Alcohol-Related Deaths Spike By 29% in US, But Opioid Crisis Overshadows Alcohol Use Disorder

Want to read more content like this? Subscribe to Addiction Treatment Business today! The number of people who died from alcohol-related reasons per year increased by more than 40,000 within six years, new CDC data revealed. Yet, alcohol use disorder (AUD) remains overlooked in the substance use disorder (SUD) industry, which is laser-focused on the […]

Psychiatric Provider InSite Health Raises $2.9M; Hybrid Care Company Octave Raises $5M

Psychiatric care provider InSite Health raises $2.9M New Jersey-based InSite Health has raised $2.9 million, according to an SEC filing. The psychiatric care provider offers services for adults and children. It specializes in medication management, psychiatric evaluations, behavioral threat assessments, and psychotherapy. It treats patients with anxiety disorders, PTSD, addiction, depression, ADHD, autism and behavioral […]

Clinicians ‘Don’t Know What They’re Fighting’ in Battle Against Overdose Deaths

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! The overdose epidemic has been split into three “waves,” characterized by prescription opioids, heroin and fentanyl. A new, “fourth wave” of the overdose […]

Bridging the Gap: Behavioral Health Coaches Serve Unmet Need, But May Need Standardization 

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! The health coaching industry was initially focused on fitness and lifestyle goals but is now a common service line in the behavioral health […]

Hybrid Addiction Treatment Provider Eleanor Health Raises Over $22M

Substance use disorder (SUD) provider Eleanor Health has raised $22.23 million for its value-based care platform, according to an SEC filing. This new infusion of capital brings the company’s total raise to roughly $104 million. According to the SEC filing, the Waltham, Massachusetts-based provider plans to sell up to $30 million in equity in this […]

TMS ‘Pioneer’ Greenbrook Delisted from Nasdaq

Toronto-based Greenbrook TMS Inc. (Nasdaq: GBNH) has been kicked off the Nasdaq Stock Market LLC.   On Friday, the transcranial magnetic stimulation (TMS) and Spravato clinic provider announced it had received a final delisting notice from the stock market. The suspension is effective as of the opening of trading on Feb. 26. It’s unclear when shares […]

Digital Provider Lyra Expands into Complex Mental Health Care

Digital behavioral health provider Lyra has launched a new offering for individuals with complex mental health issues. The new offering takes a multipronged approach to supporting individuals with severe mental health needs. “When building Lyra Complex Care, we focused on four critical components not offered anywhere else: a specialized network of facility partners; a dedicated […]

88% of Addiction Treatment Provider Groups Recover Together’s Contracts Utilize Value-Based Care

Almost 90% of opioid use disorder (OUD) treatment provider Groups Recover Together’s new payer contracts included a value-based care element. This starkly contrasts the vast majority of SUD providers, which still use the fee-for-service model. Value-based care can align payers’ and providers’ interests, encourage providers to provide the most effective pathways to treatment and result […]

Talkspace Targets Teens and Seniors in Payer, Enterprise Push

In 2024, Talkspace (Nasdaq: TALK) will focus on expanding its services to teenagers and seniors via new partnerships with schools and municipalities, as well as broadening its reach within the Medicare program. Talkspace, which started as a direct-to-consumer company, continues to double down on its payer partnerships and direct-to-enterprise (DTE) strategy. Part of that strategy […]