscape overview
(3:33) Jeremy Zug bio and Practice Solutions background
(5:43) Independent practice growth and adding providers to networks
(7:14) Insurance leverage and provider options
(9:08) Impact of tech companies and prior authorization trends
(18:16) Value-based care challenges and opportunities
(22:05) How Practice Solutions supports private practices
Links & Resources Mentioned in this Episode:
Becker's Behavioral Health: Flurry of Behavioral M&A Continues – 12 Deals to Know
https://www.beckersbehavioralhealth.com/behavioral-health-capital-investment/flurry-of-behavioral-ma-continues-12-deals-to-know/
Fierce Healthcare: Octave Nabs $52 Million to Expand Network Therapy Services
https://www.fiercehealthcare.com/digital-health/octave-nabs-52-million-expand-network-therapy-services
Guest Information and Links:
Jeremy Zug has over a decade of experience in the healthcare industry. He is known for his expertise in insurance billing and frequently writes and speaks on topics that support mental health professionals in achieving financial health and operational excellence. He co-founded Practice Solutions with his wife Kathryn in 2017, relying on their combined knowledge from private practices they had worked at while in college. Practice Solutions is an expanded medical billing company offering billing services, professional services, and educational resources to thousands of mental and behavioral healthcare providers for optimal revenue cycle management.
Instagram: https://www.instagram.com/practicesolutionsbillingllc/
Practice Solutions: https://www.practicesol.com/
Connect with Us:
Website: https://www.traumaspecialiststraining.com/mental-health-entrepreneur-podcast
Instagram: https://www.instagram.com/thementalhealthevolution/
LinkedIn: https://www.linkedin.com/showcase/the-mental-health-evolution
Facebook: https://www.facebook.com/TheMentalHealthEntrepreneur/
Takeaway Quote:
"Understanding insurance trends and the evolving mental health landscape is critical for clinicians and private practices looking to thrive in today's market."
Music credit: Zach Harrison
