There is a serious shortage of medical specialists that accept Medicaid, especially psychiatrists… it probably has something to do with Medicaid reimbursements being below market rates...
It also has to do with professional associations limiting supply by making it hard for new people to enter the profession. I would expect there’s too much rent seeking for a startup to be effective at the issue.
A very short version is that insurance doesn’t compensate adequately, and a therapist can’t work 40 hours/week because patients typically aren’t available during conventional working hours. Also, therapists are only paid when patients show up, so schedulng enough hours is even harder than it sounds.
There is a serious shortage of medical specialists that accept Medicaid, especially psychiatrists… it probably has something to do with Medicaid reimbursements being below market rates...
It also has to do with professional associations limiting supply by making it hard for new people to enter the profession. I would expect there’s too much rent seeking for a startup to be effective at the issue.
There’s a serious shortage of psychiatrists accepting insurance, full stop.
The economics of being a therapist.
http://siderea.livejournal.com/1303059.html
http://siderea.livejournal.com/1308342.html
http://siderea.livejournal.com/1308342.html
A very short version is that insurance doesn’t compensate adequately, and a therapist can’t work 40 hours/week because patients typically aren’t available during conventional working hours. Also, therapists are only paid when patients show up, so schedulng enough hours is even harder than it sounds.
psychiatrist != psychologist
But interesting links, thank you.