The Centers for Medicare & Medicaid Services (CMS) has issued its Fiscal Year 2022 prospective payment rule for inpatient psychiatric facilities (IPFs). The final rule, which takes effect October 1, 2021, increases Medicare payment rates for IPFs by 2%. CMS projects total payments to IPFs to increase $80 million in FY 2022 compared to FY […]
The American Medical Association (AMA) is considering new CPT codes for behavioral health services provided remotely. The move could make it easier for providers to permanently be paid for delivering virtual and digital mental health services. Specifically, AMA’s CPT Editorial Panel is considering new CPT codes for the following: Digital Behavioral Therapy Management — “Establish […]
SonderMind — a technology-enabled behavioral health matching company — has raised $150 million in Series C funding. The new financing brings the company’s total funding raised up to $183 million — and pushes its valuation north of $1 billion, according to Fierce Healthcare. New investors Drive Capital and Premji Invest co-led the round, with additional […]
Talkiatry Raises $20M in Series A Talkiatry has raised $20 million in Series A funding, the in-network psychiatric care provider announced Tuesday. That includes $5 million led by Sikwoo Capital Partners, which was previously announced in February, as well as another $15 million led by Left Lane Capital. Relevance Ventures and Dr. Richard Park, founder […]
Ginger is diving into Medicaid through a new partnership with AmeriHealth Caritas District of Columbia. Under the agreement, all 110,000 AmeriHealth Caritas DC Medicaid plan enrollees will have access to Ginger’s full suite of virtual mental health services for free. The announcement comes just a few months after Ginger CEO Russ Glass shared his ambitions […]
Walmart (NYSE: WMT) is preparing to expand its health care offering into dozens of news states, according to Business Insider. Specifically, the retail giant has filed paperwork to do business in a total of 37 states, where it is interested in providing telehealth in the future, the publication reported. The move could vastly expand the […]
Caravel opens new center Caravel Autism Health has opened a new center in Meridian, Idaho. It adds to Caravel’s other locations in the state, which are based in Boise and Nampa. Overall, Caravel has more than 40 locations throughout Illinois, Wisconsin, Minnesota, Washington, Iowa and Idaho. It is owned by the private equity and venture […]
Cerberus Capital Management has agreed to buy Lighthouse Autism Center from Abry Partners for a reported value of more than $400 million, according to PE Hub. In reporting the news, the publication cited four sources with knowledge of the deal, which it said is nearing completion. Based near South Bend, Indiana, Lighthouse provides center-based applied […]
Happify Health — a digital, software-enabled behavioral health platform — has launched a new digital therapeutic to treat depression and anxiety. Called Ensemble, it’s the first and only transdiagnostic prescription digital therapeutic able to treat patients with both conditions, according to the company. The evidence-based therapy tool must be prescribed by a clinician and is […]
The behavioral health industry remains on track to close a record-breaking number of deals this year, second-quarter transactions data shows. In Q2, the healthcare mergers & acquisitions firm Mertz Taggart logged 26 deals, bringing the total count for the first half of 2021 up to 57. Much like in the first quarter of the year, […]
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