Psychiatry and Behavioral Health August 5, 2020
Financial performance is critical to the future of our field. Healthcare costs are central in any discussion of performance, and there are several ways to evaluate costs. Evaluations will differ according to who frames the questions. Some analyses advance our work while others derail us. Let us focus on three groups of analytics, categorized by their goals: self-examination; self-justification; self-discovery.
Our industry is in many ways separate from the rest of the healthcare field, both in terms of its institutions and its financing. Yet large healthcare payers will either facilitate or constrain our future growth, depending on how we answer questions about healthcare costs. We can make strong financial arguments about our work and our potential. Yet there are some...
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