Substance use disorder (SUD) continues to take a deadly toll, as new data shows a double-digit increase in the number of overdose deaths nationwide. According to provisional counts from the Centers for Disease Control and Prevention (CDC), a record 87,203 Americans died from drug overdoses in the 12-month period ending September 2020. The number was […]
Category: Psychiatric Care
SPG acquires Child Counseling & Behavior Therapy Clinic SPG, an autism services provider that’s a portfolio company of the private equity firm Ridgemont Equity Partners, has acquired Child Counseling & Behavior Therapy Clinic, an applied behavior analysis (ABA) company based in Southern California. Financial terms of the deal were not disclosed. Headquartered in Walnut Creek, […]
Many behavioral health providers are excited about the prospect of leveraging value-based care in order to be paid more for the high-quality outcomes they deliver. But there is no one universal strategy for how such care should be delivered or tracked, as behavioral health lacks many of the empirical measures used in physical health care. […]
Meru Health — a comprehensive mental health solution that’s won partnerships with some of the nation’s largest insurers — has its sights set on national expansion, new partnerships and additional offerings. Meru works with employers and major health insurance companies such as Cigna, Humana and, most recently, Moda Health to provide mental health care for […]
Meadows hires executive director of virtual outpatient Phoenix-based Meadows Behavioral Healthcare has hired Mark Baumgartner as its executive director of virtual outpatient services. Before coming to Meadows, Baumgartner spent most of his career at the Betty Ford Center, which is part of the Hazelden Betty Ford Foundation. He worked there almost two decades, serving his […]
The new behavioral health pilot from CVS Health (NYSE: CVS) focused on collaborative care is indicative of where the pharmacy giant is headed in the future, according to Cara McNulty, president of behavioral health and the Employee Assistance Program at Aetna. “You’ll continue to see us advancing our mental health efforts, right alongside with our […]
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
Outpatient mental health is currently one of the fastest growing subsectors in behavioral health — just ask private equity buyers, who are expected to fuel record levels of M&A this year. Like so many other companies in the industry, Vertava Health is leaning into outpatient. The private equity-backed behavioral health company with roots in substance […]
Behavioral health proponents often tout value-based care as an efficient way for providers to deliver better services, giving them the chance to be paid based on the quality outcomes they produce for patients rather than the historically low fee-for-services reimbursement rates they typically receive. The payment model has picked up steam in recent years, as […]
The Biden Administration is requesting Congressional approval for an unprecedented level of funding to help tackle the nation’s opioid crisis. The request comes as part of the president’s new discretionary budget proposal, which also includes other forms of mental health funding. As part of the nearly $132 billion proposal for fiscal year (FY) 2022, the […]