Delray Beach, Florida-based UpHealth Inc. (OTC: UPHL) revealed more about its burgeoning addiction treatment business as it seeks to untangle itself from a messy special purpose acquisition company (SPAC) merger gone wrong. UpHealth’s Florida-based addiction treatment business, TTC Healthcare, grew revenue 42% to $44 million and expanded gross margins to 57% in 2023, according to […]
Clinicians at substance use disorder (SUD) provider Bicycle Health won their union election in a landmark moment for the digital SUD industry. The National Labor Relations Board tallied votes on Monday, April 15 and found that 64% of ballots favored unionizing with the Union of American Physicians and Dentists (UAPD). “Today marks an important win […]
When family medicine physician Dr. Jennifer Thomas started her first job after her residency, she said she had “no clue” how often she would encounter substance use disorder (SUD) needs in the primary care setting. Thomas, co-national medical director for integrated care at the Collaborative Family Healthcare Association (CFHA), is now part of the movement […]
Despite subdued telehealth funding broadly, the virtual substance use disorder (SUD) treatment industry is an attractive opportunity for venture capital investors, representing a market opportunity of well over $10 billion. While virtual SUD treatment cannot be a replacement for all types of addiction care, addiction digital therapeutics represent a significant opportunity for market expansion, according […]
Many obstacles can hinder access to opioid treatment, including stigma, insufficient clinician training and lack of a care continuum. A new partnership between Acadia Healthcare (Nasdaq: ACHC) and Uber Health (NYSE: UBER) is tackling a crucial but less discussed barrier: transportation. “We talk a lot in this industry about access to care from a lot […]
Only one-third of Medicaid enrollees with opioid use disorder (OUD) receive treatment, according to the U.S. Department of Health and Human Services Office of Inspector General. Opioid addiction care provider Ophelia partnered with the health plan Highmark Wholecare to improve this statistic and extend OUD treatment access to people enrolled in Medicaid plans. Through the […]
Concerns that changing methadone prescription laws will materially impact behavioral health providers are overblown, according to an analyst note from Jefferies Financial Group. The relaxed buprenorphine laws have not substantially increased prescriptions. Therefore, on the business side, the softened methadone prescription regulations would not cause providers such as Acadia Healthcare (Nasdaq: ACHC) to lose a […]
Providers are throwing caution flags on the field of virtual substance use disorder (SUD) treatment. Virtual SUD treatment boasts serious benefits, including convenience and accessibility, but not all patients are well-suited to receiving care through exclusively virtual means, industry insiders told Addiction Treatment Business. While virtual therapy may be the best fit for some patients […]
The journey to value-based care in the addiction treatment space has produced a number of roadmaps with common mile markers for progress, leaving a list of do’s and don’ts for the industry. These include well-defined data tracking, working up to more robust arrangements with willing payer partners over time and negotiating the operational implications of […]
Behavioral health operator Acadia Healthcare (Nasdaq: ACHC) is executing its strategic M&A plan for 2024 with the announcement of three new acquisitions. Franklin, Tennessee-based Acadia acquired three comprehensive treatment centers (CTCs) in North Carolina, bringing its number of CTC locations in the state to 10. The treatment centers combine behavioral therapy and medications for opioid […]
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