NeuroFlow — a digital health company designed to improve collaborative care — has raised $20 million in Series B financing. Magellan Health (Nasdaq: MGLN) — a managed care organization (MCO) and provider of behavioral health services — led the funding round. The technology platform provider plans to use the new funding to scale its operations […]
In the year ahead, Sierra Tucson Group plans to get personal, expanding its specialty program offerings and honing its trauma-informed care efforts, CEO Valerie Kading recently told Behavioral Health Business. Formed in 2019, Sierra Tucson Group is owned by Acadia Healthcare (Nasdaq: ACHC) and consists of three behavioral health treatment centers: Sierra Tucson, Sierra by […]
Hopebridge Autism Therapy Centers has announced plans to add more than 2,700 new employees and open up to 20 new locations in 2021. Headquartered in Indianapolis and backed by the private equity firm Arsenal Capital Partners, Hopebridge is one of the nation’s largest autism treatment organizations. It provides center-based applied behavior analysis (ABA), diagnostics, occupational […]
Hopebridge hires VP of clinical services Hopebridge Autism Therapy Centers — one of the nation’s largest autism treatment providers — has expanded its leadership team with the hire of a new vice president of clinical services. The company announced the addition of Adam Hahs on Monday. In his new role, Hahn will be responsible for […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
Sign up
Receive industry updates and breaking news from Behavioral Health Business