New York-based Caraway announced that it has acquired Sesh, a digital group therapy platform, allowing the Gen Z women’s health-focused company to integrate group support and therapy into its offerings. The deal closed earlier this month and will provide another modality of mental health care to Caraway’s portfolio, Caraway CEO and co-founder Lori Evans Bernstein […]
The digital health investment environment is at a multiyear low. But the behavioral health industry represents a bright spot during a time when venture capital investment in digital health companies has hit near famine status. In the second quarter of 2023, total venture capital investments for digital health companies totaled $900 million across 73 deals. […]
Boston-based digital therapeutics company Akili Inc. (Nasdaq: AKLI) will lay off 40% of its staff as it shifts away from its legacy prescription digital therapeutic strategy. The company has long contended that its FDA-cleared digital therapeutic could and should be covered under health plans because of the physicians’ role in doling out access to its […]
Several behavioral health executives shared their thoughts on the Drug Enforcement Administration’s (DEA) proposed rules for controlled substances and telehealth on Tuesday, with most going to bat for virtual-prescribing practices in front of agency officials. Tuesday brought the first of two listening sessions to discuss what potential post-COVID regulations for telehealth prescribing could and should […]
Aware Recovery Care CEO Brian Holzer is focused on quality over quantity. Under his direction, the in-home addiction recovery provider has prioritized increasing its density of services instead of expanding its footprint. Aware’s in-home addiction care model, now offered in 11 states, is unusual in a landscape of in-center or virtual offerings. The Wallingford, Connecticut-based […]
Now that behavioral health staffing has stabilized, Universal Health Services (NYSE: UHS) is focusing on its expansion efforts. And in the not-too-distant future, those efforts could include more medication-assisted treatment (MAT) services for addiction care. UHS has offered substance use disorder (SUD) treatment for years. But Steve Filton, the company’s CFO and executive vice president, […]
A new mental health company named Guidelight Health has landed $16.35 million in funding, according to an SEC filing. The startup offers partial hospitalization (PHP) and intensive outpatient programs (IOPs) to adolescents and adults. Patients can access these programs either in-person or virtually. PHPs and IOPs provide an intermediate care alternative to traditional inpatient and […]
Array Behavioral Care’s New CEO, Shannon Werb, has ambitious plans to streamline the patient experience by offering a unified continuum of virtual care services. The behavioral health tech company recently announced a C-suite shakeup not only naming a freshly minted CEO, but also a new chief medical officer and chief financial officer. This comes as […]
An Indiana administrative law judge has ruled against Nashville, Tennessee-based Landmark Recovery’s initial appeal to reopen three shuttered addiction treatment facilities. The development is a serious setback for a once-promising business that faces several critical struggles. The regulatory actions by the Indiana Department of Mental Health and Addiction (DMHA) were prompted by three sudden patient […]
Nearly half of all individuals in outpatient mental health care said they do not get care in their preferred setting, according to new survey data. The survey report highlights the various trade-offs and downsides of the rise of telehealth in outpatient mental health. About 45% of respondents said their mental health clinician did not consider […]
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