SUD Providers Could Face Financial Failure in 2021, Industry Executives Predict

The COVID-19 emergency has only exacerbated the nation’s substance use disorder (SUD) crisis, which was already a national emergency in and of itself. Amid the coronavirus, overdose deaths have spiked, with the nation seeing about a 10% increase in fatalities in the first three months of the year, according to the Centers for Disease Control […]

Movers & Shakers: Ocean Recovery Hires New COO; Odyssey Behavioral Healthcare’s Executive Changeups

Ocean Recovery adds new COO Ocean Recovery — a Newport Beach, California-based addiction and eating disorder treatment center — has hired a new COO. Cade Saurage stepped into the role this November. He has more than 19 years of industry experience. Before becoming COO of Ocean Recovery, Saurage spent eight years serving as the director […]

Mental Health Software Startup Blueprint Raises $3.4M

Blueprint — a software startup designed to help mental health clinicians — has raised $3.4 million in seed funding. The new financing brings the company’s total funding raised up to $4.7 million.  Based in Chicago, Blueprint is a technology company whose goal is to help mental health clinicians make informed treatment decisions using measurement-based care. […]

Spero Health, Cordant Health Solutions Make Naloxone Part of MAT with New Initiative

Spero Health and Cordant Health Solutions have teamed up to make the overdose-reversing drug naloxone, also known as Narcan, a normal part of medication-assisted treatment (MAT). The initiative is already showing promising results, the companies announced in a press release. Headquartered in the Nashville area, Spero Health is one of the nation’s largest office-based opioid […]

Acadia Forms JV with Henry Ford Health System

Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture with Henry Ford Health System to bring a new behavioral health hospital to the Detroit area. The pair announced the JV Wednesday.  Headquartered in Franklin, Tennessee, Acadia bills itself as the nation’s largest standalone provider of behavioral health services. As of Sept. 30, it boasted 582 […]

From Consolidation to Innovation, Behavioral Health Executives Share Their 2021 Predictions

In 2020, the COVID-19 emergency turned the behavioral health industry upside down, impacting everything from reimbursement and revenues to service delivery and demand itself. In the year ahead, the coronavirus will continue to shape the behavioral space. As such, behavioral health executives predict that technology and consolidation will take center stage in 2021. At the […]

Pear Therapeutics Scores $80M in Latest Funding Round

Pear Therapeutics has raised $80 million in Series D funding, the digital therapeutics provider announced Tuesday. The new financing adds on to the $134 million in funding the company has already raised.  SoftBank’s Vision Fund 2 led the latest funding round, with additional participation from new and existing investors. New participants include Forth Management, Pilot […]

Welldoc Adds Behavioral Solution to Its Digital Health Platform

Welldoc — a digital health platform focused on chronic care management — has expanded its offerings to include behavioral health. The new program will complement Welldoc’s existing digital health solutions for diabetes, hypertension, heart failure and diabetes prevention. Founded in 2005, Welldoc works to streamline relationships between payers, employers and health care systems. The ultimate […]

Tufts Health Plan Pioneers New In-Home SUD Treatment Option

Tufts Health Plan has rolled out a “pioneering” new in-home substance use disorder (SUD) treatment option for certain clinically eligible commercial members. The coverage will be available through a pilot in Massachusetts, where no other insurers are covering such home-based SUD treatments, according to a press release announcing the news.  Tufts is teaming up with […]

Quest Diagnostics Partners with Catapult Health to Provide Mental Health Screenings for Employers

Quest Diagnostics (NYSE: DGX), a large medical lab, has partnered with Catapult Health, a provider of employee-sponsored preventative checkups, to provide virtual mental health screenings to organizations for their employees.  The offering is part of a larger collaboration between the two companies, with the goal being to help employers give their workers access to clinical […]