This is an exclusive BHB+ story Nonprofit behavioral health provider Centerstone has elevated its chief financial officer to the role of chief operating officer. New COO Carol Bean is planning to be “bold” to accelerate Centerstone’s growth and seeks to double the company’s revenue. Specifically, she aims to spur the company’s certified community behavioral health […]
Three behavioral health organizations that serve people with intellectual and developmental disabilities have agreed to merge. The Maine-based nonprofits — GMS, Uplift and Independence Advocates of Maine (IAM) — announced Feb. 3 that they would merge. The nonprofits cited workforce shortages, rising operational costs, shrinking reimbursement rates and increasing competition as drivers of the deal. […]
This is an exclusive BHB+ story New presidents regularly shift focuses and funding streams when entering office. The Trump administration has done so in an unprecedented manner. A slew of executive orders, including a confusing and then retracted funding freeze order, and Medicaid portal issues created chaos last week. While the funding freeze was retracted, […]
Employers are increasingly seeking out behavioral health benefits to improve employee care and save on long-term health costs. Providers have, in turn, stepped up to expand employer offerings. These employer offerings have meaningful returns, according to new research published in JAMA Network Open. Researchers found that employers saved $190 in overall medical claims cost for […]
Not-for-profit behavioral health care provider Rogers Behavioral Health and for-profit workforce mental health provider Lyra Health have forged an alliance. The collaboration, announced Tuesday, gives Lyra access to Rogers’ health plan networks while allowing Rogers to scale its virtual services using Lyra’s national footprint. For Rogers and Lyra executives, the most important aspect of the […]
While tens of millions of people in the U.S. are estimated to have substance use disorders (SUDs), only about 15% of people receive care. Of those who do not receive care, less than 6% believe they need treatment, according to a research letter published in JAMA Network Open. Only 2.7% of that population believe they […]
Fostering successful pilots with health plans is critical for digital mental health startups. These relationships can promise significant promise for providers and payers, but a negative outcome can mean wasted time and resources. While risk is an inherent part of a trial run for a digital mental health provider, both health care companies and payers […]
Virtual opioid use disorder (OUD) treatment provider Bicycle Health has achieved profitability after abandoning its “growth at all costs” mindset and streamlining its business model. The company is now set for long-term, disciplined growth, including acquiring other providers, founder and CEO Ankit Gupta told Addiction Treatment Business. Bicycle will use funds from a new $16.5 […]
Behavioral health providers have faced regulatory uncertainty regarding government funding and access to Medicaid this week. The Trump administration issued a funding freeze on Monday only for it to be blocked by a federal judge on Tuesday. States reported outages to the Medicaid portal on Tuesday and more interruptions on Wednesday, while the White House […]
Substance use disorder (SUD) treatment provider Meridian Behavioral Health has acquired Gateway Recovery Center, adding a crucial element to its continuum of care. Gateway provides medical detoxification, a service for which Meridian previously had to refer patients elsewhere. The acquisition is also part of Meridian’s strategic growth plan, which CEO Lewis Zeidner estimates will involve […]