In a significant milestone for the rapidly evolving, and at times tumultuous behavioral digital therapeutics (DTx) industry, the FDA granted 510(k) clearance to a novel therapeutic developed by Curio Digital. Curio’s eight-week prescription-only digital therapeutic treats mild to moderate postpartum depression in patients ages 22 and older in tandem with clinician-supervised outpatient care. Postpartum depression […]
Virtual care behemoth Teladoc projects that revenue from its direct-to-consumer behavioral health service, BetterHelp, will remain in the red for the first half of the year. In Q1, BetterHelp saw revenue decline by 4% and a membership decline of 11% compared to the same quarter last year. Looking into the next quarter, the company expects […]
Headspace is broadening its reach by offering its mental health coaching services, previously exclusive to its business-to-business segment, directly to individual consumers. Several digital health companies started in the direct-to-consumer space and have since focused their efforts on their B2B business. Now, Headspace is expanding in the opposite direction, taking its B2B coaching product and […]
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! When it comes to digital health investing, it’s feast or famine for behavioral providers, driving some startups to make tough choices. In 2021, […]
Payers and employers are moving away from a strictly fee-for-service model and looking for outcomes from behavioral health providers. As the transition to outcomes-based payment gains momentum, digital health providers might be well-positioned to partner with these entities because of their data-collecting capabilities. Behavioral health providers have traditionally lagged behind physical health providers when it […]
Troubled mental health startup Cerebral Inc. must pay millions to the federal government to settle allegations involving its data privacy practices and cancellation policy. The U.S. Department of Justice and the Federal Trade Commission (FTC) released a federal complaint and proposed order detailing allegations of unlawful sharing of protected health information with third parties for […]
The virtual pediatric mental health startup Bend Health has expanded its services to young adults. Founded in 2021, the Madison, Wisconsin-based startup was focused on caring for children up to age 17 and their families through partnerships with pediatricians based on the collaborative care model. The extension of services to young people up to age […]
Virtual psychiatric care provider Valera Health has raised $9 million in equity, according to public documents. The provider offers therapy and psychiatry services to adults, as well as teens aged 12 to 18. It currently serves patients in New York, New Jersey, Massachusetts, Vermont, Arizona, Washington, Connecticut, Texas, Oregon and Floridia. In addition to traditional […]
Despite subdued telehealth funding broadly, the virtual substance use disorder (SUD) treatment industry is an attractive opportunity for venture capital investors, representing a market opportunity of well over $10 billion. While virtual SUD treatment cannot be a replacement for all types of addiction care, addiction digital therapeutics represent a significant opportunity for market expansion, according […]
Pharma giant Otsuka (OTCMKTS:OTSKY) is teaming up with Alphabet’s life science subsidiary Verily to launch a new longitudinal study to research depression and mental health. The study, called My Mental Health Journey, will use Verily’s technology to collect real-world data from individuals living with depression and mental health disorders. The goal of the research is […]
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