Large platform companies dominated the digital mental health landscape in 2024. These top-of-the-food-chain predators work with large customers, have impressive technology capabilities and garner serious investor dollars. These Goliaths leave small digital mental health providers, the relative “Davids” of the industry, looking for their place in the field. That’s according to Rock Health’s 2024 year-end […]
One of the largest substance use disorder (SUD) treatment providers in the U.S. announced patients’ records were exposed during a data breach last fall. BayMark Health Services, which treats over 70,000 patients daily, announced on Friday that an “unauthorized party” disrupted the company’s IT systems and accessed files containing patients’ personal and medical data. The […]
Digital health platform and investor darling Transcarent has acquired Accolade (Nasdaq: ACCD), a personalized health and benefits company that offers virtual-first integrated care, including behavioral health services. Transcarent announced on Wednesday that it would acquire Accolade for $7.03 per share in cash, a total equity value of approximately $621 million. The artificial intelligence (AI)-forward companies […]
Peer support startup Fello is angling to become the “Uber” of mental health and substance use disorder (SUD) support. The company, led by a former Uber Eats executive, raised $10.4 million earlier this month from investors including 62Ventures, The Capital Factory Fellowship Fund, Katalyst Capital and Offline Ventures. CEO Alyssa Pollack compared the platform, launched […]
Limbic, raised $14 million in March to expand into the U.S. market. Now it has done so. The London-based mental health artificial intelligence (AI) company has clinched a partnership with the nonprofit behavioral health system Rogers Behavioral Health. Through the deal, Rogers Behavioral Health is changing its “front door” intake system from primarily phone-based to […]
Almost 10% of Americans will experience a depressive illness in their life. Despite depression’s prevalence, the burgeoning digital therapeutics (DTx) industry had, until recently, not made a dedicated attempt to treat the illness. Now, pharmaceutical giant Otsuka’s (OTCMKTS:OTSKY) company, Otsuka Precision Health, has created the first FDA-approved digital therapeutic designed to treat depression alongside an […]
Teladoc (NYSE: TDOC) is defending the basic premise of its BetterHelp business model while presenting drooping third-quarter revenue figures. But the company plans to continue to invest in its capabilities to stay afloat in a rapidly changing, competitive industry. “We view 2025 as being an important repositioning year for the company as we execute against […]
Digital behavioral health platform CredibleMind has raised $7.5 million in a Series A funding round, the company announced Tuesday. The financing round was led by Horizon Mutual Holdings, which is part of Horizon Foundations for New Jersey. “CredibleMind has pioneered an accessible, smarter entry point for members seeking mental health and wellbeing support,” Suzanne Kunis, […]
Behavioral health providers are increasingly using artificial intelligence (AI) to improve efficiency, personalize treatment pathways and produce outcomes. How best to develop an AI-enabled technology stack remains unclear, however. While leasing AI technology from vendors is a relatively easy path to keep up with the digital Joneses, providers with more specialized needs or those looking […]
Universal Health Services (NYSE: UHS) is enjoying robust behavioral health pricing, driven by negotiations with lower-paying payers. Steve Filton, UHS’s chief financial officer, attributed historically high behavioral health pricing to the company’s ability to leverage higher rates from lower-paying payers, naming managed Medicaid payers specifically on the company’s Q3 earnings call Friday. “In an environment […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
