December 24, 2016
Chicago, IL – The season of giving has helped to cement a strategic partnership to help America’s neediest populations.
“Together we can disrupt the behavioral health landscape,” said Prevail Founder and CEO Richard Gengler.
The two organizations plan to work collaboratively initially focused on Medicaid beneficiaries to demonstrate the economic impact of a technology that has been proven clinically effective in multiple published clinical trials at 99% less cost than traditional methods of care.
Medicaid is the single largest payer of behavioral health services, amounting to 26% of overall spending in 2009. Calculations by MACPAC in 2015 indicate excess cost of $72 billion in Medicaid due to behavioral health conditions.
The situation is one that is getting worse.
Behavioral health spending is increasing at over six percent a year, with spending on enrollees with a behavioral health diagnosis accounting for 48% of all Medicaid spending.
Technology coupled with a national nonprofit have demonstrated a model to take drive down healthcare costs.
An economic study was conducted recently between a leading national nonprofit, YMCA, and another digital health company focused on diabetes. The result of the study indicated that beneficiaries are able to save money by utilizing the digital solution.
Building off this success, the Centers for Medicare and Medicaid Services’ Chief Actuary released a report indicating that the government will begin reimbursing for the Diabetes Prevention Program.
Prevail’s technology acts in preventive health strategy by casting a wide net to interact with many people, providing proven care, and then routing those with higher level needs to appropriate resources.
Studies show that nearly 60 million American adults are battling a mental health condition every year. Most people with a mental health condition, over half, do not receive any treatment for their condition.
Without receiving treatment, many people begin to develop comorbid conditions that are related to their behaviors. According to leading actuaries such as Milliman, this drives tremendous costs to the healthcare system—typically 2-3 times the cost of people without a mental health condition.
With its locations spread throughout the country, Volunteers of America will be able to function as an on the ground partner to the proven digital solution that Prevail’s technology provides.
There are also other opportunities where the combined partnership can help vulnerable populations.
Questions regarding the combined behavioral health solution? Please contact email@example.com