Is Your Organization Ready To Support The SMI Population In A Value-Based World? OPEN MINDS Releases Update On Estimates Of SMI & Trends In Enrollment Between 2016 & 2018
GETTYSBURG, Pa. (March 8, 2020) — A new report by OPEN MINDS, Distribution Of The U.S. Adult Population With A Serious Mental Illness By Payer: An OPEN MINDS Market Intelligence Report, found that 21 million adults in the United States have a serious mental illness (SMI) diagnosis. This is up from 2016, when approximately 17.9 million individuals over the age of 18 had a SMI diagnosis. Although an individual’s level of impairment will determine the need for health care services, those with SMI typically have increased health care utilization—making it imperative those with a diagnosis receive adequate health care coverage.
This report provides an overview of trends for SMI populations in commercial and private insurance, as well as enrollment. The report also provides a state-by-state breakdown for trends between 2016 and 2018.
“The rate at which individuals are diagnosed with SMI is on the rise – this means provider organizations need to focus their resources on supporting this population,” said Michelle Coughlin, vice president of Market Intelligence. “Most provider organizations already have the tools to support this population – tracking social determinants of health through electronic health records, using data to strategically track consumer outcomes and costs. It comes down to your organization’s ability to optimize technology, ensuring early and effective intervention.”
A free summary analysis of the report can be found at: Who Insures The SMI Population? The Answer Is Not What You May Think. The report, Distribution Of The U.S. Adult Population With A Serious Mental Illness By Payer: An OPEN MINDS Market Intelligence Report, is available at no charge to Premium and Elite members of The OPEN MINDS Circle and can be purchased in the OPEN MINDS shop for $495.
For additional questions and inquiries, please contact Michelle Coughlin, Vice President, Market Intelligence, OPEN MINDS at 717-334-1329 or openminds@openminds.com.
ABOUT OPEN MINDS
OPEN MINDS is an award-winning information source, executive education provider, and business solutions firm specializing in the domains of health and human services serving consumers with chronic conditions and complex support needs. For thirty years, we’ve been pioneers for change – helping organizations implement the transformational business practices they need to succeed in an evolving market with new reimbursement, competition, policies, and regulations.
OPEN MINDS is powered by a national team of experienced executives and subject matter experts with specific expertise and experience in nine key market areas – mental health, addictions, chronic conditions, autism and intellectual/developmental disabilities, long-term care, children’s services, social services, juvenile justice, and corrections health care. Our mission is to improve the quality of care for consumers with complex support needs by improving the effectiveness of those serving them – provider organizations, payer and insurance organizations, government agencies, pharmaceutical organizations, and technology firms. Learn more at www.openminds.com.