Pipeline: Monte Nido, Pinnacle Expand; New Psychiatry Practice in North Carolina

Monte Nido & Affiliates deepens New York footprint  Monte Nido & Affiliates has opened a new residential eating disorder treatment program near Rochester, New York. Monte Nido Western New York officially opened July 2. The residential program serves adults of all genders with anorexia nervosa, bulimia nervosa, binge eating disorder and exercise dependency, as well […]

84% of Americans Want to Continue Getting Mental Health Care Via Telehealth Post-Pandemic

Social distancing measures enacted during the pandemic moved many mental health services online, with a new survey showing that a majority of patients want it to remain that way. The survey was conducted by market research company Propeller Insights on behalf of DrFirst, a health care technology and consulting company. It builds upon another survey […]

Transactions: BrightView Acquires Aspire; BayMark, Windrose Buy Into New Geographies

BrightView buys Aspire BrightView Health has struck a deal to acquire Aspire, a substance use disorder (SUD) treatment provider in Chesapeake, Virginia. Financial terms of the transaction were not made public. Headquartered in Cincinnati, BrightView operates 39 SUD treatment clinics across Virginia, Ohio, Kentucky and Delaware. The comprehensive addiction treatment provider accepts Medicaid, Medicare and […]

An Amazon Alum, Spring Health’s New CTO Sets Out to Remove the Guesswork From Behavioral Health Treatment

Just a couple months after rolling out a new value-based care model, Spring Health has also created and filled a new chief technology officer (CTO) position. The behavioral health benefits company tapped Amazon Web Services (AWS) alum Harshit Shah to step into the role in June. With 20 years of software engineering experience, most recently […]

Hims & Hers Continues to Build Out Behavioral Continuum with New Individual Therapy Offering

Hims & Hers Health (NYSE: HIMS) — a direct-to-consumer telemedicine company — is launching an individual, video-based therapy offering. The new service will complement the platform’s existing mental health portfolio, which includes online psychiatric services, free anonymous support group sessions and a 24/7 phone-based crisis line. The addition fits into the company’s goal to make […]

Pipeline: JV Developments for UHS, Acadia; Spero Health, BrightView Expand

UHS names new behavioral health hospital Beaumont Health and Universal Health Services (NYSE: UHS) have officially announced the name of their new joint venture (JV) behavioral health hospital. Named Beaumont Behavioral Health, the new facility will open in Southfield, Michigan in the fall. The $40 million, 144-bed hospital will be located across the street from […]

Optum Coverage Changes Leave Residential Treatment Providers With More Questions Than Answers

Optum has changed the way it covers out-of-network benefits for certain members in California, leaving many residential behavioral health providers unsure where they stand and what the changes means for future payments, Behavioral Health Business has learned. Part of the multinational managed healthcare and insurance company UnitedHealth Group, Optum detailed the policy changes in a […]

Comprehensive Autism Company Cortica Nets $60M in Series C Funding

Cortica, a technology-enabled autism treatment provider, has raised $60 million in an oversubscribed Series C funding round, the company announced Tuesday. Longitude Capital led the round, with additional participation from new and existing investors such as Questa Capital, Aperture Venture Partners, 406 Ventures and Adam Boehler, who is the CEO of health care investment firm […]