Industry insiders projected that 2023 would be a year of reckoning for autism treatment providers. The reckoning is here. Major platform companies have made significant stumbles, and workforce challenges still plague the industry. All the while, payers continue to hold out on raising reimbursement rates for most autism therapies. Instead, payers eye value-based care arrangements. […]
Applied behavioral analysis provider Autism Behavioral Institute (ABI) has landed revenue-based funding from Decathlon Capital Partners. The terms of the deal were not disclosed, but the provider characterized it as a “significant investment.” The new capital is expected to help ABI expand into new markets and support adding new payer partners. The Charlotte, North Carolina-based […]
Sevita – one of the largest providers of community-based and in-home care services for people with intellectual and developmental disabilities (I/DD) in the nation – has named a new CEO. The company, formerly branded as The Mentor Network, announced Philip Kaufman’s appointment to the top executive position on Monday. A long-time UnitedHealth Group (NYSE: UNH) […]
Hopebridge Inc. hopes to win over staffers and potential employees with its new travel BCBA role. The essence of the Indianapolis-based autism therapy provider’s pitch goes something like this: help kids, travel the country, work in areas of greatest need, receive additional training — and get paid to do all that. Hopebridge and other autism […]
Invo Healthcare will shutter several applied behavior analysis (ABA) subsidiaries, Behavioral Health Business has learned. The company is altogether leaving the home-based and center-based autism therapy segments to focus on its legacy offering: school-based behavioral health services, including ABA. Officials with Invo Healthcare have said publicly and within the company that its efforts to overcome […]
The Center for Autism and Related Disorders’ (CARD) bankruptcy doesn’t foreshadow a new level of doom and gloom for the industry as a whole. Although CARD is one of the largest companies operating in the space, it shouldn’t be used as a bellwether for autism therapy’s future outlook, several insiders told Behavioral Health Business. “I’d […]
“That’s just the way they are, and speaking to a shrink is not going to help them.” Over the past several years, there has been a mounting effort in the U.S. to better integrate behavioral health services into nearly every facet of health care, starting with primary care. Despite this focus, behavioral health often remains […]
The Center for Autism and Related Disorders has filed for Chapter 11 bankruptcy protections and entered into a stalking horse bid agreement with a group led by its founder and ex-CEO Doreen Granpeesheh. The news comes after months of rumors regarding CARD’s status, with multiple sources telling BHB they believed the company was exploring strategic […]
Value-based care in autism therapy doesn’t exist in a meaningful way. Several industry challenges create an urgent need for innovation in payment models. Stagnant fee-for-service rates and workforce pressures are at the forefront of those issues. Common value-based care challenges, like tracking and quantifying value, have also stymied many conversations. Yet, this type of innovation […]
The autism therapy industry segment may see a bounceback in dealmaking in the not-so-distant future. After reaching a fever pitch in 2019, the number of deals has trended downward, with 2022 seeing several high-profile stumbles of major platform companies, inflation, rising interest rates and workforce challenges. However, several industry insiders attending the Autism Investor Summit […]
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