Investors Predict Increased Collaboration Between Behavioral Health, Home Health in 2021

For decades, behavioral health services have been delivered in facility-based settings, whether those be inpatient psychiatric hospitals or outpatient clinics. But in 2020, that changed. The coronavirus forced telehealth into the mainstream, in turn making remote behavioral health care delivery commonplace. Nearly a year later, industry stakeholders agree there’s no putting the genie back into […]

Gateway Foundation Leverages Grant to Launch Gambling Treatment Program

More and more American have started to recognize substance use disorder (SUD) as a health condition rather than a moral failing. However, other forms of addiction — such as gambling — have yet to be afforded the same courtesy. Many payers, including Medicaid, still don’t reimburse for gambling addiction treatment. That’s despite state and federal […]

Programming Note: BHB Holiday Schedule

Thanks for reading Behavioral Health Business! If you haven’t already, be sure to subscribe to our newsletter, which brings the latest industry updates and breaking news stories directly to your inbox. Starting Thursday, Dec. 24, BHB will be taking a break for the holidays. We will resume our normal publication and newsletter schedule Monday, Jan. […]

Top Behavioral Health Care Stories of 2020

The coronavirus has dominated the 2020 news cycle, and for good reason: The virus has shaped nearly everything about this year, including the behavioral health industry. COVID-19’s impact on the space is further evidenced by 2020’s top stories on Behavioral Health Business. BHB’s most read story for the year was a story related to coronavirus […]

AAC Outlines 2021 Blueprint Following Recent Restructure

American Addiction Centers (AAC) has started a new chapter in the company’s history. After years of financial struggles and a Chapter 11 bankruptcy filing, the substance use disorder (SUD) treatment provider recently completed a financial reorganization. The restructuring has helped AAC reduce its debt load by about $500 million and position the company for its […]

2021 Autism Outlook: Stakeholders Predict Consolidation, Service Expansions in Year Ahead

Autism treatment providers have been hit especially hard by the COVID-19 pandemic, as many of their services are dependent upon in-person connections. But in 2021, stakeholders predict the industry will bounce back; however, it won’t look the same way it did pre-pandemic. Executives and insiders in the space anticipate more children will need higher levels […]

Virtual SUD Treatment Startup Workit Health Raises $12M

Workit Health, a virtual rehab startup, has raised $12 million in Series B funding. That brings the telemedicine company’s total funding raised up to $20 million, according to the fundraising tracker website Crunchbase.  FirstMark Capital led the investment round. Lux Capital, GingerBread Capital and Blue Cross and Blue Shield Venture Partners also participated, as did […]

Modern Health Raises $51M for Employer Mental Health Platform

Modern Health — a mental health and wellness platform — has raised $51 million in Series C funding. The investment brings the company’s total funding raised up to more than $95 million and pushes its valuation past $500 million, according to a press release announcing the news.  Battery Ventures led the funding round, with additional […]