Yesterday, venture capitalist Marcus Whitney and I explored the ongoing disruption in behavioral health. Because so much change is being funded and executed in the private debt and equity markets, the public markets seem unaware of the change occurring on the ground. Last week's earnings calls with UHS and ACHC seemed to anticipate more of a snap-back to business as usual rather than a shift in the mental health care paradigm. The data and the anecdote all seem to suggest behavioral health will be the case study in disruption for health care post-COVID.
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Timestamps: 0:00 - 2:23 Introduction and Behavioral Health as Case Study for Disruption 2:23 - 3:03 Policy Position Monitor 3:03 - 10:01 Macro Environment for Behavioral Health - Supply and Demand for Labor, Wage Costs and the Desirability of Mental Health Facilities for Job Seekers (UHS, ACHC) 10:01 - 15:00 Demand for Services Post-COVID; Effect of School Closures 15:00 - 15:38 Labor Cost Controls 15:38 - 17:46 Lag in Medicare Reimbursement of Labor Cost Increases 17:46 - 19:17 Rise of Behavioral Telehealth Services via DoD and VA 19:17 - 22:38 Underlying Economic Issues and Larger Trends in Mental Health Care Demands 22:38 - 25:46 Practitioner's Perspective on Path Forward for Behavioral Telehealth 25:46 - 27:10 Emerging Solutions to Respond to Supply and Demand Dynamics (HECC) - Connecting Therapists and Patients; Self-help, Peer-Peer; Employer Focused Model 27:10 - 34:24 What we Like and Don't Like Digital Behavioral Health Solutions (HECC, Lyra, TDOC) 34:24 - 41:52 Decline in ER Visits and Implications for Inpatient Psychiatric/SUD Care (OTRK) 41:52 - 55:55 Top Funded Private Companies, Potential Roll-up Opportunities 55:55 - 1:01:00 Q & A |
