Financial Modeling Workbook
As you plan for behavioral health integration, consider all of the benefits of providing effective mental health care with a robust sustainability plan. Please review the AIMS Center’s guide to Broadly Defining Value for Your Model of Integrated Care. There are many critical factors that play a strong role in helping a practice develop a comprehensive sustainability plan. Finances are just one factor in this larger system.
In an effort to help organizations understand the ongoing costs and revenues associated with integrated strategies, the AIMS Center created the Financial Modeling Workbook in collaboration with the American Psychiatric Association. The Workbook can help organizations more accurately estimate revenues and expenses for providing collaborative care and other integrated services by:
- Estimating visit volume and the number of patients served;
- Defining and analyzing how much time staff engage in key integrated care tasks; and
- Estimating fee-for-service and BHI/CoCM G-code potential revenues more accurately
The Workbook allows you evaluate practice parameters to better understand their impact on your bottom line. For example, you can vary the length of appointment times, the percentage of time staff spend on the different components of collaborative care work or other factors to start to better understand how to build or revise clinical workflows.
Register online to download the free Financial Modeling Workbook and Instructions.
HAVE QUESTIONS? JOIN OUR FINANCE OFFICE HOURS
Once monthly 9:00am PT / 12:00pm ET (dates below):
The AIMS Center and American Psychiatric Association will use this time to answer general questions about the Modeling Workbook as well as all other billing code and financial sustainability matters.
2020 dates: April 1, May 6, June 3, July 1, August 5, September 2, October 7, November 4, & December 2.
Zoom Meeting Details:
Join from PC, Mac, Linux, iOS or Android: https://zoom.us/j/760751576
Telephone: (646) 876 9923 or (408) 638 0968
Meeting ID: 760 751 576
If you notice errors in the Workbook, please contact firstname.lastname@example.org.