This is an exclusive BHB+ story Digital behavioral health startups experienced a tsunami of investor interest from 2020 to 2022. Founders now face a tough funding environment when growing their companies. As competition for funding dollars has increased, some say the pressure to become profitable as a new digital behavioral health startup is higher than […]
Virtual primary care provider LifeMD (Nasdaq: LFMD) has branched into the behavioral health industry and tapped a behavioral health executive with decades of experience to lead the expansion. New York City-based LifeMD announced Monday that it launched teletherapy, psychiatry and medication management services. It named Julian Cohen its senior vice president of behavioral health and […]
This is an exclusive BHB+ story The outpatient mental health world was thrown for a loop when COVID-19 hit. Overnight, the nature of care shifted heavily to telehealth. And demand for care shot through the roof. Now, the industry has settled into a new normal. Before, the mental health industry had only a slightly greater […]
Nonprofit behavioral health provider Devereux Advanced Behavioral Health has acquired Strawberry Fields, a nonprofit provider of mental health, autism and intellectual disability care. Strawberry Fields will continue to operate as an independent legal entity but will have access to the larger organization’s systems and clinical model as an affiliate of Devereux. The acquisition will enable […]
Police documents show that a patient allegedly killed another patient at a Landmark Recovery facility in Louisville, Kentucky. The death adds another troubling entry to the company’s litany of bad news. The Nashville, Tennessee-based addiction treatment facility operator has self-reported the incident to Kentucky regulators and the Joint Commission, Matt Boyle, CEO and founder of […]
This is an exclusive BHB+ story Interest in establishing new intensive outpatient programs (IOPs) to fill the gap between the therapist’s office and facility-based care has never been higher. But for all of the clinical and strategic benefits that come with increasing intermediate levels of care, it also comes with a key, if not somewhat […]
Editor’s note (Feb. 13, 2025): This story was updated after publishing with additional details. Embark Behavioral Health plans to expand its service offerings, increasing the severity of conditions it can treat and adding technology support. The Chandler, Arizona-based youth and family behavioral health provider said on Feb. 11 that it would roll out an integrative […]
Employers are increasingly seeking out behavioral health benefits to improve employee care and save on long-term health costs. Providers have, in turn, stepped up to expand employer offerings. These employer offerings have meaningful returns, according to new research published in JAMA Network Open. Researchers found that employers saved $190 in overall medical claims cost for […]
Not-for-profit behavioral health care provider Rogers Behavioral Health and for-profit workforce mental health provider Lyra Health have forged an alliance. The collaboration, announced Tuesday, gives Lyra access to Rogers’ health plan networks while allowing Rogers to scale its virtual services using Lyra’s national footprint. For Rogers and Lyra executives, the most important aspect of the […]
Fostering successful pilots with health plans is critical for digital mental health startups. These relationships can promise significant promise for providers and payers, but a negative outcome can mean wasted time and resources. While risk is an inherent part of a trial run for a digital mental health provider, both health care companies and payers […]
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