The behavioral health sector “is ripe with opportunities to improve” as the Biden administration continues to prioritize mental health and addictions treatment. That’s according to Tequila Terry, group director of state innovation and prevention and population health at the Center for Medicare & Medicaid Innovation (CMMI). This improvement could mean behavioral health is integrated even […]
CareTrust REIT (Nasdaq: CTRE) is continuing to look for new partners and grow in the behavioral health space. “The behavioral health asset class not only provides us with a new tool for finding a higher and better use for our own underperforming assets, but it also opens up a high-demand undersupplied investment opportunity for growth,” […]
Real estate investment trust Sabra Health Care REIT (Nasdaq: SBRA) is prioritizing behavioral health as it continues its strategy to diversify revenue, Sabra CEO Mark Rick Matros said during the company’s Q1 earnings call. The company, which also has existing assets in the skilled nursing facility and senior living space, said that it is looking […]
Acadia Healthcare Co.’s new CEO Chris Hunter plans to stay the course with the company’s targets of facility expansion and serving underserved markets. “My goal is to build upon our strong momentum and extend our market reach to more patients and communities,” Hunter said during Acadia’s Q1 earnings call. “We will continue to execute on […]
Digital mental health company Cerebral is mixing up its leadership team. The shakeup comes as the startup responds to recent criticism over its prescribing practices. Specifically, Cerebral is promoting current CMO Dr. David Mou to president and hiring Virginia Commonwealth University’s former chief ethics and compliance officer, Jacqueline Kniska, to head its compliance team. Meanwhile, […]
With $5 billion of investment in 2021, digital mental health is a startup hotspot. However, the sheer volume of offerings can make the sector difficult for enterprise customers to navigate, according to industry insiders speaking at the American Telemedicine Association conference Monday. “Most employers are bombarded with tons of point solutions,” Chris Wasden, chief strategy […]
While overall M&A healthcare deals saw a dip in Q1, behavioral health was the only subsector where the strategic deal volume grew. According to a KPMG report the strategic deal volume grew by 17% in the behavioral health space. “So whether it’s talk therapy, or more intensive behavioral health or IDD, work or etc. There […]
Over the last two months, digital mental health unicorn Cerebral has faced a wave of negative media attention. At the crux of these stories are the company’s prescribing practices, particularly its approach to prescribing controlled ADHD substances. At the American Telemedicine Conference in Boston, Cerebral CMO Dr. David Mou sought to clear the air and […]
Walmart is incorporating behavioral healthcare into its new virtual diabetes care program. Delivered via the retail giant’s telehealth subsidiary MeMD, the diabetes program is pitched as a tool for employers and payers to help members manage their diabetes. Program participants meet with a medical provider, who can assess a patient’s medical and nutritional history, as […]
Teladoc CEO Jason Gorevic blames its mental health subsidiary BetterHelp’s disappointing Q1 results on smaller digital behavioral health startups driving up advertising costs. The company reported $565.4 million in revenue during the quarter, missing its expectations by $3.23 million. During the call Gorevic said the company is lowering its 2022 guidance as a result of […]
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