President Joe Biden has signed into law the American Rescue Plan Act of 2021, a $1.9 trillion COVID-19 relief bill that will boost unemployment benefits, provide stimulus checks to most Americans, ramp up the coronavirus vaccine roll out and set aside funding for small businesses and schools. More importantly for behavioral health providers — 40% […]
Substance use disorder (SUD) treatment stakeholders are asking the Office of the Inspector General (OIG) at the Department of Health and Human Services (HHS) to make it easier for providers to use contingency management to help people overcome addiction. Contingency management uses positive reinforcement to motivate certain behaviors. In the case of SUD treatment, that […]
Richard Kresch is somewhat of a serial entrepreneur in the behavioral health space. Over the past 20 years, the psychiatrist has built and sold two different companies, Heartland Health Developments and Ascend Health Corporation, which are now part of Acadia Healthcare (Nasdaq: ACHC) and Universal Health Services (NYSE: UHS), respectively. His latest project is US […]
Ginger, an on-demand virtual behavioral health care system, has teamed up with Tridiuum, a digital behavioral health solutions provider. The ultimate goal is to help guide patients to the most appropriate level of behavioral health care. Headquartered in San Francisco, Ginger works with employers, health plans and other groups to deliver on-demand behavioral health coaching, […]
Substance use disorder (SUD) treatment providers have already been on a regulatory rollercoaster this year — and there could be even more changes ahead. As one of the Trump administration’s final moves in office in January, the U.S. Department of Health and Human Services (HHS) announced that it was nixing the X-waiver requirement for DEA […]
Amid the pandemic, the health care industry at large seems to finally recognize the importance of behavioral health care. But not everyone is sold on providing those services. In fact, nearly a quarter of health care CFOs say their organizations plan to get out of the behavioral health game, according to a recent report from […]
Community Psychiatry purchases Harbor Psychologist Community Psychiatry — an growing outpatient behavioral health provider — has announced acquisition of Harbor Psychologist, Inc — which provides a range of psychiatric and psychological services to children and adults. Terms of the deal were not disclosed. Headquartered in Sacramento, Community Psychiatry provides a variety of virtual and in-person […]
Behavioral health providers lament the problem all the time: There just aren’t enough workers to keep up with the growing demand for services. Low reimbursement rates and slim operating margins are a big part of the problem because they hinder providers’ ability to pay competitive wages. The consensus among providers is that higher reimbursement rates […]
HCA Healthcare (NYSE: HCA) — a publicly traded health system with national scale — could be in the market for behavioral health assets. Headquartered in Nashville, HCA operates more than 2,000 care sites across 21 states and the United Kingdom. Those locations include surgery centers, freestanding ERs, urgent care centers, diagnostic and imaging centers, walk-in […]
After a quiet few years on the homefront, Acadia Healthcare (Nasdaq: ACHC) has its sights set on domestic expansion and a 10% EBITDA growth rate. It’s all part of the behavioral health provider’s five-year plan, which leaders touted late last month during Acadia’s Q4 and year-end earnings call. CEO Debbie Osteen recently provided more color […]
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