Four behavioral health providers in Arkansas have announced plans to merge and form one integrated behavioral health system. Financial terms of the deal were not disclosed. The new non-profit, Arisa Health, will be headquartered in Springdale and have 49 locations in 41 counties in the northern half of the state. Counseling Associates, Mid-South Health Systems, […]
The parent company of Blue Cross Blue Shield plan providers in five states is being sued over allegations that it’s been denying behavioral health benefits to members due to overly restrictive guidelines, according to Law360. The federal lawsuit seeking class action status was filed late last month against Chicago-based Health Care Service Corporation (HCSC). The […]
HonorHealth and Universal Health Services, Inc. (NYSE: UHS) have signed an agreement to open a new behavioral health hospital in the greater Phoenix area. Financial terms of the deal were not disclosed. HonorHealth is a nonprofit health system serving about 1.6 million people in and around Phoenix. It has five acute-care hospitals, multiple outpatient surgery […]
The opioid epidemic cost the U.S. an estimated $696 billion in 2018 alone — and more than $2.5 trillion total from 2015 to 2018, according to new estimates from the White House Council of Economic Advisers (CEA). The White House released those numbers last week, demonstrating the continued importance of substance abuse treatment facilities nationwide. […]
Although Sabra Health Care REIT (Nasdaq: SBRA) only made its first investment in the addiction treatment sector in the third quarter of 2019, company leaders are optimistic they’ll dive deeper into the space in the future. “We’re working on some other opportunities there as well,” Sabra CEO Rick Matros told investors Thursday on the company’s […]
For decades, behavioral health care was shrouded in stigma, making effective services hard to come by — and pay for. But now, need, payment and technology are aligning to make behavioral health care services more accessible than ever before. In many ways, that’s a good thing: It means more people can successfully address issues related […]
The number of Medicaid beneficiaries receiving medication-assisted treatment (MAT) to fight opioid use-disorder (OUD) is growing — but significant barriers to access remain. Between 2013 to 2017, the number of Medicaid prescriptions for MAT medications boomed, tripling for one drug — buprenorphine — and quadrupling for another — naltrexone. Despite the spike, 56% of beneficiaries […]
The Trump administration has launched a new website designed to make it easier for Americans to find reputable addiction treatment options. The White House unveiled the website, FindTreatment.gov, on Wednesday. The tool helps users sort through a directory of addiction treatment providers that is kept by the Substance Abuse and Mental Health Services Administration (SAMSHA). […]
The New York Stock Exchange has started the process to delist AAC Holdings, Inc. (NYSE: AAC), the parent company of American Addiction Centers. The news comes after the NYSE suspended trading on the stock just a few days earlier. Both moves are a consequence of AAC falling below the NYSE’s continued listing standard. It requires […]
The number of doctors in Montana prescribing medication-assisted treatment (MAT) has increased about 650% in just two years, according to the Montana Department of Health and Human Services (MDHHS). Back in January, 2017, the state had just over 20 MAT providers — but today, it has more than 130. MDHHS released those numbers in conjunction […]
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