Digital mental health company Cerebral announced a round of layoffs planned for July 1. The company told Bloomberg News, which first broke the story, that the layoffs are an effort to focus on quality and make the company more efficient. The number of employees that will be laid off has not been announced. This news […]
The key to virtual mental health care provider Charlie Health’s success rests on matching patients to the right clinicians and the right therapy groups, something its CEO contends it can only do in a virtual format. Thus, Charlie Health will forever remain a virtual-only provider of high-acuity services to teens and young adults, according to […]
Polygon, a digital tool for remote evaluations of learning differences, scored $3.6 million in a round led by Spark Capital. This brings the Santa Monica, California-based startup’s total funding to $4.2 million. Founded in 2020 by Jack Rolo and Meryll Dindin, the company recently emerged from stealth mode. The startup offers remote evaluations and support […]
Despite the uptick in tele-behavioral health adoption during the pandemic, in 2021 emergency departments continued to see a rise in volume for mental health conditions. “Based upon fundamental economic principles, telehealth is only a viable ‘substitute good’ for behavioral health,” Chief Research and Market Strategy Officer Sanjula Jain wrote in a new report from Trilliant […]
Digital behavioral health company Cerebral is continuing the expansion of its opioid use disorder treatment program to include Colorado and Washington state. The program, which was first announced in March, uses a combination of medication-assisted treatment (MAT) and behavioral therapy. However, this expansion comes just days after pharmacy giants CVS Health (NYSE: CVS) and Walmart […]
Digital emotional support startup Circles has raised $16.5 million in Series A funding. Zeev Ventures led the round with participation from Lior Ron, Head of Uber Freight, NFX, Flint Capital and Sir Ronald Cohen. The New York-based company was founded in 2020 by Irad Eichler and Dan Landa. The subscription platform was designed to help […]
CVS Health Inc. (NYSE: CVS) will offer mental health and other primary care services through a new single platform — CVS Health Virtual Primary Care. The Woonsocket, Rhode Island-based health care conglomerate will make the platform available to eligible Aetna members starting Jan. 1, 2023, and for eligible CVS Caremark members during the second quarter […]
Talkspace Inc. (Nasdaq: TALK) and Mindpath Health were reportedly in deal negotiations that are now defunct. As reported by Axios Pro, Mindpath Health, a Sacramento, California-based outpatient mental health clinic operator, approached the New York City-based virtual-only behavioral health provider with a takeover bid. No deal materialized. A representative of Talkspace declined to comment on […]
Not everyone with alcohol use disorder can or wants to swear off alcohol altogether. Oar Health understand this as part of its business model. The New York City-based digital addiction treatment company seeks to differentiate itself from a crowded digital mental health space by accommodating people with alcohol use disorder (AUD) who want to become […]
New York City-based Parallel Learning secured a $20 million Series A funding round to expand its platform for students with learning difficulties nationwide. Founded by CEO Diana Heldfond, the company aims to use the investment to expand from operating in six U.S. states to 18 or 23 by the end of 2022 — and all […]
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