Behavioral Hospital Volumes Recovered Much Quicker Than Other Sectors in 2020, Data Shows

Inpatient admissions for behavioral health recovered from the coronavirus at a much quicker rate than for other medical services, according to a Milliman analysis of behavioral health claims from 12.5 million people.  Milliman is an international actuarial and consulting firm based in Seattle, Washington. The results of the report — shared with Behavioral Health Business […]

Happify Health Raises $73M

New York-based Happify Health, a provider of digital therapeutics and virtual care services for mental health issues and other chronic conditions, has raised $73 million in Series D funding. The round, which the company announced Wednesday, was led by Deerfield Management Company, along with participation from Omega Capital Partners, ION Crossover Partners and existing investors. […]

Anthem Behavioral Exec: We’ll Have ‘Very Few’ Fee-For-Service Heavy Providers by 2026

Despite the long-term cost savings and improved outcomes associated with behavioral health care, providers in the space are typically rewarded with meager fee-for-service reimbursement rates. As such, many behavioral health organizations struggle with slim margins, making it hard for them to offer all the services that are beneficial for patients. But in the next few […]

CVS Focuses on Mental Health, Pilots New Social Worker Model

Leaders at CVS Health (NYSE: CVS) are keeping their eyes on behavioral in 2021 and beyond.   In its recently released annual Health Trends Report, the health care giant identified the ongoing mental health crisis as a factor likely to define the health care industry overall in 2021. The prediction comes as the coronavirus has worsened […]

Disconnect Between CEOs, Workers Could Create Employee Behavioral Benefit Opportunities

An overwhelming number of CEOs say they are doing enough to provide mental health help to their employees. But many workers feel otherwise, according to newly released data from the virtual behavioral health provider Ginger. The data comes from Ginger’s 2021 Workforce Attitudes Toward Mental Health Report, which includes feedback from 1,229 full-time US workers […]

Telehealth Pioneer Array Behavioral Care Targets 30% Growth in 2021

Telebehavioral health services have become vital amid the pandemic, with social distancing recommendations prompting behavioral health providers to take things virtual. However, telebehavioral health has been a focal point for Array Behavioral Care for more than two decades. Founded in 1999, Mt. Laurel, New Jersey-based Array partners with health care providers and payers to deliver […]

Movers & Shakers: LifeStance Fills New C-Suite Role; Ashley Addiction Treatment Hires VP of Engagement

LifeStance Health creates, fills new C-Suite position LifeStance Health, a private equity-backed outpatient behavioral health provider, has named Felicia Gorcyca as its first chief people officer. Gorcyca comes to LifeStance Health from TPG Capital — a Dallas-based private equity company that backs LifeStance alongside Summit Partners and Silversmith Capital Partners — where she was an […]

Pipeline: Promises, Spero Open New Facilities; ABA Expansions in Multiple States

Promises Behavioral Health opens new facility in Texas Promises Behavioral Health has opened its latest facility, an addiction and mental health treatment center in Texas. Located in College Station, Promises Brazos Valley spans over 50,000 square feet and provides addiction and mental health treatment services to adults and college students. College Station is home to […]

Ginger, Tridiuum Partner to Direct Patients to Proper Behavioral Treatment

Ginger, an on-demand virtual behavioral health care system, has teamed up with Tridiuum, a digital behavioral health solutions provider. The ultimate goal is to help guide patients to the most appropriate level of behavioral health care.  Headquartered in San Francisco, Ginger works with employers, health plans and other groups to deliver on-demand behavioral health coaching, […]

Financial Strain Has 40% of Mental Health, SUD Treatment Organizations Facing Closure

Behavioral health providers have long struggled with low reimbursement rates and slim margins, and the coronavirus only compounded those problems. As a result, a large number of American mental health and addiction treatment organizations could be forced to shut their doors if they don’t get more federal relief, the National Council for Behavioral Health found […]