After reorganizing its health division, Google has made a new hire with the addition of Megan Jones Bell as its clinical director of consumer and mental health. The tech giant made the announcement in a press release Tuesday, with Bell assuming her new role this week. Bell arrives at Google from Headspace Health, where she […]
Category: Psychiatric Care
UnitedHealthcare Group (NYSE: UNH) is rolling out a new health plan for members that allows them to receive various services — including behavioral health care — both virtually and in-person. NavigateNOW is a 24/7 service offered to employers in nine markets, in which members are given access to a care team provided by Optum, which […]
The gradual move in behavioral health toward value-based care has shone a bright light on patient outcomes. With government and commercial insurers pivoting away from the traditional fee-for-service payment model, a number of providers are also embracing the arrangement. As some behavioral health executives tell it, value-based care is an effective way to keep many […]
Workit Health, a digital provider of substance use disorder (SUD) treatment, has raised $118 million in Series C funding. The Ann Arbor, Michigan-based company announced Thursday the results of the round, which was led by Insight Partners. Additional participants in the round included CVS Health Ventures, FirstMark Capital, BCBS Venture Fund and 3L Capital. Founded […]
When it comes to behavioral health, Ohio has garnered much attention due to substance addiction plaguing wide swaths of the state. But outside of substance use disorders (SUDs), there are many Buckeye State residents needing behavioral health assistance for very different reasons, such as for autism and other conditions related to intellectual and developmental disabilities […]
To say Shawn Coughlin has a lot on his mind these days is putting it mildly. Throughout the pandemic, behavioral health conditions nationwide have worsened and substance use disorder (SUD) overdose rates have continually broken records. Although the numbers paint a bleak picture, Coughlin — who heads one of the behavioral health industry’s leading groups […]
Former executives of the South Bay Mental Health Center (SBMHC), headquartered in Massachusetts, and their private equity (PE) backers have settled a Medicaid fraud suit filed in 2018 by the Massachusetts Attorney General (AG) for a record $25 million. To date, this is the largest publicly disclosed government health care fraud settlement involving PE oversight […]
Less than two months after announcing the deal, Ginger and Headspace have now officially merged to create a company valued at more than $3 billion. The newly-combined Headspace Health brings together Ginger’s therapy, counseling and coaching services with Headspace’s mindfulness and meditation offerings. The company will serve more than 100 million customers and over 2,700 […]
Mergers and acquisitions (M&A) among behavioral health providers dipped a bit in the third quarter (Q3), but the sector is still poised to close out 2021 on a high note. Across the behavioral health care spectrum, 25 transactions occurred in Q3 2021, according to a report released by M&A advisory firm Mertz Taggart. The number […]
Two Ohio-based addiction treatment providers have officially joined forces, as Sunrise Treatment Center has completed its purchase of Port 45 Recovery. Terms of the deal, which was finalized effective September 22, were not disclosed. “Sunrise is grounded in two guiding principles: providing high-quality, comprehensive addiction treatment services to its patients, and implementing best practices to […]
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