Pediatric behavioral health provider InStride Health has raised $30 million in Series B funding. General Catalyst led the round with participation from .406 Ventures, Valtruis, Mass General Brigham Ventures and Hopelab Foundation. This new funding round brings the company’s total raise to $56 million and comes roughly a year and a half after the company […]
Virtual pediatric behavioral health care company Fort Health will soon integrate with more than 450 primary care providers in New Jersey and Pennsylvania. Fort partnered with Advocare, a provider group practice with 750 providers based in New Jersey, to address difficulties associated with a severe shortage of practicing child and adolescent psychiatrists. The company developed […]
Virtual mental health company Brightside Health has landed $33 million in Series C funding. Venture firm S32 led the new round of funding, which included participation from Kennedy Lewis, Time BioVentures, Redwood Pacific, ACME, Mousse Partners, and Triventures. This comes roughly two years after Brightside Health closed a $50 million Series B funding round led […]
Value-based contracts that involve autism therapy providers taking on risk can be “wildly beneficial.” The contracting process, however, has its challenges. To ease the complicated process, payers may benefit from creating a value-based “skeleton,” or framework for value-based agreements with payers. Industry insiders stress the importance of providers approaching value-based negotiations with a collaborative mindset. […]
Over the past 15 years, research has demonstrated the importance of physical spaces and their impact on people’s moods and ability to work, heal, or learn. Substance use disorder (SUD) facility designers are increasingly turning to “evidence-based design” to support patients better. While evidence-based behavioral health care has been in vogue for decades, evidence-based approaches […]
Substance use disorder provider Landmark Recovery is facing a lawsuit over an employee settlement agreement that includes sexual harassment allegations involving owner and chairman, Cliff Boyle. The lawsuit was originally filed in state court in Tennessee on Jan. 22, 2024, and was transferred to a federal court on Feb. 20, 2024. The plaintiff, former Chief […]
Burgeoning outpatient mental health digital platform Grow Therapy has partnered with digital therapeutics producer Big Health. The deal aims to drive more patients to Big Health’s suite of mental health-focused digital therapeutics. Additionally, Grow Therapy providers and patients can access high-tech tools that support patients between therapy sessions. “This partnership massively further allows us to […]
The Biden-Harris administration’s proposed budget for 2025 includes substantial funding to support access to substance use disorder (SUD) treatment and prevention. The proposed budget aims to build upon these efforts by allocating $21.8 billion to combat the surge in overdose deaths nationwide. The budget allocates substantial resources specifically to combat the opioid overdose crisis, building […]
Behavioral health provider Quartet has launched a new program in partnership with Medicare plan Clover Health (Nasdaq: CLOV) focused on serving patients with serious mental illness (SMI). As part of the partnership, Quartet will work with Clover’s Home Care division to provide services to members in Clover’s high-need cohorts. Specifically, Quartet will roll out its […]
Virtual opioid use disorder (OUD) provider Bicycle Health has laid off 15% of its workforce. The Boston-based company didn’t elaborate on the impetus for the move or which departments were impacted. Rather, a representative told Behavioral Health that the layoffs realigned resources to “direct patient care.” “We remain laser-focused on providing consistent and high-quality care […]
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