Anthem Completes Acquisition of Beacon Health Options

Anthem (NYSE: ANTM) has completed its acquisition of Beacon Health Options. Financial terms of the transaction were not disclosed. Prior to the deal, Boston-based Beacon billed itself as the largest independently held behavioral health organization in the country, serving more than 36 million people nationwide. Meanwhile, Indianapolis-based Anthem — which first announced it would buy […]

DEA’s Proposed Rule Would Make It Easier for Providers to Offer Remote MAT

The Drug Enforcement Administration (DEA) has proposed a rule that would make it easier for behavioral health providers to remotely provide medication-assisted treatment for opioid-use disorder (OUD). The proposal would allow narcotic treatment programs to dispense methadone remotely using mobile units without requiring them to get separate registration to do so.  Currently, providers have to […]

Trump Administration Transfers SAMHSA Money to Help Fund Coronavirus Response

The Trump administration will take nearly $5 million from the Substance Abuse and Mental Health Services Administration (SAMHSA) to help fund its coronavirus response efforts.  The administration is transferring $136 million from other programs and has requested another $1.25 billion in new funding to help pay for research and prevention efforts. That includes $4.9 million […]

UHS Considering More Than 40 New Behavioral JV Opportunities

Universal Health Services (NYSE: UHS) has more than 40 behavioral health joint venture opportunities in the pipeline, on top of ten projects recently completed or in the works. CFO Steve Filton highlighted those opportunities Thursday morning during the company’s fourth-quarter and year-end 2019 earnings call. “It reflects a very active pipeline,” Filton told investors. “It […]

HHS Assistant Secretary for Health: Shortage of Residential MAT ‘Absolutely Unacceptable’

Expanding medication-assisted treatment (MAT) for opioid use disorder (OUD) and combating the resurgence of meth are currently top priorities for the U.S. Department of Health and Human Services (HHS), according to Admiral Brett Giroir, assistant secretary for health at HHS. Giroir shared those goals and others during a Tuesday presentation at the 2020 CMS Quality […]

Sabra Health Care REIT Bullish About Its Slow-Growing Behavioral Business

Sabra Health Care REIT (Nasdaq: SBRA) is doubling down on its interest in behavioral health, especially addiction treatment, but don’t expect to see a whirlwind of deals just yet.  “Our current acquisition pipeline is just under $1 billion,” CEO Rick Matros said Monday during the company’s fourth-quarter and year-end earnings call. “It’s still primarily senior […]

Investment in Mental Health Tech Up Nearly Fivefold Since 2014

Global investment into mental health technology has increased nearly fivefold since 2014, according to a recent study published by London-based early stage venture capital giant Octopus Ventures. The findings were originally conveyed in pounds, but Behavioral Health Business converted them to dollars using the exchange rate as of Feb. 24. In 2014, investors worldwide funneled […]

Providers Beware: Behavioral Health Fraud Investigations, Recoveries on the Rise

Most behavioral health providers agree it’s a good thing: The federal government continues to funnel more money into behavioral health initiatives, such as fighting the opioid epidemic and funding certified community behavioral health clinics (CCBHC). But as providers find themselves with more federal dollars, they’re also more likely to face increased scrutiny over their practices, […]

Co-Founder of Addiction Center Pleads Guilty for Role in $100M Fraud Scheme

The co-founder of a Pennsylvania addiction rehab center has pleaded guilty to conspiracy to commit health care fraud for his role in an “elaborate” insurance scheme, according to the U.S. Department of Justice (DOJ). The scheme fraudulently billed insurers for more than $100 million, local newspaper The Intelligencer reported. Defendant Branden Coluccio entered the plea […]