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 […]
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 […]
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 […]
Psychological distress among Americans was as prevalent during the first month of the coronavirus pandemic as it was for the entire year prior to the COVID-19 emergency, according to a new study. The findings, which come from the nonprofit research organization RAND Corporation, have been published online by the peer-reviewed medical journal Preventive Medicine. For […]
Centene Corporation (NYSE: CNC) — a managed care organization (MCO) — has entered into a definitive agreement to buy Magellan Health (Nasdaq: MGLN) — an MCO and provider of behavioral health services. The goal of the $2.2 billion deal is to bolster Centene’s behavioral health offerings. The transaction, which is expected to close in the […]
President Donald Trump has signed a $2.3 trillion stimulus bill into law. Signed Dec. 27, the legislation includes billions in behavioral health funding. The relief package includes an additional $4.25 billion in funding for the Substance Abuse and Mental Health Services Administration (SAMHSA) on top of regular fiscal year 2021 spending. That funding will be […]
The Center for Autism & Related Disorders (CARD) is currently the largest autism treatment provider in the world, with 235 locations across 27 states. But the 30-year-old company wasn’t always the behemoth that it is today. In fact, CARD founder and executive director Doreen Granpeesheh attributes much of the company’s success to being in the […]
Acadia Healthcare (Nasdaq: ACHC) has entered into a definitive agreement to sell its United Kingdom business, the company announced Dec. 30. Waterland Private Equity has agreed to purchase the assets for about 1,078 million pounds, or $1.47 billion. The deal will generate approximately $1.35 billion in proceeds for the behavioral health behemoth, according to a […]
The Centers for Medicare & Medicaid Services (CMS) has approved section 1115 Medicaid demonstration waivers for Oklahoma and Maine. As a result, both states may now bypass the IMD exclusion for substance use disorder (SUD) patients. Plus, Oklahoma can also bypass the rule for patients with serious mental illness (SMI) and/or serious emotional disturbance (SED). […]
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