The days of behavioral health operators providing a single service may be numbered. Today, many payers and patients prioritize providers with a full continuum of care that can meet various needs. Making a behavioral health provider a one-stop shop can mean providing patients with a comprehensive range of care options to access higher and lower […]
Pharma giant Otsuka (OTCMKTS:OTSKY) is teaming up with Alphabet’s life science subsidiary Verily to launch a new longitudinal study to research depression and mental health. The study, called My Mental Health Journey, will use Verily’s technology to collect real-world data from individuals living with depression and mental health disorders. The goal of the research is […]
Digital addiction provider Pelago, formerly Quit Genius, has launched a new contingency management program for substance use disorder (SUD). Contingency management programs incentivize positive behaviors by awarding participants with prizes, privileges or financial incentives for desired actions. In Pelago’s program participants will be awarded a Pelatoken for certain behaviors including entering the app for the […]
Teladoc’s (NYSE: TDOC) longtime CEO Jason Gorevic has stepped down amid the company’s ongoing struggles on the public market. The company’s Chief Financial Officer Marla Murthy will step in as acting CEO during the transition period, according to the Teladoc’s board of directors. Teladoc is one of the largest virtual care companies in the country. […]
The Centers for Medicare and Medicaid have fallen short in ensuring several states comply with Medicaid managed care mental health and substance use disorder parity requirements. That’s according to a new audit by the Office of Inspector General (OIG), which evaluated eight states with Medicaid managed care contracts. Four of the states in the review, […]
The Autism Impact Fund (AIF) has closed its first fund with $60 million in capital. Founded in 2021, AIF is focused on fueling new diagnostics and treatment for people with autism, neurodevelopmental disorders, mental health and other complex chronic conditions. After his son was diagnosed with autism, Chris Male, co-founder and managing partner, began the […]
Payers and providers are increasingly pushing for more measurement-based care in behavioral health. However, in order for the change to work, key stakeholders, including clinicians and other behavioral health providers, need to buy in. This puts the onus on operators to make it easier for clinicians to implement measurement-based care, and for payers to foster […]
Behavioral health-focused virtual reality company Floreo has acquired Autism Eyes, an autism diagnostic tool developed by Cleveland Clinic Innovations. This news coincides with an announcement that Cleveland Clinic has made a strategic investment in Floreo. Founded in 2016, Floreo uses a virtual reality platform to help neurodiverse individuals develop new skills. The platform allows therapists […]
The Centers for Medicare and Medicaid Services (CMS) has released its 2025 proposed rule for prospective payments and policies for Medicare-reimbursed inpatient psychiatric facilities. CMS has proposed a 2.7% increase in the payment rate of inpatient psychiatric facilities (IPFs) for 2025. The agency estimates that the total payments to IPFs in 2025 will increase by […]
Staffing challenges plagued the behavioral health workforce in the wake of the COVID-19 pandemic, but the employment environment might be improving for operators. In 2023, 53% of behavioral health insiders said that staff was the biggest challenge in the industry, which dropped to 42% in 2024, according to a Behavioral Health Business survey. Several tailwinds […]
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