Tech-backed behavioral health medical group Concert Health has scored $42 million in a Series B funding round led by Define Ventures, Healthy Ventures and Vertical Venture Partners, with participation from Townhall Ventures. Concert Health partners CommonSpirit Health and Advent Health also made a strategic investment in the business. This news comes roughly a year after […]
In the last few years, telehealth companies providing digital treatment services for substance use disorder (SUD) have reported seeing “tremendous” growth. That list includes Ria Health and Monument, which offer digital treatment services for alcohol abuse disorder (AUD). Representatives from the two companies recently reported that membership numbers are up, as are the number of […]
Hazel Health bases its integrated telehealth approach in school settings for one simple but essential reason — that’s where kids are most of the day. By doing so, the San Francisco-based physical and mental health telehealth provider is able to make it easier for kids to get care in a way that minimizes the impact […]
While business is booming for behavioral health practitioners, it can be difficult for independent ones to juggle demand with the everyday tasks of running a business. Often when practitioners render services, money is left on the table. In fact, it is estimated that less than 85% of what is owed to independent practitioners from commercial […]
Telehealth visits increased by an eye-popping amount among UnitedHealthcare members compared to pre-pandemic levels. Utilization in 2021 increased to 28 million virtual care visits — a 2,500% increase — with about half of those visits being for behavioral health issues. And within behavioral health, 63% of all visits were conducted via telehealth, according to a […]
Prescription digital therapeutics providers (PDTs) have been pushing for recognition and acceptance in the health care sector for years. That effort got a major boost thanks to a seemingly minor administrative move from the federal government. In February, the Centers for Medicare & Medicaid Services (CMS) announced the creation of a new reimbursement code for […]
Some leaders in the virtual medication-assisted treatment (MAT) space see the opportune regulatory environment of the moment continuing post-COVID. However, virtual MAT providers were disappointed in the past by a regulatory flub at the federal level that could have secured them key flexibilities, leaving them to at least think about what might happen if current […]
Mental health startup Ahead will shut down operations. The company, officially incorporated as Abe Health LLC, posted on its website that it was no longer taking new patients as of April 14 and will stop caring for current patients on June 24. “At Ahead, our mission has always been to provide accessible, quality, and judgment-free […]
Iris Telehealth has raised $40 million in a Series B to fuel a national expansion and deepen its capabilities across its operational, clinical and technology functions. Andy Flanagan, CEO of the Austin, Texas-based telepsychiatry provider, told Behavioral Health Business the funding round allows the profitable company to accelerate its already rapid growth rate and keep […]
More people have become comfortable seeking behavioral health help either online or in person, but problems persist when it comes to minority and underserved populations. For individuals identifying as Black, indeginous and people of color (BIPOC), many have felt that mental health providers, overall, fail to address unique cultural circumstances contributing to adverse behavioral health […]
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