Acadia Healthcare Promotes Dr. Nasser Khan to Newly Created COO Position

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’s Priorities Are Evolving As Behavioral Health Market Matures

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 […]

New Bill Aims to Boost Substance Use Treatment Funding for Older Adults

A newly introduced bill proposes to stack funds to improve substance use disorder (SUD) treatment for older adults.  The bill, called “The Preventing and Treating Substance Use Disorders Among Older Adults Act,” would establish a system of grants for entities that help provide addiction treatment for older adults. “Despite being more susceptible to developing substance […]

Maternal Mental Health Provider Seven Starling Lands $12.6M 

Digital mental health startup Seven Starling has raised $12.6 million in funding and is seeking an additional $1.7 million to complete the round, according to an SEC filing. New York City-based Seven Starling provides virtual mental health services to women on the parenthood journey. Its offerings include therapy, peer support and medication as needed. The […]

Boulder Care Raises $35M to Expand Virtual Addiction Treatment Services

Digital substance use disorder (SUD) provider Boulder Care has raised $35 million in a Series C round, bringing the company’s total raise to roughly $85 million. Boulder plans to use the funds to deepen its presence in existing markets, expand into new markets, build out its clinical team and continue fostering partnerships, Boulder CEO Stephanie […]

Psychedelics, Virtual Reality Offer Novel Paths for Treating Eating Disorders 

Eating disorders have among the highest mortality rates of any psychiatric illness and remission rates among patients with eating disorders are, by some estimates, as low as 29%. New treatment modalities are urgently needed to improve outcomes, especially for people with severe and enduring eating disorders, industry insiders told Behavioral Health Business. Despite this, funding […]

New Bill Would Mandate Free Mental, Substance Use Care for Perinatal People

Behavioral health-related issues, including suicide deaths and drug overdoses, are the leading cause of pregnancy-related deaths in the U.S., accounting for over 22% of these losses. A new piece of legislation is on the table to help mitigate these statistics. The legislation, called “the Mental Health and Making Access More Affordable (MAMA) Act,” would require […]

[Updated] Mental Health Claims Increased 83% from 2019 to 2023

New research shows mental health insurance claims have continued to rise after the peak impact of the COVID-19 pandemic. Mental health claims soared by 83% from 2019 to 2023 and continued to rise post-pandemic, increasing 11% from 2022 to 2023, according to a report from LexisNexis Risk Solutions. The demand for virtual mental health services […]

3 Substance Treatment Centers Merge to Form Tulip Hill Healthcare, Unveil Plans for Growth

Three southeastern substance use disorder (SUD) treatment providers have merged to form Tulip Hill Healthcare. The merger consolidates Tennessee-based Tulip Hill Recovery with two Kentucky-based SUD treatment centers, Louisville Addiction Center and Lexington Addiction Center. The move positions Tulip Hill for future growth, with Tulip Hill executives planning to open three new facilities in the […]

Lawmakers Introduce Landmark $125B CARE Act to Combat Opioid, Substance Use Crisis

Legislators recently introduced the “Comprehensive Addiction Resources Emergency (CARE) Act,” aimed at combating the substance use epidemic. The $125 billion bill would direct the Department of Health and Human Services (HSS) to establish treatment standards, programs and grants to address substance use disorders (SUDs), including opioids and stimulants, over the next decade. “The CARE Act […]