In recent years, employers have seen substance use disorder (SUD) claims increase. New York-based Spring Health is looking to address this issue by partnering with Eleanor Health. Spring launched its SUD program in 2021 and continued to expand its offerings, partly through partnerships with other SUD providers. The partnership with Eleanor is Spring’s latest effort […]
Category: Treatment Type
As part of one of the country’s largest ‘payvider’ organizations, Evernorth is positioned to help set the course for the future of integrated and measurement-based care in behavioral health. Evernorth is the health service division of large payer group Cigna (NYSE: CI). It offers a wide range of behavioral health and substance use disorder services. […]
Patient-matching platform Headway Health has announced a $125 million Series C funding round. The round, led by Spark Capital with participation from Accel, Thrive Capital and Andreessen Horowitz, brings the company’s total valuation to more than $1 billion. The New York-based company plans to use the new capital to build out its technology and tools. […]
Cortica has extended its Series D funding round by an additional $40 million. The round comes amid a downturn in investment volumes in behavioral health. Both private equity and venture capital activity in health care has slowed down immensely. But Cortica has secured a total of $115 million in its Series D round. The company […]
People with autism are four times as likely to experience depression in their life than typically-developing peers. Despite the increased risk, people with autism or other neurodiversities often face significant obstacles when seeking mental health care. Barriers like clinicians’ lack of specialty training, staffing shortages and pitfalls with payers often prevent neurodiverse people from accessing […]
Substance use disorder providers caring for underserved populations could get a new boost in funding. Opioid manufacturers, distributors and other entities involved with the opioid epidemic will pay $56 billion over the next 10 to 20 years for their role in the crisis. That’s broken into several different settlement agreements, the largest being the $26 […]
Behavioral health care visit volumes have increased by more than 20% since the pandemic. Meanwhile, primary care volumes have dipped. This is primarily driven by an increase in visit volumes for anxiety, eating disorders and substance use disorder care, according to the 2023 Trends Shaping the Health Economy report by Trilliant Health. Visit volumes for […]
The Center for Autism and Related Disorders (CARD) is now back under the leadership of its founder and former CEO. Doreen Granpeesheh and her business partner Sangam Pant acquired CARD out of bankruptcy in a deal involving a consortium made up of PE firm Audax Group and its portfolio companies. The deal — approved by […]
Youth mental health startup Cartwheel Care Inc. has landed a $20 million Series A funding round. The Cambridge, Massachusetts-based company offers pediatric digital mental health services via partnerships with school systems and boasts a no-waitlist system. “Our commitment is that we will have appointments for the family within seven to 10 days of that initial […]
BrightSpring Health Service, which provides various behavioral and physical health services, is reportedly looking to file a $1 billion initial public offering (IPO). That’s according to a new report by Bloomberg News. This comes roughly two years after the Louisville, Kentucky-based organization filed the paperwork to go public. But last November, the company revealed that […]
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