The evolution of the behavioral health industry has been spurred on not just by more people wanting care, but the advancement of technologies to better enable access to services. This is happening as health care moves toward a value-based payment system, which many in the industry feel can be aided by the adoption of new […]
Talkspace Inc. revealed that it’s in recovery mode following poor financial performance in the third quarter and the announcement that its co-founders and CEO are no longer leading the company. On Monday, the company said in press releases and through its earnings conference call with management that Co-founders Oren and Roni Frank decided to leave […]
Two Canadian behavioral health providers are now under one roof, as CloudMD Software Services Inc. has entered into an agreement to purchase MindBeacon Holdings Inc. for $116 million in cash and stock. The deal was jointly announced by both companies on Monday. Based in Vancouver, CloudMD is a behavioral health management and care platform that […]
The Place for Children with Autism names new chief financial officer The Place for Children with Autism, a Chicago-based provider of applied behavior therapy (ABA), has named Kristin Schultz as its chief financial officer. Schultz arrives at The Place from R1 RCM, where she was the senior director of corporate accounting for the Utah-based health […]
For Russ Glass, CEO of the newly formed Headspace Health, scaling up the business he leads comes with a strategic and moral imperative — the question now is how and where Headspace Health should make its moves. Glass formerly led San Francisco-based on-demand virtual behavioral health Ginger.io Inc. which merged with Santa Monica, California-based Headspace […]
The trend to value-based care in the behavioral health market continues to evolve. In late September, Wayspring announced it raised $75 million to target individuals struggling with substance use disorder (SUD). The market is ripe for innovation, as more than $90 billion is spent annually on the SUD population by Medicaid and Medicare Advantage managed […]
Workit Health, a digital provider of substance use disorder (SUD) treatment, has raised $118 million in Series C funding. The Ann Arbor, Michigan-based company announced Thursday the results of the round, which was led by Insight Partners. Additional participants in the round included CVS Health Ventures, FirstMark Capital, BCBS Venture Fund and 3L Capital. Founded […]
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