The CCBHC Opportunity, Driving Revenue and Exploring AI: COO Carol Bean Shares Centerstone’s Strategic Vision

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 […]

3 IDD Nonprofits Merge Services to Beat Inflation,  Expand Services

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. […]

Uncertainty, Conflict and Mixed Messages: What Behavioral Health Providers Should Take Away from the Trump Administration’s First Days in Power

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 While the funding freeze was retracted, […]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 Reap $190 for Every $100 Invested in Behavioral Health

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 […]

New Partnership Propels Lyra Past Employer Models, Jump-Starts Rogers’ Virtual Care Capabilities

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 […]

‘Not For the Faint of Heart’: What Makes (or Breaks) Mental Health Payer Pilots 

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 […]

Bicycle Health Reaches Profitability Milestone, Secures $16.5M for Sustainable Growth and M&A

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 […]

[UPDATED] Federal Funding Freeze Attempt, Medicaid Portal Outage Signal ‘Systemic Risks’ for Behavioral Health Providers

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 […]

SUD Treatment Provider Meridian Behavioral Health Acquires 20th Facility, Plans Future Growth

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 […]