Beneficiaries Likely to Spend More, Go Out of Network for Behavioral Health Services

Despite the push for parity, Americans are more likely to go out of network and pay higher out-of-pocket costs for behavioral health care treatment than for treatment of chronic conditions such as diabetes and congestive heart failure.  That’s according to research out of Ohio State University published in JAMA Network Open.  The findings illustrate the […]

White House: Opioid Crisis Cost U.S. $2.5 Trillion from 2015 to 2018

The opioid epidemic cost the U.S. an estimated $696 billion in 2018 alone — and more than $2.5 trillion total from 2015 to 2018, according to new estimates from the White House Council of Economic Advisers (CEA).  The White House released those numbers last week, demonstrating the continued importance of substance abuse treatment facilities nationwide. […]

Sabra Eyes More Investment Opportunities Within Addiction Treatment Sector

Although Sabra Health Care REIT (Nasdaq: SBRA) only made its first investment in the addiction treatment sector in the third quarter of 2019, company leaders are optimistic they’ll dive deeper into the space in the future. “We’re working on some other opportunities there as well,” Sabra CEO Rick Matros told investors Thursday on the company’s […]

New York Stock Exchange to Delist American Addiction Centers Parent Company

The New York Stock Exchange has started the process to delist AAC Holdings, Inc. (NYSE: AAC), the parent company of American Addiction Centers. The news comes after the NYSE suspended trading on the stock just a few days earlier. Both moves are a consequence of AAC falling below the NYSE’s continued listing standard. It requires […]

Florida Behavioral Health Center Closes Abruptly Following Financial Problems

A psychiatric hospital in southeast Florida serving low-income and uninsured patients abruptly shut its doors earlier this month, according to The Palm Beach Post. The move potentially leaves hundreds of patients without access to care. The West Palm Beach-based Jerome Golden Center for Behavioral Health closed Oct. 18 following financial troubles — specifically a bankruptcy […]

VC Interest in Digital Behavioral Health Companies Remains Hot

Venture capitalists continued to take a special interest in digital behavioral health companies in the third quarter of 2019, keeping alive a three-year steak of hot deal activity in the space. That’s according to a Q3 report from Rock Health, a venture fund that invests only in digital health companies. Across all sectors, digital health […]