SUD Startup Monument Raises $10.3M

Monument — an online treatment platform for alcohol use disorder (AUD) — has closed on $10.3 million in Series A funding. It brings the startup’s total funding raised up to $17.8 million. Based in New York, Monument connects users to a free anonymous community, therapist-moderated groups and other resources to help them change their relationship […]

Top Behavioral Health Trends of 2021, Beyond

In 2020, the coronavirus put unprecedented strain on the behavioral health industry. Providers faced decreased revenues and increased costs, all as demand spiked. While the new year is often associated with new hope, the reality is that COVID-19 will continue to shape the behavioral health industry in 2021 and beyond. That likely means we’ll see […]

Transactions: Discovery Behavioral Health Expands Family of Brands; Three Providers Buy into New States

Discovery Behavioral Health acquires Prosperity Wellness Center   Discovery Behavioral Health — PE-backed network of behavioral health centers — has acquired Prosperity Wellness Center — a 40-bed residential SUD treatment facility in Tacoma, Washington. Financial terms of the transaction were not announced. Headquartered in Orange County, California, Discovery is a portfolio company of Webster Equity Partners. […]

Top Audit Warning Signs for Behavioral Health Providers

As the behavioral health industry draws more government funding, it’s also getting newfound scrutiny from state and federal regulators. Enforcement actions against behavioral providers are on the rise, especially for those organizations that participate in Medicare and Medicaid. Consequently, compliance planning is more important than ever — and so is identifying warning signs that suggest […]

Untreated Autism Linked to Heightened Risk of SUD

People on the autism spectrum could be more likely to develop substance use disorders (SUD), according to new research published in JAMA Pediatrics. The study comes out of Taiwan, where researchers used health insurance data to investigate the risk of SUD among people with autism. To reach the findings, the study’s authors looked at data […]

Investors Predict Increased Collaboration Between Behavioral Health, Home Health in 2021

For decades, behavioral health services have been delivered in facility-based settings, whether those be inpatient psychiatric hospitals or outpatient clinics. But in 2020, that changed. The coronavirus forced telehealth into the mainstream, in turn making remote behavioral health care delivery commonplace. Nearly a year later, industry stakeholders agree there’s no putting the genie back into […]

SUD Treatment Provider, Former CEO to Pay $6M for Medicaid Fraud

The former founder and CEO of a New York-based addiction treatment facility has agreed to reimburse the state Medicaid program $3 million, according to Attorney General Letitia James.  The agreement comes after Stephen Yohay admitted to taking part in a false Medicaid billing scheme, according to a press release announcing the news. The fraud occurred […]

Gateway Foundation Leverages Grant to Launch Gambling Treatment Program

More and more American have started to recognize substance use disorder (SUD) as a health condition rather than a moral failing. However, other forms of addiction — such as gambling — have yet to be afforded the same courtesy. Many payers, including Medicaid, still don’t reimburse for gambling addiction treatment. That’s despite state and federal […]

Pipeline: Pinnacle’s New OTP; Action Behavior Centers Expands

Pinnacle Treatment Centers expands in Ohio Pinnacle Treatment Centers has opened a new opioid treatment program (OTP) in Sandusky, Ohio. The addition marks the provider’s 15th location in the state. Headquartered in New Jersey, Pinnacle provides the full range of medication-assisted treatment (MAT) services. It has more than 115 locations across eight states and specializes […]