The Biden administration on Thursday handed down a deadline for health care providers to get their workers vaccinated. This comes at a time in the behavioral health industry where many providers struggle to fully staff up their operations in the face of a massive health care staff shortage. Some industry insiders believe new federal rules […]
The Centers for Medicare and Medicaid Services issued a final rule that it says promotes wider use of telehealth in the behavioral health industry. On Tuesday, the federal health care regulator announced its final rule on the Physician Fee Schedule for Medicare payments for the calendar year 2022. In it, CMS eliminates restrictions on where […]
Toronto-based MindBeacon Holdings Inc. acquired Las Vegas-based Harmony Healthcare LLC in a deal that closed Monday. Harmony Healthcare was an entity formerly operated by Franklin, Tennessee-based Acadia Healthcare Co. Inc. Public filings for the company show that Harmony Health was a DBA of the Acadia subsidiary PHC of Nevada Inc. as recently as the end […]
Scottsdale, Arizona-based LifeStance Health Group Inc. (Nasdaq: LFST) announced the acquisition of Seattle-based company Acuity Counseling. On its website, Acuity announced that LifeStance Health made the acquisition on Oct. 21 but further details on the deal are sparse. Founded in 2016 by its CEO Colleen Hilton, Acuity operates in seven locations across Seattle, Tacoma and […]
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 […]
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