Nearly one million adults aged 65 and older reported a substance use disorder (SUD) in 2018, according to a survey conducted by the Substance Abuse and Mental Health Services Administration (SAMHSA). Special attention is required for seniors, age 65 and older when it comes to the prevention and treatment of substance use disorders (SUD). If […]
Virtual opioid use disorder (OUD) provider Bicycle Health has laid off 15% of its workforce. The Boston-based company didn’t elaborate on the impetus for the move or which departments were impacted. Rather, a representative told Behavioral Health that the layoffs realigned resources to “direct patient care.” “We remain laser-focused on providing consistent and high-quality care […]
Last week Cigna’s (NYSE:CI) health service division Evernorth furthered its reach into the mental health sector with the launch of a new behavioral health group. The hybrid behavioral health group, launched with over 1,000 clinicians, will focus on value-based and measurement-based care. Using virtual provider Octave’s technology suite, Evernorth plans to fully scale the service […]
When Peter Loeb co-founded Lionrock Recovery in 2010, the business of treating substance use disorders (SUDs) was very different. SUDs were stigmatized as taboo addictions, drug laws were stricter and models like Lion Rock charging clients for telehealth visits had not started. At the same time, there were fewer acute problems around SUDs – the […]
Behavioral health dealmaking will likely pick up in 2024 but initial public offerings (IPOs) may be noticeably absent. The private market — especially private equity investors and their platforms — has more than enough capital and motivation to do deals, making this year a compelling time for exits and trades. Still, experts tell Behavioral Health […]
A handful of organizations, like the Adult Autism Center in Murray, Utah, are leading the charge to help adults with autism receive services after age 21. When students with autism or developmental disabilities turn 22 years of age, they are no longer eligible for special education services provided by their state. Young people often receive […]
Want to read more content like this? Subscribe to Autism Business News today! Navigating the health care system can be challenging for families of children with autism. On top of the challenges the condition itself brings, going through the multiple administrative hoops and many specialist appointments adds further distress. UNIFI Autism Care, a new Carmel, […]
In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! The behavioral health industry continues its shift away from adolescent wilderness therapy programs as payers opt for other care models and the segment grapples […]
In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! A “pocket penguin” tells you that you are loved, cherished and cared for. This isn’t a child’s TV show, it’s a mental health […]
As the domestic capital market for behavioral health companies tightens, foreign investment presents a timely new financing opportunity. Specifically, the EB-5 investment visa program, which incentivizes foreign investors to pour capital into American businesses, could be a new avenue for providers. High-interest rates and high-profile stumbles in the behavioral health space have significantly slowed investment […]
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