Headway — a software company that aims to make therapy more affordable and accessible — has raised $70 million in Series B funding. Andreessen Horowitz led the round, with additional participation from existing investors Thrive Capital, GV and Accel. The latest financing, which comes just about six months after the startup announced $26 million in […]
Category: Psychiatric Care
Whether it is for recurring issues like substance use disorder (SUD) and depression or for new problems related to the pandemic and civil unrest, more Americans are seeking behavioral health help. And more providers are rising to the challenge of delivering services, with some of them going above and beyond to personalize the experience for […]
Hurdle fills VP, C-suite positions Digital mental health provider Hurdle has hired Krystle Herbert as its vice president of clinical affairs. In the role, Herbert will be responsible for overseeing and supporting clinical operations, clinical policy development and compliance, as well as clinical quality care and organizational scaling efforts. Herbert was most recently the COO […]
On its fourth quarter and year-end 2020 earnings call in February, Acadia Healthcare (NASDAQ: ACHC) talked optimistically about its four-pronged future growth plan, largely fueled by the divestiture of its United Kingdom operations. Flash forward to the present, and the behavioral health care giant’s plans are already bearing fruit on its bottom line. In Q1 […]
The on-demand, virtual behavioral health care provider Ginger has reached an agreement with Cigna to bring its full platform to the insurer’s behavioral health customers nationwide. Ginger announced the news Thursday. The agreement covers 14 million Cigna customers who have employer-sponsored or individual and family insurance plans (IFP). Under the partnership, those beneficiaries will be […]
As demand for behavioral health care is growing, so too is investor interest in the space. That’s especially true on the private equity (PE) front. In fact, behavioral health dealmakers predict PE buyers will help fuel record levels of M&A in 2021. Among those active PE players is Council Capital. Headquartered in Nashville, Tennessee, Council […]
Acadia Healthcare (Nasdaq: ACHC) recently launched a new suicide prevention pilot targeted at outpatient opioid use disorder (OUD) patients. While the program is currently only being tested in 15 of the provider’s 135 comprehensive treatment centers (CTC), Chief Medical Officer Michael Genovese said the program is indicative of the behavioral health giant’s larger-scale priorities. “All […]
MD Ally — a telehealth company focused on mental health and 911 dispatches — has raised $3.5 million in seed funding. The round was led by General Catalyst with participation from Seae Ventures. It brings the startup’s total funding raised to $4.5 million, according to a press release announcing the news. Founded in 2018, MD […]
Months after nixing a last-minute waiver issued by the outgoing Trump Administration to relax rules around treating opioid use disorder (OUD), the Biden Administration has announced new medication-assisted treatment (MAT) flexibilities of its own. The guidelines, which were issued Tuesday by the Department of Health and Human Services (HHS), automatically allow various clinicians to administer […]
As Universal Health Services (NYSE: UHS) continues to recover from the coronavirus, industry-wide behavioral health workforce shortages are standing in the way. “Shortage of appropriate clinical and, in some cases, non-clinical personnel are probably the single biggest obstacle and headwind to getting back to pre-pandemic volumes [on the behavioral side],” CFO Steve Filton said Tuesday […]
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