Oceans Healthcare enters JV to build new facility, expand services Oceans Healthcare has announced a joint venture (JV) with CHRISTUS Spohn Health System, a Corpus Christi, Texas-based hospital operator, to expand its behavioral health care services in the southern coastal part of the state. As part of the arrangement, the pair will build a behavioral […]
Category: Commercial
For years, industry stakeholders have decried the health care system’s lack of behavioral health parity. Federal legislation — starting with the Mental Health Parity Act of 1996 — has attempted to ensure behavioral health services are as accessible and affordable as those in the medical-surgical realm. But various reports show that’s still not the case. […]
While many behavioral health providers have ambitions to enter into value-based reimbursement contracts, relatively few have managed to secure them. And even fewer have managed to build their models entirely around value-based care. But then there’s Groups Recover Together, a group-based medication-assisted treatment (MAT) provider, which has done just that. Founded in 2014 and headquartered […]
This February, telehealth utilization saw its first month-over-month drop since September 2020. One thing that hasn’t changed, though, is that mental health conditions continue to be the number one telehealth diagnosis across the nation. Telehealth was used more for mental health conditions than any other diagnosis in February, according to FAIR Health, a nonprofit health […]
When it comes to behavioral health providers being reimbursed for their services, documentation is key. But in the applied behavioral analysis (ABA) realm, documentation mistakes that can impact reimbursement and authorizations are common. Just ask Christina Weston, vice president of behavioral health at CareSource, a Medicaid and Marketplace insurer that operates in five states. “One […]
Caron Treatment Centers has spent much of its 60-plus-year lifespan making a name for itself as a private pay substance use disorder (SUD) treatment provider. But in recent years, the not-for-profit broke into the insurance market in a big way: These days, about 80% of its patients are covered by commercial payers, according to Caron’s […]
The on-demand, virtual behavioral health care provider Ginger has reached an agreement with Cigna to bring its full platform to the insurer’s behavioral health customers nationwide. Ginger announced the news Thursday. The agreement covers 14 million Cigna customers who have employer-sponsored or individual and family insurance plans (IFP). Under the partnership, those beneficiaries will be […]
PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]
CCMP Capital is reportedly preparing to sell Eating Recovery Center (ERC), according to PE Hub. Citing people familiar with the plans, the publication reported that the private equity firm is looking to begin the process later this year. CCMP Capital focuses on leveraged buyout and growth capital transactions. It currently has about 4.7 billion in […]
When it comes to the nation’s $42 billion dollar substance use disorder (SUD) treatment market, services are naturally the focal point of most businesses. But providers can’t offer those services at scale without the help of payers, who have the power to make treatment more affordable and accessible to the masses. That’s why Landmark Recovery […]
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