How CityBlock, Wayspring and Innovive Leverage Non-Clinical Teams to Treat Serious Mental Illness

Value-based care can enable personal relationships between behavioral health patients and providers in ways that fee-for-service models simply can’t. These relationships can be essential for supporting people with comorbidities in their journeys to live healthier lives. One way to build such relationships is by caring for patients in their home and the community, while integrating […]

The 10 Psychiatric Hospitals With the Highest Revenue in 2022

The top revenue-generating psychiatric hospitals have seen revenue increase over the last three years, reflecting a growing need and opportunity for intensive behavioral health services. According to Definitive Healthcare Corp.’s (Nasdaq: DH) proprietary data, the 11 highest revenue-generating psychiatric hospitals have seen an 18.5% increase, on average, in annual net patient revenue (NPR).  Cumulatively, these […]

ARC Health Continues M&A Blitz With Wellington Counseling Group Acquisition

Private equity-backed ARC Health has acquired Chicago-based Wellington Counseling Group. ARC Health announced the deal Monday, adding two multi-specialty psychotherapy locations and a to-be-opened location to the burgeoning company’s footprint. “The choice to partner with ARC Health came down to their ability to bring scale to a profession and industry with increasingly tighter margins, year […]

How Value-Based Care Could Transform Serious Mental Illness Treatment

It’s no secret that patients with serious mental illnesses (SMIs) are costly to care for and have significantly worse outcomes than their peers. But value-based care models could enable providers to get creative in caring for these patients, leading to better outcomes and lower costs. Specifically, the value-focused model could allow providers to use wrap-around […]

LifeStance Pulling Back on M&A, Ready to Put Hybrid Model to Work Post-PHE

LifeStance (Nasdaq: LFST) is pulling back from its expansion efforts as it refocuses its goal on long-term profitability. The sizable behavioral health provider plans to do this by consolidating brick-and-mortar facilities, cutting payer contracts by 25% and pulling back on its M&A strategy, instead opting for more organic growth. The company has its sights set […]

Google Ventures Invests $28M in Serious Mental Illness Company firsthand

GV, previously Google Ventures, has invested $28.1 million in serious mental illness-focused startup firsthand. New York-based firsthand is trying to forge trust with patients with serious mental illness (SMI) while boosting the population’s engagement with the health care system and community resources. According to the CDC, only 64.5% of adults with SMI received mental health […]

‘We’re Full-Steam Ahead’: Digital Mental Health Pioneer Array Plans Next Move After $25M Raise

Despite the economic uncertainties hitting digital health, it’s been full-steam ahead for telepsychiatry provider Array Behavioral Health. The New Jersey-based provider kicked off 2023 with a $25 million funding round led by CVS Health Ventures. It then announced a new deal with US Acute Care Solutions focused on reducing the wait time for patients with […]

Lifepoint Health Buys Behavioral Health Facility from Cornerstone Healthcare Group

The Brentwood, Tennessee-based health care system Lifepoint Health has acquired Cornerstone Behavioral Health El Dorado. The terms of the deal to acquire the Tucson, Arizona-based facility were not disclosed. Lifepoint Health has yet to respond to additional questions. Cornerstone Behavioral Health El Dorado encompasses 54 beds and employs about 100 people. Lifepoint Health will add […]

firsthand Looking to Transform SMI Care by ‘Knocking On Doors’ of Unengaged Patients

Reaching patients with serious mental illness (SMI) has traditionally been a challenge for the medical community. In fact, only 64.5% of patients with SMI received mental health treatment in the past year, according to the National Institute of Mental Health (NIMH). One of the biggest hurdles for the medical community at large is gaining the […]