After a year and a half of scale-backs and tempered growth, LifeStance Health (Nasdaq: LFST) is planning a return to M&A. The target for that comeback: 2026. LifeStance is still completing processes designed to improve efficiency, David Bourdon, the company’s chief financial officer, said at the 22nd Annual Morgan Stanley Healthcare Conference on Wednesday. Along […]
Category: Digital Health
The allure of being a one-stop-shop for health services is waning for behavioral providers. Instead, we are seeing the rise of partnerships to help with referral pathways and provide specialty care. While there is a drive for more integrated services with a holistic approach, many providers are recognizing their limitations, particularly in the digital space. […]
A mental health chatbot company led and backed by high-profile figures in the venture capital world has secured multiple rounds of funding. New York City-based Slingshot AI reportedly raised a $30 million funding round led by Andreessen Horowitz, one of the largest and most prominent venture capital firms in the world, and an undisclosed “fast-follow […]
BeMe Health has raised $12.5 million in anticipation of a Series A round. The Miami, Florida-based teen-focused digital mental health provider announced Thursday that the funding comes from growth capital investor Hesperia Capital. “BeMe takes a different approach to the mental health issues faced during this formative stage of life and is laying the groundwork […]
Virtual mental health provider Talkspace (Nasdaq: TALK) is stepping into the unknown as it doubles down on its efforts to work with more government payers, such as Medicare and TRICARE. On Tuesday, top executives at the company said that it doesn’t yet have a solid idea, beyond estimates, of how the economics of working with […]
New York City-based digital mental health provider Spring Health has secured $100 million in funding on a $3.3 billion valuation, the company said Wednesday. This comes on the heels of another eye-popping funding round. The company raised a $71 million Series D round (on a $2.5 billion valuation) in April 2023. Wednesday’s $100 million Series […]
Fourteen percent of high school students say that they have misused prescription opioids, placing them at higher risk of overdose, mental health issues and suicide. While the number of teens using opioids has declined in recent years, a new virtual treatment option has emerged for some teens still struggling with opioid use disorder (OUD). Virtual […]
Pediatric behavioral health provider Bend Health has launched a new virtual acute stabilization program in 25 states. The multi-pronged virtual program is designed to be a step up from traditional outpatient care and a step down from inpatient programs. The new program was born out of a need for an intensive level of care for […]
Patient-matching platform Headway is in the midst of closing a $100 million funding round, boosting its valuation to $2.3 billion, reports say. Spark Capital led the round, according to Bloomberg. Headway’s new valuation is roughly double what it was a year prior. Headway’s existing investors include Thrive Capital, Accel, Andreessen Horowitz and Global Founders Capital. […]
Understaffing has undermined the behavioral health industry for years. Only slightly more than a quarter of the nation’s need for mental health services is being met, according to KFF. Mental health coaching has emerged as a crucial way for the industry to provide care for lower-acuity patients who need a helping hand meeting goals, rather […]
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