[Irvine, CA] – In response to the federal government's newly finalized rule requiring health plans to treat mental health care with the same importance as physical health care, KBrax is announcing that its CompleteCarePlatform® is fully equipped to help payers meet these new regulations. The rule, aimed at improving access to mental health and substance use care for 175 million Americans, mandates that health plans ensure mental health parity, eliminating barriers and ensuring fair treatment.
For years, mental health coverage has lagged behind, with patients often facing greater challenges in accessing care. In 2020, nearly 70% of children who sought mental health care couldn’t access it, and insured people were nearly four times more likely to go out-of-network for mental health care than for physical health care. These disparities highlight the need for payers to align their networks, reimbursement rates, and authorization procedures with the new standards for parity.
CompleteCarePlatform®: A Ready Solution for Payers
As the pressure mounts for payers to comply, KBrax’s CompleteCarePlatform® offers a comprehensive, technology-driven solution that helps:
- Ensure compliance with new regulations: The platform’s advanced analytics support real-time comparative analyses, helping payers meet the new parity mandates.
- Streamline care coordination: By integrating physical and mental health services, CompleteCarePlatform® enhances care delivery and reduces administrative overhead.
- Improve patient outcomes: The platform facilitates collaboration between patients and providers, enabling payers to optimize health outcomes and reduce costs.
Built on Expertise in Healthcare Innovation
With more than 25 years of extensive experience in the healthcare industry, KBrax has demonstrated a deep understanding of the complexities surrounding mental health care and care coordination workflows. The company has a proven track record of developing innovative solutions tailored to the unique needs of healthcare organizations. By leveraging cutting-edge technology and comprehensive insights, KBrax empowers organizations to confidently navigate the coordination of physical and mental health care, while optimizing delivery and enhancing patient outcomes.
Koorosh Yasami, CEO of KBrax, Urges Payers to Act
Commenting on the regulatory changes, Koorosh Yasami, CEO of KBrax, stated: "These new federal standards represent a critical shift in how mental health care will be delivered in America. The stakes are high for payers to align with these new requirements. KBrax has been preparing for this shift, and our CompleteCarePlatform® is designed to help payers meet these demands head-on." He continued, "This is a moment for payers to not only comply but to lead the charge in improving mental health care delivery and outcomes across the nation. With KBrax, you can be the vanguard of this transformation."
The Time to Act is Now
As the federal government begins enforcing these new parity rules, payers that adopt CompleteCarePlatform® will be well-positioned to stay ahead of compliance requirements. By acting now, payers can not only ensure compliance but also seize the opportunity to lead in providing comprehensive, equitable care.
Payers that act swiftly will not only ensure compliance but also position themselves as leaders in this evolving landscape. Don’t wait—take the first step towards transforming your care coordination today.
To learn more about KBrax’s CompleteCarePlatform® and how it can help payers stay compliant, schedule a demo today.
About KBrax
KBrax is a leader in healthcare innovation, offering advanced solutions that integrate mental and physical health care. With over 25 years of expertise, KBrax empowers healthcare organizations with the tools needed to enhance care delivery and optimize patient outcomes. The AI-powered CompleteCarePlatform® is built to support the Collaborative Care Model (CoCM) and Innovation in Behavioral Health Model (IBHM) by CMS, making it a key asset for organizations looking to stay compliant and efficient in a rapidly evolving landscape.
You can read more about the new rule in the official White House announcement : https://www.whitehouse.gov/briefing-room/statements-releases/2024/09/09/fact-sheet-biden-harris-administration-lowers-mental-health-care-costs-by-improving-access-to-mental-health-and-substance-use-care/