The number of people who suffer from mental health and substance use disorders (SUDs) is reaching crisis levels, and experts are calling on Congress to support diverse payment models that integrate traditional health care with behavioral health. Investing in evidence-based integrated primary and behavioral health care across multiple models would help, according to Mitch Prinstein […]
Category: Psychiatric Care
As behavioral health demand continues to rise, the industry sees adding new service lines and embracing value-based care as critical opportunities for growth, according to new data from Behavioral Health Business. According to BHB’s 2022 Industry Outlook report, which surveyed 84 provider executives in the space, more than a third of respondents said that expanding […]
New data suggests that young Americans are facing a number of significant behavioral health challenges, yet seem to be reluctant to seek out any help – suggesting that providers need to do a better job connecting with them for care. The findings come from a series of surveys conducted by McKinsey & Company, which paints […]
The nation’s behavioral health industry keeps growing, with current estimates pegging it to be worth $90 billion. And for those on the frontline advocating for the industry, it is an especially busy time. Like everyone else, the ongoing – and seemingly neverending – pandemic remains front-and-center in the consciousness of behavioral health leaders, as they […]
Access to behavioral health services is a major issue, as more than a third of Americans live in areas lacking providers. Yet a significant problem also has to do with how those services are provided to consumers. Changing that will help drive the next generation of payment for behavioral health services, industry insiders believe. “The […]
Nationwide provider Foresight Mental Health has purchased Psychiatric Addictive Curative Therapies (PACT) Atlanta LLC, a multidisciplinary mental health practice that is based in Decatur, Georgia. PACT operates 14 clinics in the Atlanta area, with its care teams consisting of psychiatrists, psychologists, nurse practitioners, physician assistants, licensed practical counselors and social workers. PACT provides behavioral therapies […]
The pandemic and other factors have contributed to worsening mental health conditions for a number of Americans since the beginning of 2020, but particularly so for young people. There is a growing consensus that youth mental health – more than ever – is a serious issue, as an estimated 31% of American parents have children […]
Behavioral health services provider Oceans Healthcare has launched a new capital partnership with Webster Equity Partners to accelerate its growth even further. Headquartered in Plano, Texas, the company operates 33 locations in Texas, Louisiana and Mississippi, which includes 23 inpatient hospital campuses and 20 intensive outpatient programs. Founded in 2004, Oceans initially targeted services to […]
Behavioral health business activity was on fire for another year in 2021, helped largely by a high demand for services among the public that shows no signs of abating any time soon. Transactions for behavioral health providers kicked off the year strong, with 35 deals registered in the first quarter (Q1) of 2021, according to […]
Delic Holdings Corp., which trades on the Canadian Stock Exchange, has long had its eye on increasing its footprint in the American psychedelic wellness market. Last September, the company did just that by announcing its intention to purchase Ketamine Wellness Centers Arizona LLC (KWC) for a total of $10 million. The deal exponentially enlarged the […]