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 […]
Health systems are seeing a steep increase in patients coming to emergency departments (EDs) for psychiatric conditions. However, the ED is often not the best place for patients in a psychiatric crisis. One major ramification of this increase is many of these patients can face a long wait time, causing a significant bottleneck in the […]
Samir Malik, the CEO of firsthand, and Marie Hannah, a recovery peer for the company based in Nashville, know that those in the greatest need of behavioral health treatment are often the hardest to reach. The New York City-based startup uses a field-work-heavy approach to peer support work as part of a value-based care partnership […]
Outpatient mental health providers are looking for options to improve patient outcomes and add a new service line to their business. Transcranial magnetic stimulation (TMS) has come to the fore among a handful of alternative options that may help providers deliver additional value to patients and health plan partners. TMS is growing in popularity as […]
Psychiatric hospitals are buckling under decades of financial pressure that increased following the onset of the pandemic. Discriminatory regulations, challenging payer relations and inflation have placed several psychiatric hospitals in untenable positions. A spate of facility closures in 2023 demonstrates that the pressure is proving too much. Industry insiders say that systemic changes can’t come […]
Author Health, a hybrid mental health startup helmed by ex-Optum leader Katherine Hobbs Knutson, landed a $115 million debut funding round. The new company focuses on providing virtual and in-office mental health services to seniors with Medicare Advantage plans. It launched in 2022 and started seeing patients in January 2023, Knutson, CEO of the company, […]
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