Talkiatry Raises $130M, Vows Pivot to Value-Based Care

New York City-based telepsychiatry provider Talkiatry announced Tuesday that it secured a $130 million funding round, one of the biggest in recent memory in the venture capital-backed behavioral health space. The famed venture capital firm Andreesen Horowitz led the round, which included equity and debt financing. The funds will help the company scale up its […]

DEA Close to Unveiling New Telehealth Regulations for Controlled Substance Prescriptions

The Drug Enforcement Administration is preparing to release its final rule for telehealth and controlled substances. On Thursday, the White House’s Office of Management and Budget (OMB) received the final rule from the DEA. The OMB oversees the coordination and review of major executive branch actions. It’s the final stop before the final rules are […]

Done Global CEO, Top Doc Arrested on Health Care Fraud Allegations

Federal prosecutors in California have arrested the founder and ex-CEO as well as the clinical leader of the embattled online ADHD care provider Done Global. Ruthia He, a founder and once CEO, and David Brody, clinical president, were arrested on Thursday based on allegations they and others at Done Global carried out a “$100 million […]

Brightside Health Acquires Lionrock Recovery, Expands into SUD

Virtual behavioral health provider Brightside Health has expanded into addiction treatment by acquiring Lionrock Recovery. The move expands San Francisco-based Brightside Health into virtual addiction treatment. Specifically, the acquisition adds a virtual intensive outpatient program (IOP) to Brightside’s fleet of services. The terms of the deal were not disclosed. It also addresses a significant overlap […]

Teladoc Health Board Appoints Ex-Guidewell CFO to CEO Role

The board of Teladoc Health Inc. (NYSE: TDOC) has named Charles “Chuck” Divita III as its new CEO, effective immediately. He will also serve on the telehealth company’s board of directors.  Divita succeeds longtime CEO Jason Gorevic as the company tries to reverse a years-long skid in share prices and losses and reposition its virtual […]

How LifeStance Is Prepping for Potential Telehealth Regulation Changes, Installing Collaborative Care Models

Collaborative care has gained significant traction in the behavioral health industry since its inception in the early 2000s. The care model, which integrates physical and behavioral health care services, is set to become the gold standard, according to Dr. Ujjwal Ramtekkar, chief medical officer of LifeStance Health. LifeStance is increasingly implementing collaborative care across its […]

Data-Driven Approaches Improve Behavioral Health Equity, Aid Payer Negotiations

Racial and ethnic minority groups are 20% to 50% less likely to initiate mental health services and are 40% to 80% more likely to drop out of treatment prematurely.  Some behavioral health providers are seeking to improve these statistics by catering their services specifically to people of color, marginalized individuals and Medicare and Medicaid beneficiaries. […]

Venture Capital’s Priorities Are Evolving As Behavioral Health Market Matures

Venture capital firms have poured billions of dollars into the behavioral health sector over the last five years or so — and it remains a top investment target. However, investors are shifting their focus, seeking out business models with proven track records and taking calculated risks on innovative approaches. The venture capital approach contrasts with […]

Maternal Mental Health Provider Seven Starling Lands $12.6M 

Digital mental health startup Seven Starling has raised $12.6 million in funding and is seeking an additional $1.7 million to complete the round, according to an SEC filing. New York City-based Seven Starling provides virtual mental health services to women on the parenthood journey. Its offerings include therapy, peer support and medication as needed. The […]

Boulder Care Raises $35M to Expand Virtual Addiction Treatment Services

Digital substance use disorder (SUD) provider Boulder Care has raised $35 million in a Series C round, bringing the company’s total raise to roughly $85 million. Boulder plans to use the funds to deepen its presence in existing markets, expand into new markets, build out its clinical team and continue fostering partnerships, Boulder CEO Stephanie […]