Woebot Health Gets $9M Investment from Bayer AG, Brings Total Funding to $123M

Digital mental therapeutics provider Woebot Health has raised $9.5 million from Leaps by Bayer, the investment arm of global pharmaceutical and consumer health company Bayer AG. Founded in 2017, San Francisco-based Woebot Health uses artificial intelligence (AI) and a relational agent – dubbed “Woebot” – to provide mental health advice and solutions to users via […]

HHS Commits Over $25M to Expand Medication Assisted Treatment for Opioid Use Disorder

The U.S. Department of Health and Human Services (HHS) announced Tuesday that it is rolling out two grant programs totaling $25.6 million to expand medication-assisted treatment (MAT) for opioid use disorder (OUD), along with preventing the misuse of prescription drugs. The funding – which is being dispersed through the Substance Abuse and Mental Health Services […]

White Oak Healthcare Finance Provides Recapitalization and Growth Funding to Youth Opportunity Investments

White Oak Healthcare Finance has announced that it has acted as the sole lender and administrative agent of a credit facility to Youth Opportunity Investments (YOI), a Carmel, Indiana-based provider of adolescent and psychiatric treatment services. The facility will be used to recapitalize and extend growth capital to YOI, which was founded in 2009 and […]

Mental Health Services Platform Alma Joins Evernorth’s Network

Alma – which is a business services platform for independent mental health practitioners – has joined the behavioral health network of health care solutions provider Evernorth, which is a division of insurer Cigna (NYSE: CI). The partnership has already taken effect, as Evernorth customers are currently able to use Alma’s online directory to locate in-network […]

After Scoring $17M, Mightier Seeks to Improve Youth Emotional Health through Its Gaming Solutions

Over time, various studies and academic literature have asserted that video games – long thought by many to contribute to adverse behaviors – can have positive emotional effects on users. A believer in the positive power of the video game experience, Boston-based Mightier is a gaming platform designed to improve a variety of behaviors among […]

OIG Opinion Sees Favorable Outlook for Contingency Management Services

In the fight against substance use disorders (SUDs), a number of providers have been turning to contingency management (CM) services as a solution, and a new report from the government shows it is working. The idea of providing certain incentives to individuals for hitting treatment benchmarks has been backed by various published studies. Additionally, the […]

evolvedMD Partners with NeuroFlow to Scale HonorHealth’s Regional Collaborative Care Program

evolvedMD, which provides behavioral health staffing and services to primary care providers, is partnering with care coordination platform NeuroFlow at over 20 locations in the Southwest. Philadelphia-based NeuroFlow will employ its proprietary patient registry and mobile technology as part evolveMD’s collaboration with HonorHealth, a nonprofit health care provider based in Arizona. NeuroFlow’s registry will collect […]

Over 80% of Americans Prefer Virtual Behavioral Health Services

Telehealth is not going anywhere and most people prefer to receive such assistance for behavioral health concerns, according to a new survey by commercial real estate company Jones Lang LaSalle (JLL). The survey was conducted this January as Medicare began expanding options for where recipients can receive telehealth services – a move that behavioral health […]