Behavioral health insiders project staffing will remain the most significant headwind in 2023. That’s according to a new Behavioral Health Business survey released this week, which included 150 responses from professionals who work in the behavioral health industry. Fifty-three percent of survey respondents said staffing is the biggest challenge the behavioral health industry will face […]
Editor’s note (Feb. 2, 2023): A majority of Resilience Lab clinicians voted in favor of unionization. The mail-in vote was counted by the National Labor Relations Board on Feb. 1. The clinicians will be represented in collective bargaining efforts by District Council 37 of the American Federation of State, County & Municipal Employees. Unprecedented changes […]
Almost a year after New Directions Behavioral Health and Tridiuum announced their merger, the pair have launched a new joint company dubbed Lucet. Lucet works with payers to help their members connect with behavioral health care in less than five days. Its tech-backed product, Navigate & Connect, includes a digital platform and a team of […]
Headway, a startup that matches patients to mental health clinicians, is expanding its leadership team with a new chief of strategy and head of medical and clinical strategy. Startup vet Matt Hackett will be responsible for leading product, design and research at Headway in his new role as chief strategy officer and head of product. […]
Ophelia Health launched an intentionally provocative medication-assisted treatment (MAT) marketing campaign. The tagline for the campaign is “Fu*ck Rehab.” The New York City-based startup intends to challenge “rehab” as the default option for opioid use disorder (OUD). Ophelia Health has raised $67 million, according to Crunchbase. It solely focuses on treating OUD with MAT via […]
Economic uncertainty heading into 2023 will drive several existing trends that orbit around the topic of value-based care. In turn, economic pressure and increased focus on value will demand that mental health providers sharpen their proverbial pencils. The prognostications below come from executives of some of the largest incumbent companies and growing startups in the […]
Behavioral health data science and technology company Holmusk raised a $45 million series B financing round. On Tuesday, the company announced the investment will help scale up its NeuroBlu Database, its flagship product and a real-world behavioral health data source. The deal also comes with a data-sharing agreement. Veradigm Inc. (NASDAQ: MDRX), formerly Allscripts Healthcare […]
Despite a somewhat rocky 2022, Teladoc Health Inc.’s (NYSE: TDOC) direct-to-consumer behavioral health subsidiary, BetterHelp, raked in over $1 billion in revenue. That’s a $300 million increase from 2021, according to company leadership. More than 1 million people received therapy from BetterHelp in 2022, Teladoc CEO Jason Gorevic revealed at the JP Morgan Healthcare conference […]
Behavioral health tech company Array Behavioral Care closed a $25 million funding round led by CVS Health Ventures, the investment arm of health care giant CVS Health Corp. (NYSE: CVS). On top of providing capital for scaling efforts, the funding round brings Array Behavioral Care closer to CVS Health. Array has previously partnered with CVS […]
Acadia Healthcare names Laura Groschen to the C-suite Laura Groschen is now the chief information officer for the largest pure-play behavioral health operator in the U.S. — Acadia Healthcare Co. Inc. (NASDAQ: ACHC). Groschen will report to CEO Chris Hunter. Her role is to advance the company’s digital transformation, according to a news release. She […]
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