Blog
Insights on launching and scaling insurance-contracted behavioral health programs.
March 3, 2026
How Sandstone Care Expanded to 3 States (And What IOP Operators Can Learn From It)
Learn how Sandstone Care expanded IOPs across 3 states — and what clinicians can copy. Licensing, credentialing, and operations strategy that actually works.
March 3, 2026
Behavioral Health Investment 101: A Guide for Non-Healthcare Investors
Discover what investors need to know about IOP and PHP behavioral health programs — from revenue cycle and returns to regulatory risk and MSO deal structures.
March 3, 2026
Due Diligence Checklist: Evaluating Treatment Center Acquisitions
The real due diligence checklist for buying a treatment center — covering payer contracts, licensing, staff retention, and the red flags most buyers miss.
March 3, 2026
IOP Valuation Multiples Explained: What Your Program Is Actually Worth
Learn what IOP and PHP programs actually sell for in 2025 — EBITDA multiples, payer mix impact, and what buyers look for in behavioral health M&A transactions.
March 3, 2026
IOP/PHP Regulatory Requirements Every Investor Needs to Understand Before Writing a Check
Before investing in an IOP or PHP, understand the real regulatory risks — licensing timelines, credentialing gaps, state variation, and due diligence red flags.
March 3, 2026
Why Behavioral Health Billing Is More Complicated Than Medical Billing
Learn the CPT codes, documentation requirements, and billing strategies IOP and PHP programs need to get paid — and avoid costly audits.
March 3, 2026
Mental Health Reimbursement 2026: What Clinicians and IOP/PHP Operators Actually Need to Know
Mental health reimbursement has shifted in 2026. Here's what IOP/PHP operators need to know about telehealth rules, parity enforcement, VBC, and protecting your revenue cycle.
March 3, 2026
The Ultimate Guide to Denial Codes in Addiction Treatment and Mental Health Billing
Learn the most common insurance denial codes hitting IOP and PHP programs — CO-4, CO-11, CO-50, CO-97, PR-204 — and how to prevent them before they cost you.
March 3, 2026
Denial Codes in Addiction Treatment & Mental Health Billing
Learn how to fight back on the most common denial codes in addiction treatment billing — CO16, CO50, CO97, and more. A practical guide for IOP and PHP operators on appeals, prevention, and building a denial management system.