Digital mental health unicorn Headspace is eliminating its staff therapist corps and 13% of its workforce. Headspace CEO Tom Pickett told employees in an email that the layoffs were necessary to “reset” the company and “return to our roots by driving innovations in both technology and care models that disrupt existing systems.” The move comes […]
AI-backed therapy platform Jimini has landed $8 million in pre-seed funding. The New York-based startup matches patients with a licensed clinician. Prior to the first appointment, Jimini’s AI therapist assistant, dubbed Sage, will initiate activities with the patient to help gather information to help the therapist conduct the first session. The assigned therapist can then […]
Burlingame, California-based Lyra Health has pruned its administrative and management workforce, joining a handful of behavioral health companies to do so in the waning days of 2024. Last week, the business-to-business-focused digital mental health company gave staff notice that it would lay off about 2% of its workforce. The total number of employees impacted totaled […]
Limbic, raised $14 million in March to expand into the U.S. market. Now it has done so. The London-based mental health artificial intelligence (AI) company has clinched a partnership with the nonprofit behavioral health system Rogers Behavioral Health. Through the deal, Rogers Behavioral Health is changing its “front door” intake system from primarily phone-based to […]
Access to behavioral health care continues to elude people across the country. To solve this problem, Highmark Health is taking a whole-person approach to behavioral health, Senior Vice President and Executive Medical Director of Population and Curated Health Dr. Anil Singh told Behavioral Health Business. The challenge to Highmark Health’s behavioral health strategy is the […]
Digital mental health startup Cerebral has reached a nonprosecution agreement with the U.S. Attorney’s Office for the Eastern District of New York. The agreement resolves the investigation of Cerebral’s policies and practices for controlled substance prescribing, specifically stimulants for ADHD. The company now faces fines totaling $6.57 million, according to a copy of the nonprosecution […]
Nema Health has raised $14.5 million in its latest funding round, according to public disclosure documents. The new round brings the digital mental health startup’s total funding to about $18.6 million for its digital trauma and post-traumatic stress disorder (PTSD) care platform. Founded in 2020, Nema Health offers talk therapy, psychiatric medication management and peer […]
Almost 10% of Americans will experience a depressive illness in their life. Despite depression’s prevalence, the burgeoning digital therapeutics (DTx) industry had, until recently, not made a dedicated attempt to treat the illness. Now, pharmaceutical giant Otsuka’s (OTCMKTS:OTSKY) company, Otsuka Precision Health, has created the first FDA-approved digital therapeutic designed to treat depression alongside an […]
Teladoc (NYSE: TDOC) is defending the basic premise of its BetterHelp business model while presenting drooping third-quarter revenue figures. But the company plans to continue to invest in its capabilities to stay afloat in a rapidly changing, competitive industry. “We view 2025 as being an important repositioning year for the company as we execute against […]
Talkspace Inc. (Nasdaq: TALK) is now profitable on an unadjusted basis, a notable milestone for a company that has nearly completely transformed its focus. The payer- and enterprise-focused digital mental health provider posted a net income of $1.87 million in the third quarter of 2024, a more than $6 million turn of fortunes compared to […]
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