More allegations of abuse and misconduct at an Acadia Healthcare (Nasdaq: ACHC) facility have surfaced in an investigation by The New York Times, which reports alleged instances of patient suicide and rape. The latest report comes just two months after Acadia Healthcare, one of the nation’s largest behavioral health providers, shuttered its troubled Timberline Knolls […]
Behavioral health service provider Amae Health and Boston-based legacy teaching hospital Massachusetts General Hospital (MGH) have partnered to form the Amae Institute — a professional education hub for care providers focusing on a new approach to serious mental illness (SMI) care. A clinical educator team with experts from MGH will work with Amae Health providers to […]
Universal Health Service (NYSE: UHS) has reported strong annual financial performance – as well as concern regarding potential Medicaid budget cuts. Medicaid changes have negatively impacted UHS’s behavioral health arm before. In 2024, the provider attributed low behavioral health patient days, in part, to Medicaid redeterminations. “We acknowledge that the current political environment has created […]
Virtual primary care provider LifeMD (Nasdaq: LFMD) has branched into the behavioral health industry and tapped a behavioral health executive with decades of experience to lead the expansion. New York City-based LifeMD announced Monday that it launched teletherapy, psychiatry and medication management services. It named Julian Cohen its senior vice president of behavioral health and […]
The proportion of psychiatrists billing traditional Medicare has dropped by nearly 17% since 2014. New research published in JAMA found that the nationwide proportion of psychiatrists billing Medicare Part B declined from 44% in 2014 to 33% in 2022. Despite the decline in psychiatrist billing for Medicare, the number of active psychiatrists increased by 12.1% […]
Employers are increasingly seeking out behavioral health benefits to improve employee care and save on long-term health costs. Providers have, in turn, stepped up to expand employer offerings. These employer offerings have meaningful returns, according to new research published in JAMA Network Open. Researchers found that employers saved $190 in overall medical claims cost for […]
Not-for-profit behavioral health care provider Rogers Behavioral Health and for-profit workforce mental health provider Lyra Health have forged an alliance. The collaboration, announced Tuesday, gives Lyra access to Rogers’ health plan networks while allowing Rogers to scale its virtual services using Lyra’s national footprint. For Rogers and Lyra executives, the most important aspect of the […]
Private equity-backed behavioral health provider PAX Health has acquired Harris Psychiatry Services, a psychiatric care provider specializing in workers’ compensation. Financial terms of the deal were not disclosed. PAX Health was formed in March 2024 by merging three behavioral health companies: Behavioral Medicine Associates (BMA), Workers Compensation Psychological Network (WCPN) and Reservoir Health. The company […]
Amwell (NYSE: AMWL) has sold its virtual psychiatric business to clinician-to-clinician telehealth provider Avel eCare for $21 million. The deal allows Amwell and Avel to focus on their core operations, Avel’s CEO Doug Duskin told Behavioral Health Business. “[Amwell is] focusing on technology as their primary service,” Duskin said. “We’re more of a technology-enabled service […]
Behavioral health provider Oceans Healthcare has acquired Haven Behavioral Healthcare, adding seven new locations to its roster. Plano, Texas-backed Oceans announced on Thursday that it acquired all outstanding shares of Haven Behavioral Healthcare, bringing the provider into five new states: Arizona, Idaho, Ohio, New Mexico and Pennsylvania. “Oceans has consistently sought opportunities that would expand […]
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