Skip to content
Careers
  • 804.612.7108
  • Linkedin
  • About Us
    • Our Team
    • Advisory Board
    • Capital Securities
    • Locations
    • Testimonials
  • Services
    • Sell a Business
    • Buy a Business
    • Finance A Business
    • Consulting & Advisory
    • Business Valuation
    • Real Estate
  • Industries Served
    • Staffing
    • Business Services
    • Healthcare Services
    • Manufacturing
    • Distribution
    • Construction
    • Technology
    • Logistics & Transportation
    • Veteran-Owned & Veteran-Led Companies
  • Transactions
  • News/Blog
  • Contact
    • General
    • Richmond, VA (HQ)
    • Lexington, KY
    • Roanoke, VA
    • Chicago, IL
Menu
  • About Us
    • Our Team
    • Advisory Board
    • Capital Securities
    • Locations
    • Testimonials
  • Services
    • Sell a Business
    • Buy a Business
    • Finance A Business
    • Consulting & Advisory
    • Business Valuation
    • Real Estate
  • Industries Served
    • Staffing
    • Business Services
    • Healthcare Services
    • Manufacturing
    • Distribution
    • Construction
    • Technology
    • Logistics & Transportation
    • Veteran-Owned & Veteran-Led Companies
  • Transactions
  • News/Blog
  • Contact
    • General
    • Richmond, VA (HQ)
    • Lexington, KY
    • Roanoke, VA
    • Chicago, IL

Telehealth Data Shows Increased Demand for Virtual Behavioral Care (April Update)

The COVID pandemic has accelerated telehealth usage rates across the United States in an effort to limit the spread of the virus and increase mental health service access. FairHealth, an independent nonprofit that collects and manages the country’s largest database of insurance claims,  recently updated its Monthly Telehealth Regional Tracker with January 2021 data.  It includes monthly comparisons for telehealth claim volume, top procedure codes and diagnoses, as well as a breakdown of the top mental health diagnoses. The data continues to highlight the detrimental impact the pandemic has had on mental health in the United States.

  • Psychotherapy codes CPT 90837 (60-minute) and CPT 90834 (45-minute) (often referred to as Telepsychiatry, Telebehavioral Health, or Virtual Behavioral Health) ranked first and fourth, respectively, in the top 5 procedural codes by utilization. Neither code was in the top 5 in January of 2020.
  • Mental Health conditions were the top diagnoses, accounting for 51% of all telehealth claim lines. Joint / soft tissue issues (3%) and developmental disorders (3%) ranked two and three, respectively. Just a year prior, mental health conditions accounted for just 30% of all claims, followed by acute respiratory infections (25%) and influenza (7%).
  • Of all mental health telehealth claim lines, 28% were attributed to generalized anxiety disorder, followed by major depressive disorder (23%) and adjustment disorders (19%).

The pandemic’s mental health toll on young adults has been even more alarming. In a recent CDC survey, 63% of 18-24-year-olds reported symptoms of anxiety or depression, with 25% reporting increased substance use and 25% saying they’d consider suicide. The pandemic continues to highlight the demand for scalable mental health services and accelerated investor interest in behavioral healthcare.  The Transact Capital Healthcare Team continues to monitor this segment and the tailwinds driving its M&A activity.

The Transact Capital Healthcare Team and its Advisory Board represent owners looking to scale or exit their healthcare business. Contact Mike Gaetano at mike@transactcapital.com to learn more about what Transact Capital can do for your healthcare business. 

Co-authored by:

Bryan Arkwright, Transact Capital Healthcare Advisor, Co-Founder and Chief Research Officer at Cromford Health, specializing in telehealth research, education, and advisory services

Mike Gaetano, VP of Business Development for Transact Capital

Picture Source: FairHealth Monthly Regional Telehealth Tracker

Get Access To Exclusive Businesses For Sale

Start Now

Client Paid Business Search

View Businesses

Considering Buying or Selling a Business?

Contact Us Today!
  • This field is for validation purposes and should be left unchanged.

Recent Blog Posts

Transact Capital Advises on the Sale of Church View Septic to Wind River Environmental

December 28, 2022

Transact Capital Advises on the Sale of MRI Network to HireQuest, Inc.

December 12, 2022

Transact Capital Securities Advises on the Sale of MRI Network to HireQuest

November 17, 2022
View All

Contact Us

Richmond (HQ)
Lexington, KY
Roanoke, VA
Chicago, IL

Industries Served

Business Services
Staffing
Healthcare
Manufacturing
Distribution
Construction
Technology
Logistics & Transportation

Recent News

Transact Capital Advises on the Sale of Church View Septic to Wind River Environmental

December 28, 2022

Transact Capital Advises on the Sale of MRI Network to HireQuest, Inc.

December 12, 2022
Linkedin

© 2003 Transact Capital Partners; Securities offered through Transact Capital Securities, LLC. Member FINRA and SIPC. Form CRS | Careers | Sitemap | Terms & Conditions | Privacy Policy