Elevance Health Inc.’s (NYSE: ELV) health care services arm, Carelon, experienced a boost in operating gain in 2023 thanks to the company’s behavioral health business, among other factors. Carelon’s operating gain increased by $9 million from the second to third quarter of 2023, according to Elevance’s third-quarter earnings call. The insurer also announced plans to […]
A new outpatient mental health provider Hightop Health has entered the behavioral health space. Backed by private equity firms JLL Partners and SV Health Investors, Hightop offers an outpatient mental health platform that uses an integrative and measurement-based approach to care. The launch coincides with the news of Hightop’s first acquisition. The provider has purchased […]
Payers have increasingly pushed for measurement-based care, but experts question whether the behavioral health industry has the tools to broadly implement the practice. Measurement-based care, in which clinical data is collected throughout treatment, may increase the likelihood that a patient receives evidence-based care. Implementing the practice requires a whole-person approach that includes contextualization and cultural […]
M&A activity in the behavioral health space has slowed down significantly in recent years, dropping to pre-pandemic levels. The behavioral health industry is not alone in this, Dexter Braff, president of M&A advisory firm The Braff Group, said at Behavioral Health Business’ INVEST conference. External factors, including inflation, staffing shortages, fear of recession and unrest […]
More than 86% of 2.7 million people in the U.S. living with opioid use disorder do not receive medication for opioid use disorder treatment (MOUD). This treatment can reduce withdrawal symptoms, prevent overdoses and support long-term recovery. New data from Bicycle Health, a virtual opioid use disorder provider, revealed details about the populations that do […]
Applied behavioral analysis (ABA) therapy has become one of the most notable behavioral approaches to autism treatment, offering different locations of care to fit the specific needs of patients. Capitalizing on ABA’s versatile modalities may be the safest bet when creating a sustainable business model. Patients with autism can receive ABA therapy at a clinic, […]
In recent years, employers have seen substance use disorder (SUD) claims increase. New York-based Spring Health is looking to address this issue by partnering with Eleanor Health. Spring launched its SUD program in 2021 and continued to expand its offerings, partly through partnerships with other SUD providers. The partnership with Eleanor is Spring’s latest effort […]
Payers and employers often have a blind spot when it comes to addressing inequities in behavioral health. But ignoring mental health care inequities can increase overall health care costs. An analysis from Deloitte suggested that inequities have led to $320 billion in annual health care spending — “signaling an unsustainable crisis for the industry.” That figure […]
Between 40% and 60% of people with substance use disorder (SUD) relapse after detox and rehabilitation. Providers are eyeing artificial intelligence (AI) as a key to help improve that statistic. The technology, which is not without its risks, has already been used for years in behavioral health treatment. In the SUD field, machine-learning tech is […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of behavioral health, senior housing, skilled nursing, home health, and hospice care. To see this year’s Future Leaders, visit https://futureleaders.agingmedia.com/. Andrew Sfreddo, Senior Director and Head of […]
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