Acadia Healthcare Diversifies With More Step-Down Options

While Acadia Healthcare (Nasdaq: ACHC) is best known for its inpatient behavioral health facilities, the company is looking to diversify with more step-down services. Specifically, the organization is boosting its intensive outpatient programs (IOPs) and partial hospitalization programs (PHPs). These services are often used as a step-down from traditional inpatient care and a step-up from […]

Lifestance Closes 82 Clinics, Says No Plans for Near-Term Deals

Lifestance Health Group Inc. (Nasdaq: LFST) will focus inward during 2024 to push toward profitability. The Scottsdale, Arizona-based outpatient mental health provider will continue to abstain from M&A activity, open fewer de novo clinics and juggle several business optimization efforts, executives said Wednesday on its year-end earnings call. “We have steadied the ship, but we […]

Wilderness Therapy Industry’s Decline Accelerated by Embark Behavioral Health’s Exit

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 […]

Beacon Behavioral Partners Adds 9 New Clinics

Beacon Behavioral Partners announced it will expand further into the Southeastern U.S. by acquiring nine new partner clinics. Latticework Capital-backed Beacon Behavioral Partners is a network of psychiatric practices. It has locations in Louisiana, Arkansas, Mississippi and Texas. Beacon’s partnership model offers physicians equity ownership in the company and clinical autonomy. The network offers to […]

PE Wary of Serious Mental Illness Investment, But Venture Capital May Be Ready to Pounce

While private equity investors continue to look for new opportunities in behavioral health, there is one area that is still relatively uncharted: serious mental illness (SMI) care. Caring for the SMI population can be very challenging and requires a multipronged approach, as well as a robust patient engagement plan. Due to these challenges, SMI care […]

Network Management Services Organization Advantage Behavioral Health Expands into 3 New States

Network management services organization Advantage Behavioral Health has announced its plans to expand into New York, California and Arizona in 2024. Advantage Behavioral Health is made up of two provider organizations, Harmony Bay and Victory Bay, which treat mental health conditions, eating disorders and substance use disorders. In addition to its provider organizations, it has […]

5 Mental Health Companies to Watch in 2024

After a rocky 2023, mental health providers are considering new approaches to growth and sustainability. In the wake of the bursting venture funding bubble and cooling M&A market, providers are taking stock of their assets and looking for new revenue generation. Some providers have opted for new partnership opportunities with public entities, such as state […]

Best Behavioral Health Design of 2023: Young People Take an Active Role in Shaping Their Care

Toronto-based behavioral health provider Stella’s Place turned an outdated candy factory into a modern, welcoming facility for teens and young people to access mental health services.  Stella’s Place offers outpatient behavioral health services to youth aged 16 to 29. It provides several drop-in services, including counseling, community programs and short-term individual counseling.  Architecture firm Stantec […]

CMS’ New Behavioral Health Model Illustrates Ongoing Effort To Push Value-Based Care, Integration Forward

The Innovation in Behavioral Health (IBH) Model propels the industry towards value-based care and further integration with the rest of the health care system. The new model is an effort by the Centers for Medicare & Medicaid Services (CMS) to marshal public resources into a coordinated whole for those with severe behavioral health issues. Specifically, […]

National Council Lays Out the Future of Measurement-Informed Care

The National Council for Mental Wellbeing seeks to redefine how providers and payers in behavioral health assess quality outcomes and are calling it measurement-informed care. In a webinar, the Washington, D.C.-based nonprofit industry group called for the term measurement-informed care to replace the incumbent measurement-based care. Professionals with the council also presented their analysis of […]