The average reimbursement from Medicaid insurance plans for a speech therapy visit is around $42. This amount is not enough to pay therapists a competitive wage and cover the overhead of running a clinic.
In comparison, Medicare reimburses nearly double that amount and private insurances pay nearly triple.
This discrepency in pay forces private clinics to limit the number of clients they see with Medicaid, because the reimbursement rate is not enough to cover the cost of providing therapy.
Catalyst Community is a newly formed non-profit organization created with the goal of supporting local therapy clinics financially so they are able to provide more services for folks who are on Medicaid insurance plans. Our goal is to reduce the wait time for accessing services across the county but more specifically, we want to make sure that everyone is in the same line and that folks with Medicaid do not have a disproportionately long wait.
Copyright © 2018 Catalyst Therapies - All Rights Reserved.