Financing Team Based Coordinated Services: Examples from First Episode Psychosis Programming-Lecture Presentation

Video Transcription

Video Summary

In this video, experts discuss financing team-based coordinated services for serious mental illness, particularly focusing on first-episode psychosis. They explore different strategies for funding these services, including Medicaid options and commercial insurance. They highlight the cost-effectiveness of team-based care compared to traditional fragmented care, and the positive outcomes associated with coordinated specialty care services. The experts also discuss the importance of including non-billable components such as outreach, education, and training in funding models. The video provides examples from various states, including Illinois, Connecticut, and Maine, where efforts are being made to secure funding for coordinated specialty care through legislative mandates, insurance negotiations, and Medicaid programs. Overall, the experts emphasize the need to ensure that evidence-based services for serious mental illness are adequately covered by insurance and funding mechanisms, in order to improve outcomes and reduce societal costs associated with these conditions.

Keywords

financing team-based services

serious mental illness

first-episode psychosis

funding strategies

Medicaid options

commercial insurance

cost-effectiveness

coordinated specialty care

non-billable components

legislative mandates

evidence-based services