The chaos that the coronavirus pandemic inflicted on the behavioral health care industry gave way to a new normal in 2021 based on the many lessons learned in the previous year. And an apparent lesson learned by all is that the demand for behavioral health in the U.S. is immense. This apparently spurred on a […]
Addiction treatment provider Eleanor Health Inc. revealed Thursday it has partnered with Point32Health to better support the behavioral and physical needs of its Medicaid members. Waltham, Massachusetts-based Eleanor Health collaborated with Point32Health to develop a value-based program built on population health that provides comprehensive care to members of Point32Health’s beneficiaries covered by Tufts Health Plan’s […]
The behavioral health industry has seen multiples in deals for outpatient mental health providers hit remarkable highs in the last few years while the addiction treatment space is on the downside of a merger and acquisition high that crested about five years ago. Investors piled into the space and sent multiples sky high before cresting […]
The Medicaid managed care industry faces several challenges stemming from the behavioral health industry’s struggle to integrate itself into several aspects of health care. The Institute for Medicaid Innovation’s annual Medicaid plan survey for 2020 details how a large swath of managed care companies interacted and felt about the health care industry last year and […]
Alameda, California-based Center for Social Dynamics announced it acquired South Sound Behavior Therapy (SSBT), deepening its presence in Washington state. SSBT concentrates its operations on the Seattle and Olympia metros, according to a news release. Terms of the deal were not disclosed. Center for Social Dynamics (CSD) is an autism treatment provider that offers applied […]
Digital-enabled opioid use disorder treatment provider Ophelia Health Inc. raised $50 million in a Series B funding round. The New York City-based company announced Tuesday that Tiger Global Management LLC, also based in the Big Apple, led the round which also saw participation from Good Friends, Menlo Ventures, General Catalyst, Refactor Capital, 640 Oxford Ventures, […]
LifeStance Health Group Inc.’s (Nasdaq: LFST) top leaders say that the company will see its expansion continue more through organic growth in 2022 and beyond. CFO Mike Bruff told the listeners of a virtual chat at Evercore ISI’s HealthCONx Conference that the Scottsdale, Arizona-based hybrid behavioral health company is coming off of a streak of […]
Banyan Treatment Centers formed its first eating disorder treatment program, announcing last week that it rolled out at a Banyan site in Langhorne, Pennsylvania. While presently limited to one facility, the Pompano Beach, Florida-based addiction treatment and mental health provider’s approach calls for providing a full spectrum of treatment to meet a patient’s individual needs. […]
The Biden-Harris administration has bolstered programs meant to overcome the educational costs of getting into the behavioral health workforce in an effort to lessen the staffing pains felt sector-wide. Late in November, the White House hyped $1.5 billion in executive branch spending — $1 billion of which came from the American Rescue Plan Act, passed […]
Nearly two years of brutal workforce pressures have led Universal Health Services Inc. (NYSE: UHS) to restructure its behavioral health patient care models to be less reliant on registered nurses. UHS CFO Steve Filton said the King of Prussia, Pennsylvania-based acute care and behavioral care company is finding state regulators receptive as it seeks clearance […]
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