Universal Health Services (NYSE: UHS) plans to sell River Crest Hospital, a San Angelo, Texas-based facility, to Shannon Health System, a healthcare provider based in the same city. The parties did not disclose the terms of the deal. The move expands the nonprofit Shannon Health System’s behavioral health division. Presently, Shannon operates a 22-bed inpatient […]
Pharma giant Otsuka (OTCMKTS:OTSKY) is teaming up with Alphabet’s life science subsidiary Verily to launch a new longitudinal study to research depression and mental health. The study, called My Mental Health Journey, will use Verily’s technology to collect real-world data from individuals living with depression and mental health disorders. The goal of the research is […]
Value-based care and parity go hand-in-hand as the behavioral health industry continues to evolve beyond the fee-for-service paradigm. The interrelatedness of the two concepts often means that progress on one indirectly impacts the other. Moving toward either comes with several hurdles that require cash to fuel efforts to surmount them. Where things stand now, patients […]
The Centers for Medicare and Medicaid Services (CMS) has released its 2025 proposed rule for prospective payments and policies for Medicare-reimbursed inpatient psychiatric facilities. CMS has proposed a 2.7% increase in the payment rate of inpatient psychiatric facilities (IPFs) for 2025. The agency estimates that the total payments to IPFs in 2025 will increase by […]
Toronto-based Greenbrook TMS Inc. (Nasdaq: GBNH) has been kicked off the Nasdaq Stock Market LLC. On Friday, the transcranial magnetic stimulation (TMS) and Spravato clinic provider announced it had received a final delisting notice from the stock market. The suspension is effective as of the opening of trading on Feb. 26. It’s unclear when shares […]
During the coronavirus pandemic, the rate of those with “serious psychological distress” received outpatient mental health at a diminished rate. Further complicating the picture, the overall rate of American adults identified as experiencing serious psychological distress increased to 4.2% in 2021, compared to 3.5% in 2018, and gains in access to care were not seen […]
While private equity investors continue to look for new opportunities in behavioral health, there is one area that is still relatively uncharted: serious mental illness (SMI) care. Caring for the SMI population can be very challenging and requires a multipronged approach, as well as a robust patient engagement plan. Due to these challenges, SMI care […]
Matt Morgan and Boston-based private equity firm Summit Partners unveiled a long-in-the-works overhaul of what is now a national mental health platform focused on bridging the gap between outpatient and in-facility care. Called Blended Health, the new entity uncouples outpatient mental health assets from Vertava Health, a company once focused on pivoting its legacy destination […]
Lightfully Behavioral Health’s scale-up effort now includes expanding its virtual intensive outpatient program (IOP) to college students nationwide. The fledgling IOP stands among a small group of virtual behavioral health companies taking on intensive services — and an even smaller handful of companies targeting the collegiate population. Mental health services offered by colleges are not […]
A new mental health company named Guidelight Health has landed $16.35 million in funding, according to an SEC filing. The startup offers partial hospitalization (PHP) and intensive outpatient programs (IOPs) to adolescents and adults. Patients can access these programs either in-person or virtually. PHPs and IOPs provide an intermediate care alternative to traditional inpatient and […]
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