Peer support services are rapidly gaining mainstream acceptance thanks to recent federal initiatives, new reimbursement opportunities and the fallout from the opioid crisis. Peers have a unique ability to drive sustained patient engagement, industry insiders said at Behavioral Health Business’ VALUE conference. This makes the peer support model cost-effective for providers looking to shift away […]
Prescription digital therapeutics company Akili, Inc. (Nasdaq: AKLI) announced another workforce reduction, terminating nearly half of its remaining employees. The layoffs, which amount to 46% of Akili’s workforce, will eliminate the company’s marketing and medical affairs teams, according to publicly available documents. The restructuring, which is estimated to cost between $2.3 and $2.8 million including […]
After five years of operation, Walmart (NYSE: WMT) has decided to close its health centers and virtual care program. The retail giant determined that Walmart Health, which included a variety of behavioral health programs, did not have a “sustainable business model for us to continue.” The news could signal more considerable challenges ahead for retailers […]
Virtual mental health and addiction care provider Forge Health is expanding its oncology program to address the intersection of mental health and cancer care. Patients will be able to access behavioral health services in-person and virtually. The service is designed to meet the needs of individuals who are undergoing oncology treatment, as well as providing […]
In a significant milestone for the rapidly evolving, and at times tumultuous behavioral digital therapeutics (DTx) industry, the FDA granted 510(k) clearance to a novel therapeutic developed by Curio Digital. Curio’s eight-week prescription-only digital therapeutic treats mild to moderate postpartum depression in patients ages 22 and older in tandem with clinician-supervised outpatient care. Postpartum depression […]
Virtual care behemoth Teladoc projects that revenue from its direct-to-consumer behavioral health service, BetterHelp, will remain in the red for the first half of the year. In Q1, BetterHelp saw revenue decline by 4% and a membership decline of 11% compared to the same quarter last year. Looking into the next quarter, the company expects […]
Headspace is broadening its reach by offering its mental health coaching services, previously exclusive to its business-to-business segment, directly to individual consumers. Several digital health companies started in the direct-to-consumer space and have since focused their efforts on their B2B business. Now, Headspace is expanding in the opposite direction, taking its B2B coaching product and […]
In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! When it comes to digital health investing, it’s feast or famine for behavioral providers, driving some startups to make tough choices. In 2021, […]
Payers and employers are moving away from a strictly fee-for-service model and looking for outcomes from behavioral health providers. As the transition to outcomes-based payment gains momentum, digital health providers might be well-positioned to partner with these entities because of their data-collecting capabilities. Behavioral health providers have traditionally lagged behind physical health providers when it […]
Troubled mental health startup Cerebral Inc. must pay millions to the federal government to settle allegations involving its data privacy practices and cancellation policy. The U.S. Department of Justice and the Federal Trade Commission (FTC) released a federal complaint and proposed order detailing allegations of unlawful sharing of protected health information with third parties for […]
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