Amwell (NYSE: AMWL) has sold its virtual psychiatric business to clinician-to-clinician telehealth provider Avel eCare for $21 million. The deal allows Amwell and Avel to focus on their core operations, Avel’s CEO Doug Duskin told Behavioral Health Business. “[Amwell is] focusing on technology as their primary service,” Duskin said. “We’re more of a technology-enabled service […]
This is an exclusive BHB+ story The new year is upon us. After a year of uncertainty in the substance use disorder (SUD) treatment industry, interested parties are looking for hints of what’s to come in 2025. Yet more pinnacles and valleys may be in store. Looking ahead to 2025, new treatment techniques and regulations […]
Digital health platform and investor darling Transcarent has acquired Accolade (Nasdaq: ACCD), a personalized health and benefits company that offers virtual-first integrated care, including behavioral health services. Transcarent announced on Wednesday that it would acquire Accolade for $7.03 per share in cash, a total equity value of approximately $621 million. The artificial intelligence (AI)-forward companies […]
Peer support startup Fello is angling to become the “Uber” of mental health and substance use disorder (SUD) support. The company, led by a former Uber Eats executive, raised $10.4 million earlier this month from investors including 62Ventures, The Capital Factory Fellowship Fund, Katalyst Capital and Offline Ventures. CEO Alyssa Pollack compared the platform, launched […]
Behavioral health is still largely stuck in the fee-for-service reimbursement model, but industry insiders have hung their hopes on value-based care changing that paradigm. Still, this shift may just be the first step in behavioral health’s reimbursement evolution. Population health management could stand as the future of behavioral health beyond value-based care, which payers often […]
Behavioral health provider Oceans Healthcare has acquired Haven Behavioral Healthcare, adding seven new locations to its roster. Plano, Texas-backed Oceans announced on Thursday that it acquired all outstanding shares of Haven Behavioral Healthcare, bringing the provider into five new states: Arizona, Idaho, Ohio, New Mexico and Pennsylvania. “Oceans has consistently sought opportunities that would expand […]
Patients with substance use disorders (SUDs) often struggle with social determinants of health, including housing and transportation. Sober living and other housing options for people undergoing SUD treatment can allow patients to focus on recovery. But a history of fraud and abuse gave sober living a negative reputation that has only recovered in the last […]
The eating disorder treatment sector has transformed dramatically in the past few years, with 2025 poised to bring further disruption through virtual care expansion, market consolidation and evolving patient needs. This evolution is occurring on the heels of a string of notable eating disorder treatment facility closures in 2023 and 2024. Despite the shuttering of […]
The substance use disorder (SUD) treatment industry stands at a precipice as several regulations are set to transform the field in 2025. Crucial telehealth policies hang in the balance after the Drug Enforcement Administration (DEA) kicked the can on COVID-era prescribing flexibilities, now set to expire at the end of 2025. Further deferrals or the […]
Vitalic, a new senior-focused behavioral health provider, has hit the market with $4 million in seed funding. Payvider VNS Health and venture capital investment firm Redesign Health are the company’s first investors. Vitalic’s virtual care model focuses on geriatric psychiatry, including therapy, coaching and medication management. “Despite the fact that this population continues to grow, […]
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