Digital behavioral health provider Headspace has inked a new deal with Intermountain Health’s value-based care subsidiary Castell to offer virtual coaching and therapy to select health plans in Utah. Castell can refer members with behavioral health conditions or concerns to Headspace Health. This value-based care collaboration aims to reduce the cost of care and improve […]
The majority of large employers report seeing the impact of increased mental health issues in the wake of the COVID-19 pandemic. That’s according to the Business Group on Health’s 2024 Large Employer Healthcare Strategy Survey, which included responses from 152 employers representing 19 million covered lives. Seventy-seven percent of employers said that they are seeing […]
A federal court decision has revitalized the mental health parity case of Wit v. United Behavioral Health. On Aug. 22, the U.S. 9th Circuit Court of Appeals vacated its previous ruling, issued in January 2023, and remanded questions about potential breaches of United Behavioral Health’s fiduciary duty and the plaintiff’s responsibility to exhaust administrative appeals […]
The Cigna Group (NYSE: CI) has seen a historic but expected rise in behavioral health benefits utilization in recent years. These insights, presented by the health care insurance and service conglomerate’s executives, echo others made by UnitedHealth Group (NYSE: UNH) executives on their second-quarter earnings call. “As it relates to what we’re seeing in terms […]
CVS Health (NYSE: CVS) is leaning into its health services efforts, which include several behavioral health programs. Part of that means reprioritizing which parts of the business to grow, contributing to CVS cutting thousands of corporate jobs this week. Specifically, CVS is doubling down on integrating its newly acquired assets, home health company Signify and […]
The U.S. Centers for Medicare & Medicaid Services (CMS) announced that it will raise the total estimated Medicare spending for inpatient psychiatric facilities by 2.3% next year. This means that total payments to inpatient psychiatric facilities (IPF) are projected to increase by $70 million in fiscal year 2024. CMS will also update Medicare’s payment rate […]
Kentucky and California are the latest states to join the federal government’s Medicaid mobile crisis intervention initiative. The Centers for Medicare & Medicaid Services (CMS) announced the addition of Kentucky and California to the federal program on Thursday. The participants bring the number of states partnering with the federal government to provide community-based mobile crisis […]
Behavioral health has played an integral role in boosting Elevance Health Inc.’s (NYSE: ELV) effort to provide health care services. Elevance’s health care services entity, Carelon, grew revenue by 18% and operating income by 6.8%. The organization Carelon Behavioral Health is in charge of its behavioral health services. “Carelon Behavioral Health extended its leadership position […]
UnitedHealth Group’s (NYSE: UNH) health services subsidiary Optum Health has picked CVS Health (NYSE: CVS) vet Dr. Amar Desai as its new CEO. The leadership change comes as Optum further focuses on behavioral health service integration and strategic M&A. In his new role, Desai will have a significant role in health care delivery at the […]
UnitedHealth Group (NYSE: UNH) revealed that behavioral health utilization increased notably during the second quarter of the year. While the leadership of the Minnetonka, Minnesota-based health care and insurance behemoth didn’t disclose specifics, its leadership said the company is assuming higher behavioral health usage as it develops health plan benefits. Increased behavioral health utilization also […]
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