Lawmakers introduced a bill to help schools apply for grants from the huge pot of money Congress had previously set aside for school mental health resources. Introduced on March 21, the Creating Access and Resources in Education (CARE) for Student Mental Health Act aims to boost the number of qualified entities that could apply for […]
M&A is a critical strategic priority for Acadia Healthcare’s (Nasdaq: ACHC) CEO Chris Hunter. M&A has always been part of the relatively new CEO’s plan to double the revenue of the Franklin, Tennessee-based behavioral health giant. However, he and other executives previously made it clear that adding new beds via de novo facility expansion, joint […]
Primary care and behavioral health provider Denova Collaborative Health is looking to expand its integrated care model beyond Arizona. Arizona ended its behavioral health benefits carve-out within its Medicaid program in 2018, instead requiring Medicaid plans to manage both benefits. This led to some of the plans supporting integrated services, enabling innovative care models. “We […]
Editor’s note: March 14, 2024 — The Consolidated Appropriations Act of 2024, signed into law by President Joe Biden on March 9, includes provisions to define certified community behavioral health centers (CCBHCs) within the Social Security Act. This makes CCBHCs a permanent part of Medicaid. Proposed legislation in Congress could make certified community behavioral health […]
Acadia Healthcare (Nasdaq: ACHC) is focused on value-based care as it invests in technology and expands its service lines. Franklin, Tennessee-based mental health operator Acadia has identified opportunities for growth in its outpatient, substance use disorder (SUD) treatment and step-down services, according to a presentation at the Raymond James Annual Institutional Investors Conference. It also […]
SUD provider Ideal Option opens high-capacity addiction clinic Kennewick, Washington-based Ideal Option opened a 4,000-square-foot “flagship” clinic primarily designed to provide buprenorphine-based medication-assisted treatment (MAT). The clinic was partly funded through the American Rescue Plan Act through the City of Great Falls, Montana. “The grant funding from the American Rescue Plan Act allows us to […]
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 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 […]
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 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 […]
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