Virtual behavioral health provider Brightside Health has expanded into addiction treatment by acquiring Lionrock Recovery. The move expands San Francisco-based Brightside Health into virtual addiction treatment. Specifically, the acquisition adds a virtual intensive outpatient program (IOP) to Brightside’s fleet of services. The terms of the deal were not disclosed. It also addresses a significant overlap […]
The board of Teladoc Health Inc. (NYSE: TDOC) has named Charles “Chuck” Divita III as its new CEO, effective immediately. He will also serve on the telehealth company’s board of directors. Divita succeeds longtime CEO Jason Gorevic as the company tries to reverse a years-long skid in share prices and losses and reposition its virtual […]
Collaborative care has gained significant traction in the behavioral health industry since its inception in the early 2000s. The care model, which integrates physical and behavioral health care services, is set to become the gold standard, according to Dr. Ujjwal Ramtekkar, chief medical officer of LifeStance Health. LifeStance is increasingly implementing collaborative care across its […]
Racial and ethnic minority groups are 20% to 50% less likely to initiate mental health services and are 40% to 80% more likely to drop out of treatment prematurely. Some behavioral health providers are seeking to improve these statistics by catering their services specifically to people of color, marginalized individuals and Medicare and Medicaid beneficiaries. […]
Venture capital firms have poured billions of dollars into the behavioral health sector over the last five years or so — and it remains a top investment target. However, investors are shifting their focus, seeking out business models with proven track records and taking calculated risks on innovative approaches. The venture capital approach contrasts with […]
Digital mental health startup Seven Starling has raised $12.6 million in funding and is seeking an additional $1.7 million to complete the round, according to an SEC filing. New York City-based Seven Starling provides virtual mental health services to women on the parenthood journey. Its offerings include therapy, peer support and medication as needed. The […]
Digital substance use disorder (SUD) provider Boulder Care has raised $35 million in a Series C round, bringing the company’s total raise to roughly $85 million. Boulder plans to use the funds to deepen its presence in existing markets, expand into new markets, build out its clinical team and continue fostering partnerships, Boulder CEO Stephanie […]
After months of teasing the expansion, virtual mental health giant Talkspace (Nasdaq: TALK) has entered the Medicare market. Talkspace’s services will now be available to 13 million members in 11 states, including California, Florida, New York, Ohio, New Jersey, Virginia, Missouri, Maryland, South Carolina, New Mexico and Idaho. However, the virtual care company has plans […]
Pediatric mental health provider Backpack Health, formerly Youme Healthcare, has landed $14 million in Series A funding. Backpack’s services include a digital self-care app, virtual therapy sessions for children and teens, psychiatry and medication management and virtual resources for parents. The provider has developed an app that uses artificial intelligence to help monitor a client’s […]
Talkspace Inc. (Nasdaq: TALK) continues to thin its financial losses as it grows its payer- and government-focused business lines. The once direct-to-consumer, texting-based digital therapy company continues to move closer to profitability. On an adjusted basis, earnings totaled about $774,000. This is the first profitable quarter since the company’s IPO in 2021. Its net loss, […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
