Private Therapy Practices Face Financial Strain Amid Economic Woes

The financial stability of private therapy practices is increasingly precarious, with the majority of therapists reporting anxiety over the current economic climate. Almost 85% of private practice therapists are concerned about the economy impacting their practice in 2024, according to a survey conducted by mental health-focused accounting startup Heard. Despite these concerns, most therapists said […]

Investors Favor In-Network Behavioral Health Providers for Faster Growth, Returns

Despite the higher reimbursement rates from private-pay models, investors are shifting their focus to in-network providers who offer stability. In-network behavioral health providers have faster growth, quicker revenue cycles and better overall returns, industry insiders told Behavioral Health Business. Although developing relationships with payers can be hard work, it can pay off with investors. Private […]

Psychedelic Venture Studio Beckley Waves Acquires Ketamine Provider Nue Life

Psychedelic-focused venture studio Beckley Waves has acquired digital ketamine-assisted therapy (KAT) provider Nue Life. Beckley Waves seeks to improve access to well-being-enhancing medicines and tools in an industry that is dominated by “antiquated” approaches to mental health, according to Daniel Love, co-founder and partner at Beckley Waves and interim CEO of Nue Life. “At the […]

Behavioral Health Companies Looking to Grow Their Enterprise Business ‘Still Need to Build The D2C Acquisition Muscle’

Several digital behavioral health companies are making the move from direct-to-consumer to business-to-business models, looking to create a larger market share. While a B2B approach may lead to a more extensive client base, companies looking to make the leap must be prepared to add higher privacy standards and the proven ROI that corporate entities expect. […]

Proven Models Help Behavioral Health Operators Overcome Carve-Out, Data-Sharing Challenges in VBC

The road to value-based care (VBC) contracting in the behavioral health sector is slow moving. In order for VBC to evolve in the behavioral health sector, both payers and providers need a seat at the table. Operators provide clinical expertise and troves of data about the patient experience. And these assets could put providers in […]

UnitedHealthcare Debuts Hybrid Health Plan, Includes Behavioral Services

UnitedHealthcare Group (NYSE: UNH) is rolling out a new health plan for members that allows them to receive various services — including behavioral health care — both virtually and in-person. NavigateNOW is a 24/7 service offered to employers in nine markets, in which members are given access to a care team provided by Optum, which […]

Optum Breaks into Direct-to-Consumer Mental Health Market

Amid the pandemic, the direct-to-consumer mental health market has boomed. Hims & Hers Health (NYSE: HIMS) broke into the behavioral health arena, while Talkspace took things public, just to name a couple examples. And now, Optum is also throwing its hat into the ring. Optum is the fastest growing business under the multinational managed healthcare […]

Pipeline: Lighthouse Adds Two Centers; New Addiction Treatment Facilities Open

Lighthouse deepens its Indiana footprint Lighthouse Autism Center, which provides applied behavioral analysis (ABA) therapy to children with autism spectrum disorder (ASD), has opened the doors to two new locations in its home state of Indiana. Lighthouse’s Valparaiso is located in a newly remodeled facility, which includes therapy spaces for learning, along with a playroom. […]