The Centers for Disease Control and Prevention (CDC) has released new data showing that 14% of women report having prescription depression medication, a much higher rate than men overall at 7%. The data — from a 2021 survey by National Center for Health Statistics — finds that women aged 18 and older report having a […]
Federal lawmakers have introduced new legislation calling for more oversight and data transparency from institutional youth treatment programs. U.S. Representatives Ro Khanna (D-Calif.) and Earl Carter (R-Ga.) introduced a version of the legislation to the House, while Senators Jeff Merkley (D-Ore.), Tommy Tuberville (R-Ala.), Ben Ray Luján (D-N.M.), Chris Murphy (D-Conn.), and Susan Collins (R-Maine) […]
Innovive Health, a home health provider that caters to individuals with serious mental illness (SMI), has announced its expansion into Colorado after acquiring an operating license from an already established business. This marks the second state for the Medford, Massachusetts-based provider, which cares for about 20,000 patients per week in its home state. Innovive uses […]
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 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 […]
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 […]
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 (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 […]
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 […]
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 […]
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