The National Council for Behavioral Health, in conjunction with the American Society of Addiction Medicine, last week sent a letter to Congressional leaders requesting $38.5 billion in emergency funding for behavioral health organizations “to avert a large-scale public health calamity,” with a large portion of the funds “to be set aside for behavioral health organizations that are enrolled in Medicaid.” The request was supported by 40 industry organizations. National Council said that based on an assessment of 131 clinics, CBHOs anticipate an average reduction in revenue caused by the coronavirus (COVID-19) pandemic of 49.16% over the next year, which would translate to $38.467 billion lost by CBHOs in 2020.
Read the full article: Industry Groups Seek $38.5B in Emergency Funds for Behavioral Health Organizations //
Source: https://www.psychcongress.com/article/industry-groups-seek-385-billion-emergency-funds-behavioral-health-organizations