The psychedelic industry learned important lessons when a Food and Drug Administration advisory committee voted to reject a landmark MDMA-based therapy designed to treat PTSD. The rejection shook investors and demonstrates that FDA approval for novel psychedelic drugs is further away than previously thought, but industry insiders remain confident in the industry’s long-term success. The […]
Amid a slew of closures and layoffs in the eating disorder market, behavioral health provider Acadia Healthcare (Nasdaq: ACHC) is expanding its eating disorder programming. Acadia is furthering its reach into trauma-focused treatment and wrap-around care, leadership told Behavioral Health Business. The provider also recently launched an eating disorder awareness campaign and plans to add […]
Politicians lasered in on the fentanyl crisis in a recent senate finance committee hearing. Senators pointed to the importance of medications for opioid use disorder (MOUDs) as a highly effective but underused fentanyl treatment. Research demonstrates that only about one in four people in need of MOUDs receive the treatment. To mitigate the rising tide […]
Racial and ethnic minority groups are 20% to 50% less likely to initiate mental health services and are 40% to 80% more likely to drop out of treatment prematurely. Some behavioral health providers are seeking to improve these statistics by catering their services specifically to people of color, marginalized individuals and Medicare and Medicaid beneficiaries. […]
The substance use disorder (SUD) treatment industry is evolving. Evidence is mounting demonstrating the importance of offering evidence-based treatment modalities, complete continuums of care and hybrid service offerings. Recovery Centers of America (RCA) is looking to adapt to these changes by prioritizing the integration of its service lines to improve patient outcomes, drive financial performance […]
Addiction and mental health treatment provider T&R Recovery Group has acquired Origins Behavioral Healthcare, adding four locations to its portfolio. The nonprofit Hanley Foundation, dedicated to substance use disorder (SUD) care, announced it was divesting Origins less than five months after acquiring the treatment provider. “The addition of Origins Recovery represents a significant milestone in […]
Behavioral health care provider Newport Healthcare has expanded its substance use disorder (SUD) treatment offerings tailored to teens, young people and their families. Newport has previously offered SUD services in conjunction with its mental health offerings but is now isolating the services into SUD-specific programs. “The demand for substance abuse services is not going away,” […]
Value-based care has become a buzzword in the behavioral health industry. Still, few providers have implemented it due to the laundry list of challenges, including parity issues, difficulties associated with determining a system of measurements and limitations to care access. For grassroots providers building relationships with payers from the ground up, even the meaning of […]
Behavioral health behemoth Acadia Healthcare (Nasdaq: ACHC) announced the appointment of a new chief operating officer, a role the company did not previously include in its C-suite. Dr. Nasser Khan, the operations group president for Acadia Healthcare’s comprehensive treatment center (CTC) business line, will assume the chief operating officer role on June 30, according to […]
Venture capital firms have poured billions of dollars into the behavioral health sector over the last five years or so — and it remains a top investment target. However, investors are shifting their focus, seeking out business models with proven track records and taking calculated risks on innovative approaches. The venture capital approach contrasts with […]
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