MiraCare Group filed for bankruptcy protection after its fledgling psychiatric hospital project collapsed in the south suburban Chicagoland area. The development is representative of the challenges that psychiatric hospitals face. Despite desperate demand for these services, they are increasingly less viable enterprises, leading to disinvestment in many instances. The company, based in Palos Heights, Illinois, […]
Youth behavioral health residential treatment facilities could face more scrutiny following additional public pressure by a powerful federal lawmaker. On Wednesday, Senate Finance Committee Chair Ron Wyden (D-Oregon) publicly called on the U.S. Department of Justice (DOJ) to investigate four major behavioral health providers to determine if their youth residential treatment programs committed Medicaid fraud. […]
Mental health provider Resilience Lab has expanded to offer medication management and treat severe mental illness by acquiring AI-enabled psychiatry provider Options MD. The acquisition will improve Resilience Lab’s ability to negotiate with payers and bring the provider closer to its “North Star” of providing fully integrative care. “We always wanted to extend our reach […]
Mental health provider Thriveworks has acquired AI-powered behavioral health company Synchronous Health. The acquisition enables Thriveworks to expand its technology base and operate enterprise relationships with large partners, the company’s top executive told Behavioral Health Business. “There were two boxes that we wanted to check,” Thriveworks CEO Dan Frogel told BHB. “[Synchronous] stands for access […]
Mindful Health Solutions has named a new CEO. The San Francisco-based outpatient mental health provider announced on social media Tuesday that Meghan Herwehe has taken the corner office. The role was previously held by John Minahan, who was named to the role in 2021. The company was founded in 2007. It’s not clear when or […]
Behavioral health providers have increasingly expanded their services, or specifically targeted, children, adolescents and young people to address these populations’ growing need for mental health treatment. New research has verified that the need for mental health services has only continued to increase. Rates of depression and anxiety have increased significantly across all demographics, according to […]
Virtual mental health provider BetterHelp has partnered with online psychiatry company Talkiatry, uniting both companies’ services for BetterHelp’s business clients. The partnership makes BetterHelp’s employer offering more valuable and provides a pipeline of patients to Talkiatry, company executives told Behavioral Health Business. “It’s always been difficult as well for employers to try and find a […]
Virtual pediatric behavioral health company Brightline has transformed its go-to-market strategy. The shift involves shutting down the company’s operations in 45 states, nixing its enterprise commercial functions and planning to create hybrid care models in five states. The change was also accompanied by significant layoffs announced on Tuesday. “It’s been a hard week for Brightline,” […]
Digital mental health provider Talkspace Inc. (Nasdaq: TALK) is now selling its services on Amazon. Specifically, Talkspace will be offered through Amazon Health Services’ Health Conditions Programs. These programs are meant to help consumers get access to insurance-covered services that they might not otherwise be able to access. Talkspace is the first virtual behavioral health […]
A company that uses a digital platform to connect prospective patients with talk therapists announced an expansion Tuesday into all 50 states and Washington, D.C. Los Angeles-based Rula Health said that it is expanding its therapist matchmaking services across the U.S. as the company vies to “allow patients to choose the provider that best suits […]
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