Headspace Exec Pushes Back on App Criticism, Touts 500% Spike in Employer Offering Interest

Mental health and mindfulness apps have boomed amid the pandemic, and Santa Monica, California-based Headspace is no exception. In June, the digital mindfulness and meditation company pulled in another $47.7 million in Series C funding. That’s on top of the $53 million it touted back in February, pushing its total Series C equity funding raised […]

AI Algorithm Could Help Predict SUD, Personalize Rehab Treatment Plans

Researchers at Pennsylvania State University have developed a new algorithm that uses artificial intelligence (AI) to identify homeless youth at risk of developing substance use disorder (SUD). The hope is that the formula will eventually help homeless centers intervene with personalized rehab programs before and after at-risk youth develop SUD. “If it brings about even […]

Pipeline: Construction Begins on $357M Psych Hospital; New MAT, ABA Centers

Construction starts on $357 million psych hospital Crews have started construction on a $357 million psychiatric facility in Texas, according to the San Antonio Express-News. The site, which will have 300 beds and private rooms for all patients, will eventually serve as a replacement for the San Antonio State Hospital. It’s expected to open in […]

AAC Pivots Marketing Strategy, Gets Personal Amid Pandemic

The past year has been one of realignment for AAC Holdings (OTC: AACH), the parent company of American Addiction Centers. Last October, it was delisted from the New York Stock Exchange (NYSE) following financial struggles and exits from several top company leaders. Then this June, AAC filed Chapter 11 bankruptcy as a way to recapitalize […]

Hazelden Betty Ford CEO to Retire in 2021

Hazelden Betty Ford Foundation CEO Mark Mishek has announced he will retire next year.  Created as a result of a merger between Hazelden Foundation and Betty Ford Center, the organization dubs itself as the largest nonprofit substance use disorder (SUD) treatment provider in the country. It has 17 locations nationwide, offering both inpatient and outpatient […]

Livongo, Magellan Health Partner to Accelerate Digital Behavioral Health

Magellan Health (Nasdaq: MGLN) — a managed care organization (MCO) — and Livongo (Nasdaq: LVGO) — a digital health management company — are teaming up to accelerate self-directed behavioral health care. The strategic partnership will give Magellean customers and their members constant access to Livongo for Behavioral Health’s digital, self-guided services. The two companies will […]

Nearly 40% of Behavioral Providers on Brink of Financial Collapse

Nearly 40% of behavioral health organizations say they can only survive six months or less given the current financial situation they are facing. At the same time, more than half of all providers have seen an increased demand for services since the pandemic hit. Those are just a few key takeaways from the National Council […]

Care Integration Framework Aims to Help Behavioral Providers Improve Outcomes, Entice Payers

Care integration is often viewed through the lens of physical health care: How can primary and urgent care providers blend behavioral health care services into the medical treatment they provide? However, addressing patients’ physical health needs during behavioral health treatment can be equally as important. Studies suggest that behavioral health providers can improve patient outcomes […]

Citing COVID-19, Florida Addiction Treatment Provider Files Chapter 11

Destination Hope — an addiction treatment provider in Fort Lauderdale, Florida — has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern District of Florida. The company submitted the voluntary petition August 28, citing the coronavirus and other issues as the impetus.  Founded in 2007, Destination Hope provides substance use disorder […]