Substance use disorder (SUD) treatment provider Ark Behavioral Health is permanently closing one of its locations and laying off facility staff, according to publicly available documents. Ark cited “unanticipated and unprecedented decline” in patient census, the company’s inability to renegotiate its lease, get a credit extension or otherwise raise money as reasons for closing the […]
The venture capital-backed, serious mental illness-focused startup firsthand has laid off most of its staff in five states. Company founder and CEO Samir Malik declined to specify the scale or the impetus of the layoffs. However, sources tell Behavioral Health Business that the company lost a UnitedHealthcare Medicaid contract that supported a major portion of […]
Universal Health Service (NYSE: UHS) has reported strong annual financial performance – as well as concern regarding potential Medicaid budget cuts. Medicaid changes have negatively impacted UHS’s behavioral health arm before. In 2024, the provider attributed low behavioral health patient days, in part, to Medicaid redeterminations. “We acknowledge that the current political environment has created […]
Virtual primary care provider LifeMD (Nasdaq: LFMD) has branched into the behavioral health industry and tapped a behavioral health executive with decades of experience to lead the expansion. New York City-based LifeMD announced Monday that it launched teletherapy, psychiatry and medication management services. It named Julian Cohen its senior vice president of behavioral health and […]
Demand for behavior analysts has never been higher. New data shows that that demand rocketed up in 2024. A report released by the Behavior Analyst Certification Board, using data from the firm Lightcast, shows unduplicated job postings for roles requiring a board-certified behavior analysis (BCBA) or board-certified behavior analyst–doctoral (BCBA-D) credential increased by 58% year […]
While matching patients with clinicians of similar backgrounds improves outcomes and care satisfaction, staffing constraints often make this challenging. Many providers have turned to practicing culturally responsive care as one way to improve connections between patients and providers who do not necessarily share lived experiences. Mental health providers use the practice to apply behavioral health […]
This is an exclusive BHB+ story The classic saying “cast a wide net” may be true with fishing, but some behavioral health providers are finding a narrower approach pays dividends. Providers are finding more ways to stand out in an increasingly competitive industry. Targeting a niche population may be one way to do so – though […]
Technology giant Apple (Nasdaq: AAPL) announced that it is narrowing in on the intersection of technology, physical health and mental health. The Cupertino, California-based company announced on Wednesday that it is launching a new study in collaboration with Brigham and Women’s Hospital to investigate technology’s role in improving physical health, mental health and “overall wellbeing.” […]
Autism therapy providers have described workforce trends with out-of-character positivity when analyzing the year that was in 2024. That’s not to say that it was all peaches and cream. Sky-high turnover and workforce-driven margin degradation keep their dominating positions as the industry’s chief concerns. However, several executives Autism Business News contacted for this story described […]
This is an exclusive BHB+ story Nonprofit behavioral health provider Centerstone has elevated its chief financial officer to the role of chief operating officer. New COO Carol Bean is planning to be “bold” to accelerate Centerstone’s growth and seeks to double the company’s revenue. Specifically, she aims to spur the company’s certified community behavioral health […]
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