The substance use disorder (SUD) treatment industry has a history as a scattered network of small cash-pay providers. It remains largely fragmented. Delray Beach, Florida-based Guardian Recovery has experience evolving from a founder-led, boutique provider to an expansive network of 17 physical facilities and virtual care options. The challenge for the provider now is to […]
Opioid use disorder (OUD) disproportionately impacts Medicaid beneficiaries, yet structural barriers – including lack of available clinicians – often keep this population from receiving treatment. Virtual OUD treatment provider Ophelia has expanded its Medicaid reach by inking new reimbursement contracts that cover the lives of 3 million New Jersey residents. “We’ve been live and treating […]
Autism therapy provider NeurAbilities Healthcare has a new CEO after its prior leader resigned in April. The Voorhees, New Jersey-based company tapped former Fresenius Medical Care executive Andrew Holstein to the CEO position, according to a LinkedIn announcement earlier this month, following the departure of Kathleen Stengel, the company’s CEO since 2018. “Drew brings decades […]
Mental health has firmly become an issue that some of the most powerful business leaders and politicians actually want to talk about. The subject was in the spotlight last Tuesday when the Business Roundtable and managed care insurer The Cigna Group (NYSE: CI) convened a “Mental Health Summit” in Washington, D.C., that featured two U.S. […]
For the first time in 12 years, Meadows Behavioral Healthcare has a new CEO. The 47-year-old, Phoenix-based mental health and addiction treatment provider announced last week that Kate Renwick-Espinosa will take over for Sean Walsh, the company’s CEO since 2012. Walsh moves into a new role as board advisor. A company spokesperson declined to say […]
“There’s just some people that you meet in life that you know you’re meant to meet.” Such was the impression Ellen-Jo Boschert had of David Hans when the pair met at a job interview in the fall of 2022. Hans was chief clinical officer of American Addiction Centers, which runs eight residential treatment centers across […]
This May, Cara McNulty posted on LinkedIn that she was stepping down as president of behavioral health and mental well-being at CVS Health (NYSE: CVS). She wrote warmly of her five-year tenure at CVS, calling it the “experience and honor of a lifetime” while praising company CEO Karen Lynch as “a leader of leaders.” But […]
Certain sectors of behavioral health care are still “growing up.” For example, some industry insiders have said the autism therapy industry is in its toddler phase. The SUD industry, meanwhile, is working to shed some of the associations of its youth and enter a more adult era of addiction treatment. Some providers are modernizing their […]
Pinnacle pegs chief medical officer, chief clinician Chris Dennis has been appointed the new chief medical officer of Pinnacle Treatment Centers. Carin Kottraba was also tapped as Pinnacle’s chief clinical officer, the company announced Friday. Dennis joins the substance use disorder provider from Optum, where he served as chief behavioral officer. Pinnacle credited Dennis with […]
After a year and a half of scale-backs and tempered growth, LifeStance Health (Nasdaq: LFST) is planning a return to M&A. The target for that comeback: 2026. LifeStance is still completing processes designed to improve efficiency, David Bourdon, the company’s chief financial officer, said at the 22nd Annual Morgan Stanley Healthcare Conference on Wednesday. Along […]
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