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 […]
Category: Substance Use
A South Florida doctor has been convicted by a federal jury for fraudulent billing of approximately $110 million for addiction treatment services. Mark Agresti of Palm Beach was convicted of one count of conspiracy to commit health care fraud and wire fraud related to the billing, as well as 11 counts of health care fraud […]
Another player in the healthcare real estate investment trust space is turning to the behavioral space as a way to diversify. CareTrust REIT Inc. executives said Thursday that it will repurpose some of its properties into behavioral health facilities. The San Clemente, California-based senior-care facility real estate investment trust owns 227 facilities in 29 states […]
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 […]
Among the litany of concerns that continue to offer no relief for behavioral health providers is that of workforce shortages. It is estimated that over a third of the country lives in areas with behavioral health provider shortages. In the absence of a unified industry strategy to tackle the problem, some like addiction treatment provider […]
Addiction treatment provider BayMark Health Services is expanding again via acquisition, as its affiliate AppleGate Recovery has purchased Indianapolis-based Lucina Treatment Centers. Established in 2016, Lucina operates five clinics for opioid use disorder (OUD) treatment throughout central and northeastern Indiana, which includes two locations in its Indianapolis homebase as well as three facilities in Kokomo, […]
Wallingford, Connecticut-based Aware Recovery Care announced Monday that it named Dr. Andrea Auxier president of the company. She joined the company in May 2021 as chief growth officer. As president, Auxier will lead the execution of the company’s vision, strategies and goals with a primary focus on best practices, innovation, quality and profitability, according to […]
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 […]
Multi-state treatment provider American Addiction Centers Holdings (AAC) has named Dr. Tom Britton as its new CEO. Britton comes to AAC from the Chicago-based Gateway Foundation. Britton had been president and CEO of Gateway – one of the largest non-profit addiction treatment providers in the nation – since 2015. “I am both humbled and excited […]
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 […]
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