Behavioral health providers are hungry for meaningful innovations in treatment modalities. A cutting-edge technique known as precision psychiatry could be an answer to fostering more timely and improved outcomes, experts told Behavioral Health Business. This practice, an application of the more general term precision medicine, requires significant data and technology investments, however, which could hamper […]
Burlingame, California-based Lyra Health has pruned its administrative and management workforce, joining a handful of behavioral health companies to do so in the waning days of 2024. Last week, the business-to-business-focused digital mental health company gave staff notice that it would lay off about 2% of its workforce. The total number of employees impacted totaled […]
Limbic, raised $14 million in March to expand into the U.S. market. Now it has done so. The London-based mental health artificial intelligence (AI) company has clinched a partnership with the nonprofit behavioral health system Rogers Behavioral Health. Through the deal, Rogers Behavioral Health is changing its “front door” intake system from primarily phone-based to […]
Outpatient substance use disorder (SUD) provider Crossroads Treatment Centers has appointed a new president and chief operating officer. Nick Sulaiman, who has served in executive roles at multiple health care companies, took over the role as of Monday. “I came to Crossroads because of its powerful mission of saving the lives of those impacted by […]
Virtual pediatric behavioral health provider Fort Health is executing its partner-first, expand-after strategy, securing a round of funding while landing a new payer partnership. The New York City-based provider raised a $5.5 million round led by venture capital firms Twelve Below and Vanterra, Fort Health exclusively told Behavioral Health Business. The funds will be used […]
Access to behavioral health care continues to elude people across the country. To solve this problem, Highmark Health is taking a whole-person approach to behavioral health, Senior Vice President and Executive Medical Director of Population and Curated Health Dr. Anil Singh told Behavioral Health Business. The challenge to Highmark Health’s behavioral health strategy is the […]
LifeStance Health (Nasdaq: LFST) is overhauling its facilities with a new operating model — one that it hopes will strengthen its position ahead of what executives expect to be a rocky 2025. The outpatient mental health giant’s executives project that federal reimbursement rate cuts will challenge the company’s financial progress. LifeStance is banking on momentum […]
Previous research has consistently demonstrated that cannabis use among adolescents contributes to symptoms of psychosis, but the exact reasons have remained unclear. Researchers have now identified that external factors and self-medication likelihood play a part in increased psychotic symptoms, according to a new study published in JAMA Psychiatry. The study’s authors recommend that their findings […]
Sabra Health Care REIT (Nasdaq: SBRA) is less enthusiastic about doing deals in the behavioral health space. Leaders of the Tustin, California-based health care real estate investment trust (REIT) said they no longer see the same opportunity to diversify portions of their portfolio to behavioral health uses. The company has also identified few prospective behavioral […]
Outcomes data has been touted as both the key to value-based care and the best leverage SUD providers have in payer negotiations. A handful of providers are seeing that in reality: Some payers are becoming amenable in negotiations when outcomes data is on the table, industry insiders said at the Behavioral Health Business INVEST conference. […]
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