LifeStance Health Group, Inc. (NASDAQ:LFST) Q4 2022 Earnings Call Transcript

Kevin Caliendo: Okay. Yes. At that point, I understood, I was just wondering if this was sort of being done at more of a national level. And in any way, it kind of leads to my second question, which is the relationship with the payers, are they looking for anything additional from you, any sort of data sharing or anything else, in terms of strengthening the relationship between you and them and how it may impact pricing going forward? I am just trying to think about how you might leverage the assets that you have with the payers?

Ken Burdick: Yes. No, it’s a great question. Let me respond to the rest of your first question, which is, sort of by definition, the consolidation is really occurring with the small local, and regional payers. National payers aren’t going to be affected, because we are really focused on bottom quartile that only accounts for less than 1%. As it relates to the relationship with the payers, we are as interested as they are, and really sharing data so that we can demonstrate the impact of well managed mental health on things such as absenteeism, whether it’s at school or at work, reduced visits to the ER, and in-patient care. So, they are interested and we are doing some pilots. And that’s something that we are pretty enthusiastic about over the next several years, as we move towards more value-based care, and an integrated behavioral health environment where we are collaborating with those that provide physical care to really make sure that our patients and theirs are receiving holistic care.

That is the vision for LifeStance. So, what you have referenced is absolutely a part of our playbook, and it will be an increasingly important part of our strategy in the years to come.

Operator: There are no further questions at this time. This concludes the LifeStance fourth quarter 2022 earnings call. You may now disconnect.