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 […]
Many behavioral health providers are excited about the prospect of leveraging value-based care in order to be paid more for the high-quality outcomes they deliver. But there is no one universal strategy for how such care should be delivered or tracked, as behavioral health lacks many of the empirical measures used in physical health care. […]
Meru Health — a comprehensive mental health solution that’s won partnerships with some of the nation’s largest insurers — has its sights set on national expansion, new partnerships and additional offerings. Meru works with employers and major health insurance companies such as Cigna, Humana and, most recently, Moda Health to provide mental health care for […]
The new behavioral health pilot from CVS Health (NYSE: CVS) focused on collaborative care is indicative of where the pharmacy giant is headed in the future, according to Cara McNulty, president of behavioral health and the Employee Assistance Program at Aetna. “You’ll continue to see us advancing our mental health efforts, right alongside with our […]
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
The American Psychological Association (APA) is calling on Congress to enforce and improve the Mental Health Parity and Addiction Equity Act (MHPAEA), arguing that the legislation’s long-time shortcomings have become even more clear amid the pandemic. MHPAEA has been the law of the land since 2008. It mandates that employers offer mental health coverage that’s […]
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