AbsoluteCare hires new chief growth officer Value-based care provider AbsoluteCare named Michelle Croasdale its new chief growth officer. Columbia, Maryland-based AbsoluteCare offers physical, behavioral and transitional services in Maryland, Ohio, Louisiana and Pennsylvania. Its behavioral health offerings include therapy, psychiatry, substance use disorder (SUD) treatment and peer services. Croasdale most recently served as the senior […]
Lack of behavioral health parity has extreme consequences for patients. The inability to find in-network care for these services requires patients without the means to pay for health care out of pocket to forgo care or make “really tough life decisions.” “We’ve [heard] stories of members having to lose their homes because they have to […]
Weight-loss drugs, like Ozempic and Wegovy, have become a sensation in recent years. The drugs, originally intended to treat diabetes and now often hailed as weight loss revelation for people without diabetes, may be set to make an indelible mark on the substance use disorder (SUD) treatment industry. Nearly half of people on a course […]
Virtual substance use management company Pelago has named Frank Jennings its new president, the company announced last week. Jennings comes over from a three-year tenure at Castlight Health where he was the chief sales officer. He also served as the chief commercial officer at Covera Health and senior vice president of sales at Doctor on […]
While medication-assisted treatments (MAT), such as methadone and buprenorphine, are hailed as the gold standard for treating opioid use disorder (OUD), some patients with the condition instead opt for non-opioid medications. Clinicians too are much more likely to prescribe non-opioid medications. These preferences, based on misinformation and misunderstandings, can keep patients from the most effective […]
Limbic, raised $14 million in March to expand into the U.S. market. Now it has done so. The London-based mental health artificial intelligence (AI) company has clinched a partnership with the nonprofit behavioral health system Rogers Behavioral Health. Through the deal, Rogers Behavioral Health is changing its “front door” intake system from primarily phone-based to […]
Outpatient substance use disorder (SUD) provider Crossroads Treatment Centers has appointed a new president and chief operating officer. Nick Sulaiman, who has served in executive roles at multiple health care companies, took over the role as of Monday. “I came to Crossroads because of its powerful mission of saving the lives of those impacted by […]
Virtual pediatric behavioral health provider Fort Health is executing its partner-first, expand-after strategy, securing a round of funding while landing a new payer partnership. The New York City-based provider raised a $5.5 million round led by venture capital firms Twelve Below and Vanterra, Fort Health exclusively told Behavioral Health Business. The funds will be used […]
Previous research has consistently demonstrated that cannabis use among adolescents contributes to symptoms of psychosis, but the exact reasons have remained unclear. Researchers have now identified that external factors and self-medication likelihood play a part in increased psychotic symptoms, according to a new study published in JAMA Psychiatry. The study’s authors recommend that their findings […]
Sabra Health Care REIT (Nasdaq: SBRA) is less enthusiastic about doing deals in the behavioral health space. Leaders of the Tustin, California-based health care real estate investment trust (REIT) said they no longer see the same opportunity to diversify portions of their portfolio to behavioral health uses. The company has also identified few prospective behavioral […]
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