Substance use disorder (SUD) treatment provider BrightView Health is shutting down its centers in two of the seven states it operates in. BrightView cited challenging operating environments in Massachusetts and Arizona as the reason for closing nine total facilities across the two states. “We have chosen to focus on states with operating environments that allow […]
Category: Operations
Entering new markets can be challenging for behavioral health providers. But de novo expansion is often a savvy strategy if they can land the jump. “[Mergers and acquisitions] is the fastest way to grow, but the most economical, the most return on investment is definitely de novo,” Dan Davidson, managing director at Brentwood Capital Advisors, […]
AbsoluteCare hires new chief growth officer Value-based care provider AbsoluteCare named Michelle Croasdale its new chief growth officer. Columbia, Maryland-based AbsoluteCare offers physical, behavioral and transitional services in Maryland, Ohio, Louisiana and Pennsylvania. Its behavioral health offerings include therapy, psychiatry, substance use disorder (SUD) treatment and peer services. Croasdale most recently served as the senior […]
Private equity-backed Newport Healthcare has named a new CEO. Brian Setzer, an ex-Walmart executive, will succeed Joe Procopio, effective Dec. 9. Procopio is retiring but will take up the role of chairman of the board for Newport Healthcare. He has held the CEO title since June 2019, when the company was known as Newport Academy. […]
Lack of behavioral health parity has extreme consequences for patients. The inability to find in-network care for these services requires patients without the means to pay for health care out of pocket to forgo care or make “really tough life decisions.” “We’ve [heard] stories of members having to lose their homes because they have to […]
Mental health and well-being provider Kyan Health announced $16.7 million in funding on Tuesday, including a previously unannounced $4 million seed round and a $12.7 million Series A round. Kyan Health will use the funds to expand globally, including in the U.S., beginning in 2026. The company also plans to enhance its AI-powered platform and […]
Virtual substance use management company Pelago has named Frank Jennings its new president, the company announced last week. Jennings comes over from a three-year tenure at Castlight Health where he was the chief sales officer. He also served as the chief commercial officer at Covera Health and senior vice president of sales at Doctor on […]
While medication-assisted treatments (MAT), such as methadone and buprenorphine, are hailed as the gold standard for treating opioid use disorder (OUD), some patients with the condition instead opt for non-opioid medications. Clinicians too are much more likely to prescribe non-opioid medications. These preferences, based on misinformation and misunderstandings, can keep patients from the most effective […]
Behavioral health care veteran Corbin Petro has announced she will take over as president of Elevance’s (NYSE: ELV) Carelon Behavioral Health. Petro previously served as founder and CEO of substance use disorder startup Eleanor Health. Under her direction the addiction treatment provider raised more than $100 million for its value-based care offering. In addition to […]
UNIFI Autism Care reshuffled two C-Suite roles while its CEO seeks new employment. The applied behavior analysis (ABA) provider has named its chief clinical officer, Breanne Hartley, its president. It also appointed Dr. Steven Merahn, a former strategic advisor to the company, its chief medical officer. The company has not yet announced a new CEO. […]
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