After more than a decade of running substance use disorder (SUD) and mental health treatment programs in Utah, Recovery Ways is expanding in a big way. The private equity-backed provider recently announced the acquisition of four businesses across multiple states to create a new behavioral health network called the Recovery Ways Family of Programs. And […]
NewVista Behavioral Health is leveraging its relationship with its parent company to capitalize on a historically underserved population: seniors. NewVista develops and operates behavioral health hospitals, substance use disorder (SUD) treatment facilities and outpatient centers. It has at least five locations across Ohio, and another two in the works. NewVista is part of the CommuniCare […]
Odyssey hires new leader Odyssey Behavioral Healthcare has named a new CEO. Richard Clark, an Acadia Healthcare (NASDAQ: ACHC) veteran who has served as president and COO at Odyssey since January 2020, stepped into the role last week. He takes over for Scott Kardenetz, who founded the Brentwood, Tennessee-based behavioral health company back in 2015. […]
Spero Health adds new clinic Spero Health has added a new substance use disorder (SUD) treatment facility in Henderson, Kentucky. Headquartered in the Nashville area, Spero Health is one of the nation’s largest office-based opioid treatment providers (OTPs). It has more than 50 clinics across Kentucky, Ohio, Indiana, Virginia and Tennessee. The company is privately […]
Hopebridge Autism Therapy Centers is already making good on its growth goals for 2021, which include hiring thousands of new employees and opening several new locations by the year’s end. Last month, it announced the addition of six new centers in Arizona, on top of two locations it’s opening soon in Colorado and Indiana. It’s […]
Groups Recover Together — an organization that leverages value-based care to provide group-based medication-assisted treatment (MAT) for opioid use disorder (OUD) — has raised $60 million in Series C funding. Oak HC/FT led the round, joining existing big-name investors such as Optum Ventures, Kaiser Permanente Ventures and others. Founded in 2014 and headquartered in Burlington, […]
Vida Health, a virtual chronic care platform, has raised $110 million in a Series D funding round led by General Atlantic, with additional participation from Centene (NYSE: CNC), AXA Venture Partners and Ardea Capital Partners, among other investors. Headquartered in San Francisco, Vida Health provides virtual integrated care for chronic conditions, treating both physical and […]
Headway — a software company that aims to make therapy more affordable and accessible — has raised $70 million in Series B funding. Andreessen Horowitz led the round, with additional participation from existing investors Thrive Capital, GV and Accel. The latest financing, which comes just about six months after the startup announced $26 million in […]
When it comes to behavioral health providers being reimbursed for their services, documentation is key. But in the applied behavioral analysis (ABA) realm, documentation mistakes that can impact reimbursement and authorizations are common. Just ask Christina Weston, vice president of behavioral health at CareSource, a Medicaid and Marketplace insurer that operates in five states. “One […]
Caron Treatment Centers has spent much of its 60-plus-year lifespan making a name for itself as a private pay substance use disorder (SUD) treatment provider. But in recent years, the not-for-profit broke into the insurance market in a big way: These days, about 80% of its patients are covered by commercial payers, according to Caron’s […]
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