When the COVID-19 pandemic hit the U.S., private and public payers rushed to cover telehealth, making it easier than ever for patients to receive behavioral health care. As a result, more than 80% of behavioral health organizations used telehealth for the first time amid the COVID-19 emergency, according to a recent survey by the digital […]
Amid the COVID-19 emergency, behavioral health providers are struggling. They’re grappling with increased costs and decreased revenues, while also seeing more demand for their services. As a result, 71% of organizations have had to cancel, reschedule or turn away patients over the past three months, according to a recent survey by the National Council for […]
Spero Health — a privately held substance use disorder treatment (SUD) provider with dozens of locations across five states — has opened a new clinic in Martinsville, Virginia. The facility is the sixth new center Spero Health has announced since the COVID-19 emergency began in mid-March. It’s all part of the provider’s plan to offer […]
Patients with behavioral health conditions in addition to physical ones drive nearly 57% of all health care spending; however, very little of that money goes toward treating behavioral conditions. That’s according to a new report from Milliman commissioned by The Path Forward for Mental Health and Substance Use. The study was funded by the Mental […]
The American Psychological Association (APA) is asking states and insurers to temporarily remove roadblocks that make it harder for mental health providers to offer telehealth services. Doing so is especially important in light of COVID-19, the APA says. “This is an extraordinary public health crisis with vast and unpredictable implications for the nation’s mental health,” […]
While more and more employers are offering mental health benefits, that doesn’t always translate into opportunities for traditional behavioral health providers. Many companies opt to provide the benefits through app-based solutions that specialize in remote coaching and stress-reduction, with trendy startups like Headspace and Ginger winning business from corporate giants such as Starbucks (Nasdaq: SBUX), […]
A care optimization platform that helps patients, providers and health plans navigate substance use disorder (SUD) has raised $15 million in Series C funding. The money will be used to accelerate axialHealthcare’s expansion into the SUD treatment and recovery sector, according to a press release announcing the news. Oak HC/FT, .406 Ventures, BlueCross BlueShield Venture […]
Anthem (NYSE: ANTM) has completed its acquisition of Beacon Health Options. Financial terms of the transaction were not disclosed. Prior to the deal, Boston-based Beacon billed itself as the largest independently held behavioral health organization in the country, serving more than 36 million people nationwide. Meanwhile, Indianapolis-based Anthem — which first announced it would buy […]
Most behavioral health providers agree it’s a good thing: The federal government continues to funnel more money into behavioral health initiatives, such as fighting the opioid epidemic and funding certified community behavioral health clinics (CCBHC). But as providers find themselves with more federal dollars, they’re also more likely to face increased scrutiny over their practices, […]
The co-founder of a Pennsylvania addiction rehab center has pleaded guilty to conspiracy to commit health care fraud for his role in an “elaborate” insurance scheme, according to the U.S. Department of Justice (DOJ). The scheme fraudulently billed insurers for more than $100 million, local newspaper The Intelligencer reported. Defendant Branden Coluccio entered the plea […]
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