Practice Management, Administration, and Operation in the SUD Field, Part 6: Do You Know Your Numbers? If Not, How Do You Determine Them?
We have all heard ‘no margin – no mission’ in the nonprofit world. The same holds true for all business models. Reimbursement must match or cover the cost of doing the service or business. This workshop will delve into how to figure out what reimbursement needs to be regardless of whether in fee-for-service, case rate, episode of care, managed care, value-based or any other reimbursement model. Knowing how to assess reimbursement in the current economic environment is critical particularly considering inflation and the need to have adequate staffing. The approaches and tools presented will provide information for developing or adjusting organizational budgets as well as preparing grant applications or advocating for rate adjustments based on current economic conditions.
Virtual
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