Oceans Healthcare enters JV to build new behavioral hospital Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma. Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to […]
Category: Facility Type
As a developer of health care and senior living properties, Prevarian Companies is well-versed in the construction of facilities serving some of the nation’s most vulnerable populations. And if the real estate developer has its way, a significant portion of its future business will come courtesy of the behavioral health sector. Founded in 2004, Dallas-based […]
Talkspace adds chief growth officer The virtual behavioral health provider Talkspace (Nasdaq: TALK) has appointed Erin Boyd as the chief growth officer of its Enterprise organization. The chief growth officer role is a newly created one for the New York-based company. Boyd comes to the position from Cigna (NYSE: CI), where she was a solutions […]
As overdose deaths have spiked amid the pandemic, Congress has authorized billions of dollars in the fight against substance use disorder (SUD). While the funding has been lauded by many for its potential to improve treatment access, others argue the federal government still hasn’t done enough to help the minority communities hardest hit by SUDs. […]
Hazelden Betty Ford’s virtual expands into four new states Hazelden Betty Ford Foundation continues to grow its telehealth footprint, as the provider has expanded its RecoveryGo tool into four additional states. RecoveryGo provides insurance-eligible tele-substance use disorder (SUD) services to individuals and groups through virtual intensive outpatient programs (IOP). Hazelden Betty Ford, the nation’s largest […]
The Centers for Medicare & Medicaid Services (CMS) has issued its Fiscal Year 2022 prospective payment rule for inpatient psychiatric facilities (IPFs). The final rule, which takes effect October 1, 2021, increases Medicare payment rates for IPFs by 2%. CMS projects total payments to IPFs to increase $80 million in FY 2022 compared to FY […]
Amwell acquires two virtual health care companies After hinting last year at its intentions of acquiring a behavioral health startup, Amwell (NYSE: AMWL) has acquired two virtual care providers, one of which specializes in mental health. The Boston-based telehealth company announced that it has purchased SilverCloud Health and Conversa Health for a combined $320 million. […]
In late April, the Biden Administration announced new flexibilities to make it easier for eligible clinicians to prescribe the medication-assisted treatment (MAT) drug buprenorphine. The changes allow doctors and certain clinicians registered by the U.S. Food and Drug Administration (FDA) to automatically administer buprenorphine to up to 30 patients at a time. Previously, clinicians had […]
Universal Health Services’ (NYSE: UHS) stock price hit a 52-week high of $165.16 on Tuesday after the hospital management company beat second-quarter earnings expectations. During the successful quarter, the company saw some behavioral health labor pressures ease amid increased demand for services. “Every indicator that we have both on a … macro industry-wide basis and […]
Hazelden Betty Ford CMO retiring Hazelden Betty Ford Foundation Chief Medical Officer Marvin Seppala will be retiring at the end of this year, the nonprofit substance use disorder (SUD) treatment provider has announced. A psychiatrist by training, Seppala originally joined Hazelden in 1995 as its first full-time physician. During his time at the organization, he […]
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