BGL Profiles the Most Impactful Revenue Cycle Management Vendors

While regulatory changes have expanded behavioral healthcare coverage and eligibility to a broader cross-section of our country, and allowed more patients to get appropriate care in community settings as opposed to in institutions, the back-office infrastructure within the behavioral health industry’s provider groups has not yet caught up with the sophistication seen across other segments of acute care. Payors have consistently stayed ahead of the curve and deployed novel strategies to deny payment, which has put an extraordinary burden on provider groups who are under pressure to rapidly scale to meet their demand. 

A View from the Top: How Behavioral Health Executives Have Experienced the Industry’s Revenue Cycle Management Transformation

With less-than-optimal conversion on historical charges, many behavioral provider groups are finding that their working capital needs outpace their cash collections. For these reasons and more, we are seeing increased demand for improved revenue cycle solutions across the behavioral landscape, whether in I/DD services, SUD treatment, or outpatient psychiatry. 

For an insider’s perspective, BGL’s Healthcare Outsourcing & Information Technology investment banking team asked several key opinion leaders across the behavioral health industry to share their thoughts on how the industry’s revenue cycle needs have transformed and identify some of its current trends. Our interview subjects include:

• The founder and Co-CEO of a privately held revenue cycle management services company that serves applied behavior analysis (ABA) providers. 
• The CEO and founder of a national, professional medical group that provides high quality outpatient behavioral healthcare in 30+ states.
• The president and CEO of an autism services platform.

You can read the full interviews with these industry leaders and more when you download the most recent BGL Healthcare & Life Sciences Insider: The Growing Importance of Behavioral Health Revenue Cycle Management.

Contact Our Healthcare Outsourcing & Information Technology Team

Led by John C. Riddle, BGL’s Healthcare Outsourcing & Information Technology investment banking team advises clients across a broad spectrum of mergers and acquisitions, capital markets activities, and strategic assignments. At BGL, we are energized when presented with unique challenges and we excel in developing and executing creative solutions that deliver outstanding results to our valued clients. To learn more about how we can help you strategically utilize the healthcare outsourcing market, please reach out via the contact form below.