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 […]
Headspace is broadening its reach by offering its mental health coaching services, previously exclusive to its business-to-business segment, directly to individual consumers. Several digital health companies started in the direct-to-consumer space and have since focused their efforts on their B2B business. Now, Headspace is expanding in the opposite direction, taking its B2B coaching product and […]
In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! When it comes to digital health investing, it’s feast or famine for behavioral providers, driving some startups to make tough choices. In 2021, […]
Payers and employers are moving away from a strictly fee-for-service model and looking for outcomes from behavioral health providers. As the transition to outcomes-based payment gains momentum, digital health providers might be well-positioned to partner with these entities because of their data-collecting capabilities. Behavioral health providers have traditionally lagged behind physical health providers when it […]
Troubled mental health startup Cerebral Inc. must pay millions to the federal government to settle allegations involving its data privacy practices and cancellation policy. The U.S. Department of Justice and the Federal Trade Commission (FTC) released a federal complaint and proposed order detailing allegations of unlawful sharing of protected health information with third parties for […]
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 […]
The virtual pediatric mental health startup Bend Health has expanded its services to young adults. Founded in 2021, the Madison, Wisconsin-based startup was focused on caring for children up to age 17 and their families through partnerships with pediatricians based on the collaborative care model. The extension of services to young people up to age […]
Virtual psychiatric care provider Valera Health has raised $9 million in equity, according to public documents. The provider offers therapy and psychiatry services to adults, as well as teens aged 12 to 18. It currently serves patients in New York, New Jersey, Massachusetts, Vermont, Arizona, Washington, Connecticut, Texas, Oregon and Floridia. In addition to traditional […]
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 […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
