The world appears set to spend almost twice as much on mental health apps in 2022 than it did in 2019. A new report from the professional services giant Deloitte — titled Technology, Media & Telecommunications 2022 Predictions — says that a “conservative” annual growth rate for global spending on mental health apps is 20%, […]
The number of telebehavioral health visits provided to Medicare beneficiaries increased by 32x — or by 3,090% — in 2020 compared to 2019. That’s according to a new report released by the U.S. Health and Human Services’ (HHS) Office of the Assistant Secretary for Planning and Evaluation (ASPE). The report analyzed claims data from the […]
Quartet Health Inc. raised $60 million in a funding round that was led by the Philadelphia-based insurance company Independence Health Group. The New York City-based behavioral health technology company announced Thursday that existing investors GV and Oak HC/FT also joined the round, which brings the total amount raised to $222 million since 2014. The new […]
Hunter Street Partners sold off a large portfolio of properties that cater to people with intellectual and developmental disabilities (I/DD) to an unnamed buyer. The Minneapolis-based alternative investment management firm announced the sale of the 51-property portfolio on Tuesday to “a private real estate investment company that targets income-producing housing in the sector.” The terms […]
Recently announced changes to Medicare telebehavioral health coverage will impact the entire industry whether providers contract with the program or not. The move from the Centers for Medicare & Medicaid Services (CMS) marks an acceleration of telehealth on top of staking out a point-of-no-return for the industry’s progression toward digital adoption. CMS announced at the […]
Turnover among applied behavior analysis (ABA) staffers steadily climbed over the last few years with the highest levels of turnover growth coming in at the highest levels of the workforce. The Behavioral Health Center of Excellence, a Los Angeles-based applied behavior analysis accrediting body, released a report Tuesday that shows that clinical directors saw the […]
Aptihealth Inc. announced Wednesday that it landed $50 million as part of its Series B funding round. To date, The Boston-based high-acuity digital behavioral health provider said it has raised $65 million since launching in 2018. Aptihealth provides telebehavioral health in partnership with other health care providers through its tech platform to better connect care […]
Another top leader at Talkspace Inc. (Nasdaq: TALK) is out of a job at the New York-based virtual behavioral health care company. With little explanation, the company announced President and COO Mark Hirschhorn’s immediate resignation early Monday morning. Hirschhorn’s responsibilities will be picked up by the executive team at Talkspace. The resignation apparently comes following […]
Valera Health Inc. announced an oversubscribed Series A extension fundraising round that garnered $15 million. The Brooklyn, New York-based high-acuity virtual mental health provider has so far raised $26 million since its founding in 2015. This latest funding round was announced on Nov. 4. Valera Health secured the investment from 16 investors, according to documents […]
Talkspace Inc. revealed that it’s in recovery mode following poor financial performance in the third quarter and the announcement that its co-founders and CEO are no longer leading the company. On Monday, the company said in press releases and through its earnings conference call with management that Co-founders Oren and Roni Frank decided to leave […]
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