Despite subdued telehealth funding broadly, the virtual substance use disorder (SUD) treatment industry is an attractive opportunity for venture capital investors, representing a market opportunity of well over $10 billion. While virtual SUD treatment cannot be a replacement for all types of addiction care, addiction digital therapeutics represent a significant opportunity for market expansion, according […]
Many obstacles can hinder access to opioid treatment, including stigma, insufficient clinician training and lack of a care continuum. A new partnership between Acadia Healthcare (Nasdaq: ACHC) and Uber Health (NYSE: UBER) is tackling a crucial but less discussed barrier: transportation. “We talk a lot in this industry about access to care from a lot […]
Mental health tech startup Grow Therapy has raised $88 million in Series C, bringing its total raise to over $178 million. The New York City-based company will use the new funds to develop a system for measurement-informed care delivery and enhance its value-based care reporting. “We are committed to not only improving access but also […]
The financial stability of private therapy practices is increasingly precarious, with the majority of therapists reporting anxiety over the current economic climate. Almost 85% of private practice therapists are concerned about the economy impacting their practice in 2024, according to a survey conducted by mental health-focused accounting startup Heard. Despite these concerns, most therapists said […]
Digital autism company EarliTec Diagnostics has raised $21.5 million in a Series B funding round. Decatur, Georgia-based EarliTec will use the cash to fund clinical research evaluating its early autism diagnosis technology. The technology aims to aid clinicians in diagnosing and assessing autism in toddlers. Nexus NeuroTech Ventures and Venture Investors Health Fund led the […]
Alsana names behavioral health vet CEO Eating disorder recovery provider Alsana has named Allan Benham its new CEO. Benham most recently served as chief operating officer at trauma, mental health and addiction provider Meadows Behavioral Healthcare. “My passion for changing lives through recovery and for patients struggling with eating disorder behaviors patient aligns with Alsana’s […]
Only one-third of Medicaid enrollees with opioid use disorder (OUD) receive treatment, according to the U.S. Department of Health and Human Services Office of Inspector General. Opioid addiction care provider Ophelia partnered with the health plan Highmark Wholecare to improve this statistic and extend OUD treatment access to people enrolled in Medicaid plans. Through the […]
The distribution of for-profit and nonprofit behavioral health organizations varies widely across the U.S. Some states have high percentages of for-profit providers, such as North Carolina, with 51%. In contrast, others, like North Dakota, rely almost exclusively on nonprofit and government-operated organizations. Regulatory, economic and demographic factors may explain differences in for-profit and nonprofit provider […]
Concerns that changing methadone prescription laws will materially impact behavioral health providers are overblown, according to an analyst note from Jefferies Financial Group. The relaxed buprenorphine laws have not substantially increased prescriptions. Therefore, on the business side, the softened methadone prescription regulations would not cause providers such as Acadia Healthcare (Nasdaq: ACHC) to lose a […]
Limbic secures $14 million in funding London–based Limbic, a mental health AI company, raised $14 million in a funding round led by Khosla Ventures and joined Gaingels and Illusian. England’s National Health Service (NHS) has used Limbic’s web-based chatbot to intake more than 250,000 patients. Limbic will use the newly raised funds to expand to […]
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