Digital therapeutics company Click Therapeutics has raised a whopping $48.5 million in funding, according to public documents. Click Therapeutics stands out as one of the few prominent digital therapeutics companies still actively securing investments following numerous high-profile market failures. Digital therapeutics refers to evidence-based treatments delivered through software interventions to treat or manage a condition. […]
Virtual primary care provider LifeMD (Nasdaq: LFMD) has branched into the behavioral health industry and tapped a behavioral health executive with decades of experience to lead the expansion. New York City-based LifeMD announced Monday that it launched teletherapy, psychiatry and medication management services. It named Julian Cohen its senior vice president of behavioral health and […]
While matching patients with clinicians of similar backgrounds improves outcomes and care satisfaction, staffing constraints often make this challenging. Many providers have turned to practicing culturally responsive care as one way to improve connections between patients and providers who do not necessarily share lived experiences. Mental health providers use the practice to apply behavioral health […]
Employers are increasingly seeking out behavioral health benefits to improve employee care and save on long-term health costs. Providers have, in turn, stepped up to expand employer offerings. These employer offerings have meaningful returns, according to new research published in JAMA Network Open. Researchers found that employers saved $190 in overall medical claims cost for […]
Not-for-profit behavioral health care provider Rogers Behavioral Health and for-profit workforce mental health provider Lyra Health have forged an alliance. The collaboration, announced Tuesday, gives Lyra access to Rogers’ health plan networks while allowing Rogers to scale its virtual services using Lyra’s national footprint. For Rogers and Lyra executives, the most important aspect of the […]
Fostering successful pilots with health plans is critical for digital mental health startups. These relationships can promise significant promise for providers and payers, but a negative outcome can mean wasted time and resources. While risk is an inherent part of a trial run for a digital mental health provider, both health care companies and payers […]
Private equity-backed behavioral health provider PAX Health has acquired Harris Psychiatry Services, a psychiatric care provider specializing in workers’ compensation. Financial terms of the deal were not disclosed. PAX Health was formed in March 2024 by merging three behavioral health companies: Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN) and Reservoir Health. The company […]
Nearly half of patients seek out mental health care from their primary care provider or their insurance network. Most of these patients are disappointed. While 47% of patients look for mental health providers through their insurance directories, only 17% find care that way, according to research from mental health patient-matching company Headway. Similarly, 35% of […]
More than 50 million Americans suffer from chronic pain. Behavioral health conditions, including mental health and substance use disorders (SUD), are highly prevalent among those with chronic pain. In fact, 56% of U.S. adults with chronic pain have clinically significant anxiety or depression symptoms. And yet, a “staggering” share of this group does not receive […]
Behavioral health providers are hungry for meaningful innovations in treatment modalities. A cutting-edge technique known as precision psychiatry could be an answer to fostering more timely and improved outcomes, experts told Behavioral Health Business. This practice, an application of the more general term precision medicine, requires significant data and technology investments, however, which could hamper […]
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