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Patrick Kennedy

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
427 total appearances

Appearances Over Time

Podcast Appearances

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

It's not just the homeless populations.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

It's our newest generation of workers who are coming in, who are suffering, according to all indicators, with much higher risk.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

levels of depression and anxiety.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

This is a phenomenon now that needs the leadership of employers because they dictate what the policies are in the workplace in terms of employer benefits, employee benefits, EAPs.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

employee assistance programs, as well as how the payers structure what the kind of care is that will be considered primary care, which will mean that it's not going to impede an employee from gaining access to that treatment because of really high deductibles and co-pays and the like.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

It's all in aligning the financial incentives.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

And the most salient issue is we know good mental health has a huge ROI.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

That ROI can be defined in numerous ways, lower absentee rates, much higher productivity rates, hence lower presenteeism, much less comorbidities in terms of disability, but

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

Ultimately, it's only going to happen if you structure the value proposition and the risk proposition by payers in a way that doesn't have to be defined in such a narrow window.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

of time, the way most insurance companies evaluate ROI.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

And that's what really precludes us as a healthcare system from investing in what has all kinds of ancillary benefits to the employer community.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

which they ought to be insisting that their third-party administrators really focus on.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

But the third-party administrators do not take into their value proposition the lower disability, the lower presenteeism, and the lower absenteeism.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

That's not part of their metric.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

And because it's not, they do not evaluate towards it.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

And hence, they're not giving employers

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

the kind of product that the employer should demand.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

That's only going to happen if companies lay this out at the C-suite level and say, you've never thought of it in these ways, but perhaps it's important for you to start to think about this.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

So we need a toolkit as policymakers, as advocates, as politicians.

McKinsey on Healthcare
Changing views on mental and substance use disorders: An interview with Patrick Kennedy

There's just no voice for these issues.