Mental health claims continue to encompass a huge share of telehealth utilization in the U.S. But for the first time this year, that share of telehealth claims shrank — a little. This comes within an incremental, but months-long decline in overall telehealth utilization in the U.S., according to new data from New York City-based nonprofit […]
Acadia Healthcare Co. Inc.’s leadership sees facility expansion as its best bet for the future of the company and hopes to capitalize on what it calls a fragmented behavioral health industry. On Friday, Acadia Healthcare CEO Debbie Osteen said that its expansion efforts will be aided by a market and society that is more friendly […]
Eleanor Health Inc. grew up as a company with the concept of hybrid care models from the start. That served the Waltham, Massachusetts-based outpatient substance use disorder treatment provider well when Covid forced the entire health care sector into almost exclusively providing telehealth. “When COVID hit, I think we were probably doing 75 or 80% […]
Investment in youth mental health companies nearly octupled (yes that’s a word) in the first half of 2021 compared to the whole of 2020. That’s according to a new report released by an investment initiative led by San Francisco-based Vinaj Ventures, incorporated as Vinaj LLC. In specific terms, Telosity by Vinaj Ventures found that investment […]
Owners of Boston-based Sevita Health apparently want to sell a minority stake in the community-based and in-home care service company for people with intellectual and developmental disabilities (I/DD). PEHub.com reports that New York City-based Centerbridge Partners LP and Chicago-based Vistria Group LP are seeking to sell a stake in the company and value it at […]
For Russ Glass, CEO of the newly formed Headspace Health, scaling up the business he leads comes with a strategic and moral imperative — the question now is how and where Headspace Health should make its moves. Glass formerly led San Francisco-based on-demand virtual behavioral health Ginger.io Inc. which merged with Santa Monica, California-based Headspace […]
Universal Health Services Inc. can’t fill gaps in its nursing workforce — even when it pays top dollar to hire contract nurses. Steve Filton, CFO for the King of Prussia, Pennsylvania-based behavioral and acute care giant, said that the present labor shortage in health care led UHS to cap bed capacity in the third quarter. […]
Last week, Pear Therapeutics announced that MassHealth will reimburse for prescriptions for Pear’s products reSET and reSET-O. The former treats substance use disorder while the latter treats opioid use disorder. Founded in 2013, Pear Therapeutics develops prescription digital therapeutics: or PDTs. The company has successfully received clearance to commercialize three PDTs. The third, other than […]
A new study released by an American Psychiatric Association publication finds only a slight link between telehealth and good outcomes in the addiction treatment space. In large part, that’s because the potential evidence to consider when comparing in-person treatment to telehealth in addiction treatment is scant. The study was conducted by researchers with RTI International […]
Dexter Braff, the president of Pittsburgh-based health care M&A advisory firm The Braff Group, didn’t hold back when describing the red-hot behavioral health merger and acquisition market. “COVID has made us all insane,” Braff said, speaking to attendees of Behavioral Health Business’ inaugural INVEST Conference in Chicago last week. While he admits he can get […]
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