From SUD Research to Value-Based Care: Caron’s COO Lays Out Company’s New Strategic Priorities

Kristine Bashore has worn a lot of hats at Caron: HR professional, marketing officer and administrative officer. A self-proclaimed “utility player,” the former HR professional is now stepping into the role of chief operating officer at Caron. During her more than 20-year tenure at the substance use disorder (SUD) treatment provider, Bashore has certainly seen […]

[Updated] Virtual Addiction Treatment Provider Boulder Care Raises $36M

Boulder Care has raised over $50 million following its latest funding round.  The Portland, Oregon-based virtual substance-use disorder treatment provider has garnered $35.7 million of a $41.7 million equity funding round, according to public Securities and Exchange Commission documents.  Following the investment, Boulder Care will triple its clinician count, add new markets, and expand its […]

Virtual MAT Provider Bicycle Health Lands $50M in the Face of Uncertain Regulatory Environment

Boston-based Bicycle Health has raised $50 million in a Series B funding round. The virtual medication-assisted treatment (MAT) provider for opioid use disorder (OUD) appears to continue to have significant traction with investors. About a year ago, Bicycle Health raised a $27 million Series A funding round. In total, the company has raised $83 million, […]

Aware Recovery Looks to Scale In-Home Value-Based Care Model for Addiction Treatment, Make Inroads with Payers

Aware Recovery Care knows that it faces a tough road in growing its in-home addiction treatment model. The issues raised by using a poorly understood model — coupled with the challenges of focusing on value-based care contracts — highlight the slog Aware Recovery Care and other companies face when trying to push the innovation envelope […]

Cerebral Expands OUD Treatment Business as Walmart, CVS Stop Filling Prescriptions

Digital behavioral health company Cerebral is continuing the expansion of its opioid use disorder treatment program to include Colorado and Washington state. The program, which was first announced in March, uses a combination of medication-assisted treatment (MAT) and behavioral therapy. However, this expansion comes just days after pharmacy giants CVS Health (NYSE: CVS) and Walmart […]

Monument Buys Fellow Digital Alcohol Recovery Startup Tempest

Monument has purchased fellow digital alcohol recovery program Tempest for an undisclosed sum. The deal will give Monument access to Tempest’s resource library and community programming tools. The transaction is expected to help Monument expand its personalized and holistic care, according to a release. “Tempest’s commitment to changing the narrative around alcohol use disorder through […]

UPMC Sees Virtual Behavioral Health Surge from Patients With Commercial Insurance, Sees Opportunity for MAT Services

More people are comfortable using telehealth as behavioral health services utilization has taken off from commercially-insured patients, according to one major health system. University of Pittsburgh Medical Center (UPMC), whose provider network encompasses 140 hospitals throughout Pennsylvania – as well as in parts of Ohio, West Virginia and Maryland – said its behavioral health volume […]

Building the Foundation of Value-Based Care for Substance Use Disorder is Not Without Hurdles

Inadequate and mismatched business systems and cautious — if not drawn-out — negotiations impede the rapid adoption of value-based care in the substance use disorder (SUD) treatment space. Part of the challenge comes from a lack of consensus in the marketplace about what the high-level practices of value-based care should look like. But even when […]

Forge Health Reduces ER Use by 62% in Year-Long Study

Forge Health claims its value-based care model reduces hospital admissions by 75%. The White Plains, New York-based mental health and substance use disorder (SUD) treatment provider on Tuesday released this and other finds of a “national payor-led clinical outcomes research study.” Forge Health also apparently reduced the cohort’s emergency department utilization by 62%, all-cause hospital […]