Massachusetts’ Medicaid to Cover Certain Prescription Digital Therapeutics Offered by Pear Therapeutics Inc.

Last week, Pear Therapeutics announced that MassHealth will reimburse for prescriptions for Pear’s products reSET and reSET-O. The former treats substance use disorder while the latter treats opioid use disorder. Founded in 2013, Pear Therapeutics develops prescription digital therapeutics: or PDTs. The company has successfully received clearance to commercialize three PDTs. The third, other than […]

Owl Health Chosen by RCA for Patient Outcomes Measurement Platform

Cloud-based behavioral health company Owl Health announced a partnership Monday with the Recovery Centers of America (RCA), where it will provide its measurement-based care (MBC) platform to the treatment operator. The MBC platform contains a library of over 250 evidence-based measures, with collected data used by providers to assess clinical outcomes of patients being treated […]

Ginger and Headspace Finalize Merger, Creating $3B Behavioral Health Platform

Less than two months after announcing the deal, Ginger and Headspace have now officially merged to create a company valued at more than $3 billion. The newly-combined Headspace Health brings together Ginger’s therapy, counseling and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers and over 2,700 […]

Pediatric Behavioral Health Platform Elemy Raises $219M, Puts Valuation at $1.2 Billion

Elemy, a digital healthcare company that specializes in in-home pediatric behavioral health, announced this week a $219 million Series B funding campaign that will further the company’s mission in helping kids with autism and other behavioral health challenges by using technology to match families with therapists, board certified behavior analysts and hands-on Registered Behavior Therapists […]

Lyra Health Saves Employers Roughly $2,300 per Participant and Reduces More Costly Interventions

A new independent study found that employers offering Lyra Health’s mental health care benefits were able to save a significant amount of money through overall health care costs in the first year of enrollment. The study, which was conducted by the global professional services firm Aon, found that employees who were able to take advantage […]

Magellan Health, NeuroFlow Roll Out Collaborative Care Solution for Behavioral Needs

Magellan Healthcare has unveiled a collaborative care solution to improve delivery of behavioral health services in physical settings. The service has been developed in partnership with NeuroFlow, a Philadelphia-based digital provider of behavioral care coordination services. Magellan Healthcare — which is the behavioral and specialty health division of managed care organization (MCO) Magellan Health (Nasdaq: […]

Octave Expands Mental Health Access in California; Announces Partnership with Health Net in Los Angeles

Octave, a national mental health practice with locations in New York and California, announced it will join Health Net’s network of providers to offer its mental health services to more than 500,000 people and patients who have health care plans with Health Net. The partnership will allow Octave to expand its reach throughout California and […]

Growth in Telehealth for Mental Health Patients Adapting to COVID-19 Pandemic

New research from the American Medical Association shows that a growing number of physicians are using videoconferencing to provide patient visits as the industry continues to adjust to life after the coronavirus pandemic. The AMA Physician Practice Benchmark Survey published this month found that 70.3% of physicians worked in practices that used videoconferencing to provide […]

Wayspring Raises $75M for Value-Based Substance Use Disorder Treatment

axialHealthcare — a Nashville, Tennessee-based substance use disorder (SUD) treatment company — has received a $75 million investment, along with rebranding itself to Wayspring. Founded in 2012, Wayspring is a value-based care solutions company that links prospective patients to providers of treatment services. Patients and providers are connected through a network of SUD treatment organizations, […]

AdventHealth and Concert Health Collaborate on New Care Program to Expand Whole Health Care

One of the country’s leading behavioral health medical group and one of the nation’s largest faith-based health systems recently announced they are joining forces. Concert Health and AdventHealth announced a partnership earlier this month that will deliver Collaborative Care, an evidence-based model, to identify and treat patients with behavioral health needs within the primary care […]