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 […]
Category: Psychiatric Care
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 […]
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 […]
The pandemic has worsened the nation’s overall behavioral health, underscoring industry-wide workforce shortages and access issues — as well as the dire need to fix them. “The pandemic has been a shock to the system in all sorts of ways,” David Rabinowitz, an Atlanta area senior manager for Deloitte Consulting, said. “We’re just really recognizing […]
For the most part, behavioral health lacks the objective measurement tools used in physical health care, making behavioral conditions comparatively harder to detect, track and manage. But Ellipsis Health is trying to change that. Founded in 2017 and based in San Francisco, the company uses machine-learning techniques to analyze speech in order to detect and […]
Frist Cressey Ventures — a venture capital fund co-founded by former U.S. Senate Majority Leader Bill Frist — has big plans in behavioral health. With current investments in substance use disorder (SUD) treatment and telebehavioral health, the firm is looking to dive deeper into the space and help propel a new wave of behavioral businesses […]
Talkiatry welcomes new chief technology officer The technology-driven behavioral health company Talkaitry has named Jared Camins as its chief technology officer. Camins arrives at Talkiatry from the hearing loss treatment company Lively, where he was its lead software engineer. He has also previously held tech positions with the health care companies Cityblock Health, Zocdoc and […]
Since the Stonewall Inn demonstrations of 1969 helped catalyze the LGBTQ+ rights movement, the U.S. has made many social and legal strides to treat LGBTQ+ individuals more fairly. Still, as the nation celebrates Pride Month more than 50 years later, many people continue to face stigma related to their sexual orientation, creating a unique set […]
In a move that aims in part to expand the availability of behavioral health services, LifePoint Health has entered into a definitive agreement to acquire Kindred Healthcare. Financial terms of the transaction were not released; however, LifePoint said that it will not use COVID-19 relief funds for the purchase and that it plans to provide […]
Months after Hudson Executive Investment Corporation (Nasdaq: HECCU) announced its plan to acquire the virtual behavioral health provider Talkspace, shareholders of the special purpose acquisition company (SPAC) otherwise known as HEIC have overwhelmingly voted to approve the deal. At a special shareholders meeting Thursday, 94% of votes were in approval of the merger. Affirmative votes […]
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