Top Behavioral Health Stories of 2023: Bankruptcies, ‘Ghost Networks’ Shake the Industry

2023 has been a tumultuous year for the behavioral health space. Macroeconomic headwinds, including rising interest rates plus unrest in Eastern Europe and the Middle East, has slowed dealmaking. Additionally, many providers have struggled to raise more capital as investors tighten their purse strings. At least two major companies in behavioral health care have filed […]

Out-of-Pocket Therapy Visits Average Nearly $175 an Hour

Only one-third of Americans with a behavioral health condition received treatment within a year of their diagnosis. That’s based on a new analysis of 2021 data by the actuary and technology consulting company Milliman; the nonprofit Inseparable commissioned the research. The resultant report paints a picture of how and where Americans are cut off from […]

Wrap-Around Services, New Funding Models Hold Promise for Improving SMI Treatment

The behavioral health industry often falls short when caring for underserved communities with serious mental illness and substance use disorders. Despite the infusion of capital that poured into the mental health industry over the last few years, the bulk of that investment has been centered around low-acuity patients with commercial health plans. However, many are […]

Behavioral Health Treatment Center Merges with B2B Telehealth Company, Lands $7M Round

Behavioral health companies Integrative Life Network LLC and Integrative Health Centers Inc. have merged, rebranding as Peregrine Health. The fusion of the two Nashville, Tennessee-based behavioral health companies creates a company with direct-to-consumer and business-to-business service lines. Each was founded and led by Ryan Chapman, who will lead the combined company as CEO, according to […]

Integrating Behavioral Health into Pediatric Care Could Have Untapped Potential

Rates of behavioral health conditions among children and adolescents have skyrocketed in the wake of the COVID-19 pandemic. But, finding appropriate care can be challenging for pediatric patients and their caregivers. Partnerships between pediatric behavioral health providers and primary care practices could be one way to improve care integration in the future. “Three out of […]

Peer Support Startup Forum Raises $5.3M; BeMe Health Lands $1.5M

Digital peer support startup Forum gets $5.3M in seed round The New York City-based startup Forum has created a digital peer support marketplace to help people through major life issues. These include addiction recovery, grief, relationship issues, career changes, chronic health conditions, loneliness and grief. NextView Ventures led the company’s $5.3 million seed round, with […]

‘Those Opportunities Don’t Come Up Very Often’: Sabra Opts For Steady Behavioral Growth

Sabra Healthcare REIT (Nasdaq: SBRA) plans to take an incremental approach to growing its behavioral health portfolio. The Irvine, California-based real estate investment trust (REIT) has invested just over $800 million in the behavioral health space but finds opportunities to grow that business less frequently than its other segments, according to its Q3 earnings call. […]

Multi-Service Newcomers Challenge Outpatient Mental Health’s Market Hold

Outpatient mental health finds itself in a tricky position. On the one hand, society holds these providers up as essential to facing the mental health crisis, and investors have poured billions into the space. On the other, it is increasingly encroached upon by newcomers, which have potent business advantages. To make matters worse, outpatient mental […]

Avoiding Shiny New Toys, Achieving Operational Efficiency Critical for Outpatient Mental Health Companies

The behavioral health market has exploded since the COVID-19 pandemic. Investors and provider organizations have paid premiums to grow their behavioral health footprint. But, industry insiders warn that the outpatient behavioral health industry is a tough business. The success stories in the space will likely be the companies keeping their operations tight and demonstrating improved […]