Wysa, an AI-powered mental health chatbot company, has acquired April Health, a behavioral health company that partners with primary care providers. The acquisition expands Wysa’s behavioral health offerings to include both human and AI options. It also allows the company to overcome the challenge of getting reimbursed for its services, Ramakant Vempati, co-founder and president […]
Cerebral CEO Dr. David Mou is handing over the leadership reins as he starts a new venture focused on behavioral health triage. Brian Reinken, a former board member of Cerebral, is stepping in as the interim CEO and president. A spokesperson for the company said this change comes as Cerebral increases “our focus on providing […]
Teladoc Health (NYSE: TDOC) is having a much better go of it in the mental health field through its B2B-focused Integrated Care division than its much more visible D2C entity, BetterHelp. BetterHelp, ostensibly the largest D2C digital talk therapy company in the U.S., is diminishing in scale and profitability, contributing to Teladoc Health’s overall financial […]
This is an exclusive BHB+ story Digital behavioral health startups experienced a tsunami of investor interest from 2020 to 2022. Founders now face a tough funding environment when growing their companies. As competition for funding dollars has increased, some say the pressure to become profitable as a new digital behavioral health startup is higher than […]
Sonar Mental Health has raised $2.4 million in pre-seed funding for its AI-backed youth mental health startup. Nina Capital led the funding round with participation from GSR Ventures, J4 Ventures and the Stanford University Social Impact Founder Fellowship. The Sacramento, California-based provider said the latest infusion of capital will go towards research and development, app […]
Virtual primary care provider LifeMD (Nasdaq: LFMD) has branched into the behavioral health industry and tapped a behavioral health executive with decades of experience to lead the expansion. New York City-based LifeMD announced Monday that it launched teletherapy, psychiatry and medication management services. It named Julian Cohen its senior vice president of behavioral health and […]
While matching patients with clinicians of similar backgrounds improves outcomes and care satisfaction, staffing constraints often make this challenging. Many providers have turned to practicing culturally responsive care as one way to improve connections between patients and providers who do not necessarily share lived experiences. Mental health providers use the practice to apply behavioral health […]
While shiny new technologies have historically defined behavioral health innovation, transforming the industry requires reimaging its fundamental operating models and care delivery systems. Behavioral health founders are now looking at changing payment structures, care models, and payer networks to help move the compass on behavioral health care. Payer contracting is one of the main areas […]
Artificial intelligence-powered XRHealth has acquired behavioral health digital therapeutics (DTx) company RealizedCare. The deal marks the third acquisition for XRHealth in as many years. Behavioral health DTx companies have faced considerable challenges in recent years, including Pear Therapeutics’ notable bankruptcy. Despite the historic turmoil, XRHealth is looking to the RealizedCare deal to add chronic pain […]
This is an exclusive BHB+ story While private equity investors are still the dominant player in traditional behavioral health care, venture firms have been making their mark on the sector, largely through digital plays. Over the past two years, there has been a lull in venture capital investments, but industry insiders are projecting that to […]
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