BetterHelp continues to be a high-upside but challenging segment for Teladoc Health (NYSE: TDOC). Despite momentum, the business has continued to contribute to waning profitability and financial shortcomings after a decade post-acquisition. Teladoc, which is one of the largest virtual health providers in the nation, purchased BetterHelp in 2015. At first, it was a promising […]
a16z-backed Slingshot AI has launched a new AI-backed mental health therapy tool dubbed Ash. This announcement comes as the New York City-based company has closed an extension of its Series A funding round, led by Radical Ventures and Forerunner Ventures, bringing its total raise to $93 million. The company is led by Neil Parikh, co-founder […]
Substance use disorders (SUDs) are commonly underdiagnosed in primary care settings, but enhanced technology could help. New research shows that physicians’ use of an electronic health record (EHR)–integrated clinical decision support system increases treatment of opioid use disorder (OUD). Primary care clinics across four states and three different health systems randomly received the EHR tool […]
Lyra Health, a national provider of mental health benefits for employers, has acquired Bend Health with the goal of strengthening its pediatric and neurodiversity capabilities. Lyra’s acquisition of Madison, Wisconsin-based Bend Health was completed July 16. Exact terms of the deal were not disclosed in the press release. The move enables Lyra to utilize Bend […]
Virtual health provider Teladoc (NYSE: TDOC) has announced a new employee assistance program (EAP) called Wellbound, which will focus on workforce mental health and well-being. While Teladoc has long offered behavioral health services, its mental health efforts have primarily focused on its direct-to-consumer BetterHelp offering. This move signals Teladoc’s continued expansion of its behavioral health […]
This is an exclusive BHB+ story The days of Post-Traumatic Stress Disorder (PTSD) being affiliated primarily with veterans are long gone. More Americans – particularly college-age individuals – are receiving the diagnosis, driving up demand for services. Though providers have seen an increase in PTSD diagnoses across all patient populations. “Even though we have traditionally […]
Eyeing a possible IPO in 2028, Sword Health is centering its newly launched behavioral health service as a key growth lever. The company may soon explore partnerships and acquisitions to create an offering that targets serious mental illnesses (SMI). Nearly 1 in 20 adults across the U.S. – 5.5% of the population – are diagnosed […]
As part of its new $40 million capital infusion, New York City-based digital health provider Sword Health has announced the company’s first foray into the mental health space. The company is now valued at $4 billion – a valuation that has jumped by $1 billion from last June. Until now, Sword Health has primarily offered […]
Virtual mental health provider Headspace is launching direct-to-consumer therapy. This is a first for the provider, which has traditionally offered its therapy programs through the employer market. Direct-to-consumer clients will be able to use their insurance coverage for therapy. This isn’t the company’s first foray into the D2C space; the provider offers a consumer subscription […]
Brooklyn, New York-based Valera Health has acquired the digital suicide prevention startup Vita Health. The deal expands Valera Health’s presence in digital psychiatry. The move’s most important result is improving clinical capacity at the company, further allowing it to care for even the most acute patients who can be treated as outpatients. This, in turn, […]
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