Although the mean annual wage among all psychiatrists in the U.S. is $247,350, that can vary based on factors including experience and practice setting, according to the most recent Bureau of Labor Statistics occupational employment statistics survey.
Behavioral Health News
The National Eating Disorder Association is suspending the use of its chatbot service, named Tessa, after several users reported that it was providing harmful weight loss advice, according to a June 1 report from The Washington Post.
Pittsburgh-based UPMC's insurance services division grew from 4,033,737 total members in the quarter ended March 31, 2022, to 4,505,128 members in the quarter ended March 31, 2023, according its financial report released May 25.
Coverage and reimbursements for behavioral health are inadequate, despite a widespread push to expand mental health access.
Healthcare organizations have seen increased consolidation recently, and there are benefits to it — namely, capturing economies of scale.
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Although the mean annual salary for psychiatrists in the U.S. is $247,350, psychiatrists in the 10 highest-paying urban areas earn upward of $315,000, according to the most recent Bureau of Labor Statistics occupational employment statistics survey.
Two leaders behind national behavioral health group Concert Health — co-founder Virna Little, PsyD, and CEO Spencer Hutchins — recently joined Becker's to discuss their vision of incorporating collaborative care models, measurement-based treatment and more.
The U.S. may face a shortage of 54,100 to 139,000 physicians by 2033, and access to care in every specialty, including mental health services, is a national issue.
Only 6 percent of adults who experienced a major depressive episode in the last year are receiving treatment, highlighting the nation's need to prioritize mental healthcare.
Loveland, Colo.-based Medical Center of the Rockies has the highest cash rates for mental health services of any hospital in the nation — 761 percent its Medicare rate for the same services — according to data from Sage Transparency.