Blue Cross Blue Shield of Arizona Launches Integrated Care Company ‘Prosano,’ Makes Behavioral Health a Top Priority

Blue Cross Blue Shield of Arizona (BCBSAZ) has launched Prosano Health Solutions, a new integrated care company that will include behavioral health services. This marks the organization’s first move into the “payvider” space. The platform is based on a comprehensive care model and allows members to access primary care teams, behavioral health practitioners, lab services, […]

‘We Don’t Have Enough of an Infrastructure’: Psychiatric Hospitals Buckling Under Historic Pressure

Psychiatric hospitals are buckling under decades of financial pressure that increased following the onset of the pandemic. Discriminatory regulations, challenging payer relations and inflation have placed several psychiatric hospitals in untenable positions. A spate of facility closures in 2023 demonstrates that the pressure is proving too much. Industry insiders say that systemic changes can’t come […]

Autism Therapy Companies to Watch in 2023

Industry insiders projected that 2023 would be a year of reckoning for autism treatment providers.  The reckoning is here. Major platform companies have made significant stumbles, and workforce challenges still plague the industry. All the while, payers continue to hold out on raising reimbursement rates for most autism therapies. Instead, payers eye value-based care arrangements. […]

Virtual Mental Health Provider Headspace Health Lays Off 180 Employees

Digital behavioral health unicorn Headspace Health has laid off another 180 employees, according to numerous reports and social media posts. The latest round of layoffs impacts 15% of the total company, the Los Angeles Times reported. This news comes six months after the San Francisco-based company announced cutting 50 positions, or about 4% of its […]

61% of Addiction Treatment Patients Present with Polysubstance

New data demonstrates that fentanyl has complicated addiction treatment in the U.S. by increasing the prevalence of polysubstance use in patients seeking treatment. The data — from the Kennewick, Washington-based medication-assisted treatment (MAT) provider Ideal Option — show that as many as 61% may need treatment for at least two different substances.  “Polysubstance use disorder […]

Autism Behavioral Institute Lands ‘Significant Investment’ From Decathlon Capital Partners

Applied behavioral analysis provider Autism Behavioral Institute (ABI) has landed revenue-based funding from Decathlon Capital Partners. The terms of the deal were not disclosed, but the provider characterized it as a “significant investment.”  The new capital is expected to help ABI expand into new markets and support adding new payer partners. The Charlotte, North Carolina-based […]

Caron Treatment Centers Bridges Addiction Treatment Gaps with New PHP Investment

Substance use disorder provider Caron Treatment Centers is looking to offer more step-down services for its patients by adding a new partial hospitalization program (PHP) to its flagship campus. Founded 65 years ago, the Wernersville, Pennsylvania-based organization cares for patients with substance use disorders. It operates in Pennsylvania, Florida, Washington D.C., Georgia and New York. […]

Author Health Raises $115M for Senior-Focused Mental Health

Author Health, a hybrid mental health startup helmed by ex-Optum leader Katherine Hobbs Knutson, landed a $115 million debut funding round. The new company focuses on providing virtual and in-office mental health services to seniors with Medicare Advantage plans. It launched in 2022 and started seeing patients in January 2023, Knutson, CEO of the company, […]

Trauma-Focused Provider Stella Buys US Assets of Ketamine Company Field Trip

Chicago-based mental health care provider Stella has acquired the majority of ketamine-assisted therapy provider Field Trip Health & Wellness Ltd’s U.S. assets. The deal gives Stella a new line of business which its CEO says complements its existing offerings. Plus, the combined Stella-Field Trip assets will generate higher revenue and lower overhead than Field Trip […]

Sevita Names UnitedHealth Group Veteran Philip Kaufman to CEO Role

Sevita – one of the largest providers of community-based and in-home care services for people with intellectual and developmental disabilities (I/DD) in the nation – has named a new CEO. The company, formerly branded as The Mentor Network, announced Philip Kaufman’s appointment to the top executive position on Monday. A long-time UnitedHealth Group (NYSE: UNH) […]