The behavioral health industry’s use of technology has lagged behind other segments of the health care sector. Two of the industry’s biggest providers want to change that track record. LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare (Nasdaq: ACHC) are taking different approaches to developing their digital strategies. However, both are exploring AI and […]
By the time the pandemic broke out, interest in digital therapeutics (DTx) had reached an all-time high. Investors, pharma giants and even health systems have poured billions into the products promising to change medicine. A few of the pioneers in the space, including Pear Therapeutics, which has several addiction therapeutics, and Akili, which is focused […]
The Drug Enforcement Administration is preparing to release its final rule for telehealth and controlled substances. On Thursday, the White House’s Office of Management and Budget (OMB) received the final rule from the DEA. The OMB oversees the coordination and review of major executive branch actions. It’s the final stop before the final rules are […]
Once sidelined as a digital-only contender, venture capital is becoming a more mature player in the behavioral health arena. And the numbers are starting to tell the tale. In the first quarter of the year, venture capital firms invested $350 million in the behavioral health sector, according to M&A advisory firm Mertz Taggart. Similar quarterly […]
Private equity has long dominated in-person behavioral health investment. But some venture capital investors, who entered the behavioral health market by backing digital providers, have now moved into hybrid business models that include both telehealth and in-person elements. For example, GV, formerly Google Ventures, recently invested in hybrid outpatient provider Guidelight. Despite the higher working […]
The transition of three high-profile CEOs within the autism therapy space highlights the pressure that top executives are under to defy the odds in the face of enormous challenges. Private equity investors’ expectations to meet or beat multiples set when valuations were previously sky-high are putting CEOs in positions that require them to achieve the […]
All was relatively quiet on the behavioral health front for publicly traded companies in Q1, reflecting the typically sleepy nature of the first quarter for those seeking to wrap up old initiatives and start new ones. Don’t get me wrong: It’s not like nothing happened or there isn’t anything worth pondering. Quite the opposite, in […]
Amid a slew of closures and layoffs in the eating disorder market, behavioral health provider Acadia Healthcare (Nasdaq: ACHC) is expanding its eating disorder programming. Acadia is furthering its reach into trauma-focused treatment and wrap-around care, leadership told Behavioral Health Business. The provider also recently launched an eating disorder awareness campaign and plans to add […]
In April, Walmart (NYSE: WMT) announced it would close its 51 health centers and virtual care programs, including several behavioral health programs. The company declared that its health segment simply did not offer a “sustainable business model” for it to continue. When Walmart Health launched in 2019, it set out to expand access to care […]
Behavioral health care provider Newport Healthcare has expanded its substance use disorder (SUD) treatment offerings tailored to teens, young people and their families. Newport has previously offered SUD services in conjunction with its mental health offerings but is now isolating the services into SUD-specific programs. “The demand for substance abuse services is not going away,” […]
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