Digital health continued its tear in 2021, as the number of deals and the amount of funding in the space reached record levels. And if mental health had not already proven itself as a major engine driving activity, 2021 definitely underscored that fact. Digital startups based in the U.S. hauled in $29.1 billion over the […]
Category: Psychiatric Care
Digital health continues to be a hot commodity, as funding for the category exceeded the $20 billion mark in 2021. Telehealth use across the health spectrum has reached stratospheric levels, all of which leaves the telebehavioral health world in a unique position to take advantage of the demand. And what seemed only a few years […]
Health Connect America (HCA), a provider of behavioral health services in the Southeast, announced Thursday the acquisition of three companies to further grow its platform. The deals add Georgia HOPE, Pinnacle Family Services Holdings LLC and Healing Educational Alternatives for Deserving Students LLC (HEADS) to Health Connect America’s portfolio, enabling the provider to serve more […]
A year ago today, Centene Corporation (NYSE: CNC) announced its intentions to expand its behavioral health offerings with the purchase of Magellan Health. Exactly one year later, the deal is now official. In one of the health care industry’s first significant closings in the new year, managed care organization (MCO) Centene completed its $2.2 billion […]
The Centers for Medicare and Medicaid (CMS) issued guidance Tuesday on an interim final rule mandating COVID-19 vaccinations for workers at federally-funded health care facilities. The vaccination guidance pertains to the final rule issued by the Biden administration in November, which mandated all workers at CMS-funded facilities to have the COVID jab by January 4, […]
Providing behavioral health care to Medicare enrollees lowers the cost of care compared to individuals who were left untreated, according to results of a recently published analysis. The study was done by health care management consulting company Avalere Health, which looked at the medical, hospital and emergency department (ED) costs incurred when treating geriatic patients […]
Data science and health technology company Holmusk, which is building a large-scale evidenced-based platform for behavioral health, recently closed a strategic investment round. Holmusk, whose last fundraising effort was a Series A round in May 2020, received investments from new participants including Novartis (dRx Capital) and Northwell Holdings. Northwell Holdings is the investment arm of […]
Two Missouri behavioral health organizations are joining forces as Springfield-based Burrell Behavioral Health has acquired Comprehensive Mental Health Services (CMHS), which is based in Independence. Burrell Behavioral Health, which was founded in 1977, is the second largest behavioral health provider in Missouri, employing more than 500 clinicians and serving over 40,000 clients across 25 counties […]
Spero Health opens doors to two new locations Substance use disorder (SUD) treatment provider Spero Health has expanded its footprint with two new locations in Ohio and Virginia. Spero’s Ohio clinic is located in Akron, in the eastern part of the city, and offers in-person and telehealth services. The clinic accepts most commercial insurances as […]
CVS Health (NYSE: CVS) has completed 8 million virtual visits for behavioral health care during 2021, the company disclosed last week during its Investor Day conference. Investor Day took place as the company also recently announced plans to close around 900 stores – around 10% of its physical locations – over the next few years […]
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