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 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 […]
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 […]
Not everyone with alcohol use disorder can or wants to swear off alcohol altogether. Oar Health understand this as part of its business model. The New York City-based digital addiction treatment company seeks to differentiate itself from a crowded digital mental health space by accommodating people with alcohol use disorder (AUD) who want to become […]
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 […]
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 […]
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 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 […]
In the last few years, telehealth companies providing digital treatment services for substance use disorder (SUD) have reported seeing “tremendous” growth. That list includes Ria Health and Monument, which offer digital treatment services for alcohol abuse disorder (AUD). Representatives from the two companies recently reported that membership numbers are up, as are the number of […]
A former Kindred Healthcare executive who led the post-acute provider’s innovation efforts and a services division is now the CEO of Aware Recovery Care. Dr. Brian Holzer said on Wednesday that he had taken over the CEO post of the Wallingford, Connecticut-based in-home addiction treatment services provider in a LinkedIn post. His first day on […]
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