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 […]

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 […]

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 […]

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 […]

Hybrid Youth Mental Health Provider Blackbird Health Raises $17M

Tech-backed youth mental health provider Blackbird Health has raised $17 million in Series A funding. Define Ventures led this new round of funding, bringing the startup’s total raise to roughly $23 million. Frist Cressey Ventures and GreyMatter also participated in this funding round. The Pittsburgh-based startup plans to use the new capital to fuel its […]

Teladoc CEO: ‘There’s A Lot of Untapped Potential Outside the US’ for BetterHelp Expansion

Teladoc (NYSE: TDOC) is setting its sights on the international market to grow its direct-to-consumer behavioral health business segment, BetterHelp.  This comes after a revenue dip for BetterHelp in Q4 2023, which the company attributed to a decline in customer-acquisition yield. Overall, BetterHelp generated $276 million in Q4 revenue, down by $10 million from last […]

‘Pandora’s Box Is Open’: The Future of the Behavioral Health Industry Includes AI-Powered Chatbots

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! A “pocket penguin” tells you that you are loved, cherished and cared for. This isn’t a child’s TV show, it’s a mental health chatbot. […]

5 Mental Health Companies to Watch in 2024

After a rocky 2023, mental health providers are considering new approaches to growth and sustainability. In the wake of the bursting venture funding bubble and cooling M&A market, providers are taking stock of their assets and looking for new revenue generation. Some providers have opted for new partnership opportunities with public entities, such as state […]