In a move aimed at supporting mainstream conversations about mental health, Schoon Health has teamed up with five private insurance companies to offer cashless insurance to patients seeking psychiatric inpatient treatment.
Insurers were told in 2018 not to distinguish between physical and mental health, but Schoon formalizes partnership to improve access to mental health treatment and ease financial burden for people seeking care Schoon’s Vidit Bari said it took some exercise to be able to put it together. , co-founder and chief growth officer. Bari said that in the three-plus years since the system was launched, about 90% of people seeking mental health care have paid out of pocket. business line.
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Insurance companies that have partnered with Sukoon include HDFC Ergo, Magma HDI, ICICI Lombard, Aditya Birla Capital and Reliance General Insurance. Additionally, mental health conditions covered include bipolar disorder, acute depression, anxiety disorders, schizophrenia, mood disorders, psychotic disorders, post-traumatic stress disorder, obsessive-compulsive disorder, and attention-deficit/hyperactivity disorders. Includes sexual disorders.
As with most health insurance plans, patients must be hospitalized for 24 hours to qualify for coverage, he said.
The company further noted that certain treatments such as alcoholism, drug addiction, self-harm and talk therapy are excluded from coverage and are not eligible for cashless insurance benefits. It added that insurers are not responsible for covering pre-existing psychiatric diagnoses under this policy, stressing the need to carefully consider and understand the terms of coverage.
Schoon Health operates a chain of mental health hospitals in Delhi and Gurugram and plans to build 40 similar centers providing acute psychiatric care, including in Bangalore, Mumbai and Mohali. He said the 35-bed hospital will have a multidisciplinary team supporting people seeking acute mental health treatment. The team included a psychiatrist, clinical psychologist, counselor, psychiatric social worker, art therapist, nurse, general physician and pharmacist, Schoon’s memo said.
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Collaboration with insurance companies for cashless coverage will not only strengthen Schoon’s position as a mental health hospital, but will also play a pivotal role in shaping the future of mental health care in India, says Schoon Health Board of Directors said Dr. Nachiket Mol. Noting that the hospital is India’s first mental health hospital chain to offer cashless insurance, Bari said, “This is a step towards providing accessibility and affordability to all who need it. It’s a step,” he said.
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