COVID-19 Likely to Worsen Behavioral Health Workforce Shortage

The entire world is feeling the economic impact of the coronavirus, or COVID-19. With sports seasons suspended, events canceled, businesses closed and travel discouraged, the pandemic is battering just about every industry in the U.S. And while experts predict COVID-19 will boost the demand for behavioral health services, that isn’t necessarily a good thing, as […]

Alcoholics Anonymous May Be Most Effective Path to Abstinence

Alcoholics Anonymous (AA) may be the most effective path to abstinence for people with alcohol use disorder, according to a new analysis published Wednesday.  To reach their findings, the researchers reviewed 35 studies, which involved 145 scientists and 10,080 participants. They found that AA was almost always more effective than psychotherapy at helping people with […]

Senators Rally Behind Bills to Expand, Extend CCBHC Medicaid Demonstration

More than 80 Certified Community Behavioral Health Clinic (CCBHC) advocates convened on Capitol Hill Wednesday to urge Congress to extend and expand the CCBHC Medicaid demonstration program. Specifically, they’re asking lawmakers to support the Excellence in Mental Health and Addiction Treatment Expansion Act (S. 824/H.R. 1767), which would expand the pilot by two years and […]

Coronavirus Concerns Shake Up Behavioral Health Industry, Could Boost Demand for Services

This week has been a rough one for U.S. stocks, with the S&P 500 halting trading twice and the Dow Jones Industrial Average experiencing its worst drop since 1987. Concerns over the coronavirus, or COVID-19, were largely to blame.  The market’s drop took behavioral health stocks down with it, with Universal Health Services (NYSE: UHS) […]

CMS Rule to Help Behavioral Health Providers Coordinate Patient Care Post-Hospitalization

The Centers for Medicare & Medicaid Services (CMS) has released a new final rule that will help behavioral health providers coordinate care by requiring hospitals to notify them when their patients have been admitted. The Interoperability and Patient Access rule applies to acute care, psychiatric and critical access hospitals that participate in Medicare and Medicaid. […]

Hopebridge CCO Shares Aggressive Growth Algorithm, ‘Grow-Your-Own’ Staffing Model

Hopebridge Autism Therapy Centers, which is already one of the country’s largest autism treatment providers, is expanding its footprint even more in 2020. Indianapolis-based Hopebridge is a completely center-based provider of applied behavior analysis (ABA), diagnostics, occupational therapy and speech therapy. It serves children as young as 18 months and as old as 12 but […]

Lyra Health Helps Providers Improve, Capitalize On Employee Mental Health Benefits

While more and more employers are offering mental health benefits, that doesn’t always translate into opportunities for traditional behavioral health providers. Many companies opt to provide the benefits through app-based solutions that specialize in remote coaching and stress-reduction, with trendy startups like Headspace and Ginger winning business from corporate giants such as Starbucks (Nasdaq: SBUX), […]

Transactions: Ginger Acquires LiveBetter’s Tech; Landmark Recovery Buys New Building

Ginger acquires technology assets of LiveBetter San Francisco-based health and wellness startup Ginger has acquired the technology assets of LiveBetter, a free app that helps users address select mental health challenges. Financial terms of the deal were not disclosed. San Francisco-based Ginger is a virtual behavioral health care system that delivers coaching, therapy and psychiatry […]

SUD Care Optimization Platform axialHealthcare Raises $15M

A care optimization platform that helps patients, providers and health plans navigate substance use disorder (SUD) has raised $15 million in Series C funding. The money will be used to accelerate axialHealthcare’s expansion into the SUD treatment and recovery sector, according to a press release announcing the news. Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture […]

Sabra CEO Interested in Institutional Behavioral Opportunities, Not ‘Fancy Malibu Retreats’

Behavioral health deals could represent a large opportunity for Sabra Health Care REIT (Nasdaq: SBRA) in the future, according to CEO Rick Matros. Irvine, California-based Sabra is a real estate investment trust (REIT) with a portfolio of 429 properties across the United States and Canada. It has historically specialized in senior housing, skilled nursing and […]