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 […]
The applied behavioral analysis (ABA) accreditation body the Behavioral Health Center of Excellence (BHCOE) announced a rebrand to Jade Health. The company cited the move as an intention to match its values with its branding. It will continue to use the name BHCOE Accreditation for its accreditation services but will use the name Jade Health […]
Value-based contracts that involve autism therapy providers taking on risk can be “wildly beneficial.” The contracting process, however, has its challenges. To ease the complicated process, payers may benefit from creating a value-based “skeleton,” or framework for value-based agreements with payers. Industry insiders stress the importance of providers approaching value-based negotiations with a collaborative mindset. […]
There are currently no treatments for a genetic anomaly that causes a type of autism spectrum disorder and Phelan-McDermid syndrome (PMS), an autism-related condition. Biotechnology company Jaguar Gene Therapy is launching the first human gene therapy trial to address the root cause of the condition. The therapy, called JAG201, targets the SHANK3 gene. Mutations in […]
EdTheory, a special education and K-12 mental services provider, has expanded into center-based applied behavioral analysis (ABA) services. The company, which also offers ABA therapy in schools, homes and via telehealth, is aligning its affiliate companies, Proficio Speech Therapy Group and AGES Learning Solutions, to launch a new ABA company, Proficio Therapy Services (PTS). Fairfield, […]
The merger of the Pennsylvania-based nonprofits Merakey and Elwyn — which would have created a $1 billion-revenue organization — has been called off. While the two nonprofits declined to answer questions about why the tie-up didn’t materialize, a C-suite executive of Merakey told Behavioral Health Business that “both organizations mutually agreed to walk away from […]
Applied behavioral analysis (ABA) provider Behavioral Framework received a new investment from private equity firm Renovus Capital Partners. Behavioral Framework plans to use the funds to professionalize and invest in its services as well as to onboard new leadership, CEO Kyle West told Behavioral Health Business. The company declined to share the specific amount of […]
After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]
The industry outlook for community-based intellectual and developmental disability (IDD) providers worsened in 2023. Poll data from the nonprofit advocacy organization American Network of Community Options and Resources (ANCOR) shows that 60% of professionals polled at 581 organizations that operate in 45 states and the District of Columbia said that their organizations were likely to […]
Addressing the staffing shortage among autism service providers will likely require a multi-pronged approach. As rates of autism diagnosis have rapidly increased over the past few years, providers have struggled to keep up with the demand. Still, operators have successfully retained talent by building new career pathways for employees, increasing pay, and creating a meaningful […]
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