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. […]
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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 […]
Pharmacy giant CVS (NYSE: CVS) is releasing more details about the behavioral pilot program it’s rolling out at select HealthHUB locations. Behavioral Health Business first highlighted the pilot in mid-March, shortly after CVS released its annual Health Trends Report and highlighted the ongoing mental health crisis as a factor likely to define health care in […]
Promises Behavioral Health opens new facility in Texas Promises Behavioral Health has opened its latest facility, an addiction and mental health treatment center in Texas. Located in College Station, Promises Brazos Valley spans over 50,000 square feet and provides addiction and mental health treatment services to adults and college students. College Station is home to […]
A number of digital behavioral health startups have been making waves as of late by reaching unicorn status, with Calm and Lyra Health being a couple examples. The latest digital behavioral company to join those billion dollar ranks is Modern Health, whose biggest days appear yet to be ahead. Based in San Francisco, Modern Health […]
Better behavioral health care for Americans would not only produce better results for patients, but generate billions in savings annually, according to a recently released economic report from the global consulting firm McKinsey & Company. The report identified actions that public, private and social stakeholders could take to produce substantial savings in annual health care […]
In what is thought to be the first case of fraudulent enrollment of individuals under the Affordable Care Act (ACA), a Southern California father and son have been fined and sentenced to federal prison for falsely signing up individuals for drug treatment at rehab centers. Jeffrey White, 63, and his son, Nicholas White, 35, had […]
Seaside Healthcare may not be one of the most well-known names in the behavioral health space, but the company is hard at work establishing a national presence for itself. Founded in 2009, the Shreveport, Louisiana-based company’s roots go back several years and are intertwined with Hurricane Katrina. That’s when Franklin Roemer, who had been living […]
Digital mental health company Cerebral has closed on $35 million in Series A funding, the startup announced Wednesday. The on-demand mental health care provider will use the money to expand its services to all 50 states, develop partnerships with insurers and build out a new mobile app, according to a press release announcing the news. […]
Medication-assisted treatment (MAT) with buprenorphine or methadone is the gold standard for treating individuals with opioid use disorder (OUD), a new study suggests. Compared to other methods of treatment, researchers discovered that when buprenorphine or methadone are administered to individuals with OUD as part of their MAT regimen, they are less likely to experience an […]
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