Sports betting company DraftKings has teamed up with Kindbridge Behavioral Health in an effort to provide therapy to individuals with a gambling problem. The partnership, which started as a pilot program in Colorado, will now run in all 25 states where DraftKings operates. When an individual with a DraftKings account opts to “self-exclude” from gaming, […]
Pediatric behavioral health provider InStride Health has raised $30 million in Series B funding. General Catalyst led the round with participation from .406 Ventures, Valtruis, Mass General Brigham Ventures and Hopelab Foundation. This new funding round brings the company’s total raise to $56 million and comes roughly a year and a half after the company […]
Virtual mental health company Brightside Health has landed $33 million in Series C funding. Venture firm S32 led the new round of funding, which included participation from Kennedy Lewis, Time BioVentures, Redwood Pacific, ACME, Mousse Partners, and Triventures. This comes roughly two years after Brightside Health closed a $50 million Series B funding round led […]
Telehealth treatment may be an effective way for pregnant individuals to continue medication-assisted-treatment (MAT) for opioid use disorder (OUD). A new analysis by Workit Health, a virtual addiction treatment provider, that was published in JAMA, examined the electronic health record (EHR) data of pregnant patients who identified as having an OUD and were receiving MAT. […]
Private equity firm Regal Healthcare Capital Partners invested $50 million into mental health provider Lightfully Behavioral Health, according to an Axios report. The $50 million is a culmination of a previous $30 million that Regal Healthcare Capital Partners invested in 2021 and a fresh $20 million. Thousand Oaks, California-based Lightfully provides mental health treatment in […]
Federal agencies may be cracking down on private equity investment in health care, which could have implications for behavioral health dealmaking in the future. In early March, the Federal Trade Commission, the Department of Justice’s (DOJ) Antitrust Division, and the U.S. Department of Health and Human Services launched a new investigation into private equity and […]
Behavioral health provider Quartet has launched a new program in partnership with Medicare plan Clover Health (Nasdaq: CLOV) focused on serving patients with serious mental illness (SMI). As part of the partnership, Quartet will work with Clover’s Home Care division to provide services to members in Clover’s high-need cohorts. Specifically, Quartet will roll out its […]
Private equity investor Fletch Equity has purchased California-based provider Autism Spectrum Interventions (ASI). ASI was founded in 2009 by Timothy and Kristen Prior. It provides applied behavior analysis (ABA) therapy in home- and school-based settings. It works with school districts, Medi-Ca, Medicaid and several commercial health plans. “We are extremely pleased with the outcome of […]
Despite years of discourse surrounding value-based care and behavioral health, payers remain fixated on access as the primary concern. Meanwhile, outcomes data and measurement-based care, which have dominated the value-based conversation over the past few years, will likely be important to contracting in a few years. “By bringing access [to members], you bring value,” Dr. […]
With the growing senior population and rising mental health and substance use issues among this demographic, the Centers for Medicare and Medicaid (CMS) are looking for new approaches to address behavioral health concerns. Roughly 20% of people over the age of 55 have experienced a behavioral health issue, according to the CDC. In order to […]
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