Ginger has raised another huge chunk of financing. This time, the on-demand virtual behavioral health care system brought in $100 million in a Series E round led by funds managed by Blackstone Growth. The new money brings Ginger’s total funding raised to more than $220 million, according to a press release announcing the news. Plus, […]
Appriss Health, a care coordination software company focused on behavioral health, has acquired PatientPing, which also provides care coordination software but focuses on seniors and patients with complex needs. Appris Health announced the news Tuesday. While the companies did not formally disclose the terms of the transaction, PE Hub reported that PatientPing went for $500 […]
When it comes to value-based care, there is no one size fits all approach. In general, the goal is to improve patient outcomes while reducing the cost of care. But there are a number of ways to do that, so agreements often look different from state to state and payer to payer. However, there are […]
Telehealth has been vital in helping behavioral health providers navigate the COVID-19 pandemic. Regulatory flexibilities and payer leniency are largely to thank for that, but it’s unclear which of those freedoms will remain in place post-pandemic. Behavioral stakeholders from some of the health care industry’s largest organizations believe that data and provider input should ultimately […]
Health care’s shift from fee-for-service reimbursement to value-based care has been slow. But finally, the coronavirus is accelerating the industry’s movement in that direction, which bodes well for behavioral health providers, who are known for the long-term outcomes they deliver. Even health insurance giants like Anthem (NYSE: ANTM) are jumping on board: Earlier this month, […]
Like most behavioral health providers, AnswersNow had its business turned upside down last year when the coronavirus hit the U.S. Unlike most other organizations, though, the autism services company turned the turmoil into an opportunity to revamp its business model — which it’s currently working to expand nationwide, with the help of insurers and potentially […]
Inpatient admissions for behavioral health recovered from the coronavirus at a much quicker rate than for other medical services, according to a Milliman analysis of behavioral health claims from 12.5 million people. Milliman is an international actuarial and consulting firm based in Seattle, Washington. The results of the report — shared with Behavioral Health Business […]
Despite the long-term cost savings and improved outcomes associated with behavioral health care, providers in the space are typically rewarded with meager fee-for-service reimbursement rates. As such, many behavioral health organizations struggle with slim margins, making it hard for them to offer all the services that are beneficial for patients. But in the next few […]
Leaders at CVS Health (NYSE: CVS) are keeping their eyes on behavioral in 2021 and beyond. In its recently released annual Health Trends Report, the health care giant identified the ongoing mental health crisis as a factor likely to define the health care industry overall in 2021. The prediction comes as the coronavirus has worsened […]
Behavioral health real estate has long been overlooked by institutional capital. The fragmented nature of the industry made worthwhile targets hard to come by. Plus, the wide variety of behavioral health facility types means the industry is more complicated to navigate than, say, the skilled nursing or medical office spaces. But in recent years, that’s […]
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