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 […]
Private equity firm Optimal Investment Group has invested in substance use disorder (SUD) treatment provider Recovery Dynamics. Recovery Dynamics plans to use the strategic investment to grow its service lines and embark on an “ambitious expansion plan.” “Our investment reflects our confidence in the company’s vision and operational expertise, and we are committed to providing […]
Private equity-backed behavioral health provider PAX Health has acquired Harris Psychiatry Services, a psychiatric care provider specializing in workers’ compensation. Financial terms of the deal were not disclosed. PAX Health was formed in March 2024 by merging three behavioral health companies: Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN) and Reservoir Health. The company […]
Health insurance plans may have the worst reputation in health care. Number two might be private equity. Private equity is often criticized for cost-cutting and layoffs, and those critiques are unlikely to change any time soon, according to Steven Gold, executive partner at Lindsay Goldberg and F3 Partners and former CEO of Refresh Mental Health. […]
This is an exclusive BHB+ story The long-awaited special registration rule for telehealth prescribing dropped last week. The proposed rule has already raised some hackles with industry insiders, and the newly installed Trump administration has promptly withdrawn the proposal. Withdrawing the proposal doesn’t mean the rule is dead. After review, the Trump administration may allow […]
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