The gradual move in behavioral health toward value-based care has shone a bright light on patient outcomes. With government and commercial insurers pivoting away from the traditional fee-for-service payment model, a number of providers are also embracing the arrangement. As some behavioral health executives tell it, value-based care is an effective way to keep many […]
Cloud-based behavioral health company Owl Health announced a partnership Monday with the Recovery Centers of America (RCA), where it will provide its measurement-based care (MBC) platform to the treatment operator. The MBC platform contains a library of over 250 evidence-based measures, with collected data used by providers to assess clinical outcomes of patients being treated […]
Workit Health, a digital provider of substance use disorder (SUD) treatment, has raised $118 million in Series C funding. The Ann Arbor, Michigan-based company announced Thursday the results of the round, which was led by Insight Partners. Additional participants in the round included CVS Health Ventures, FirstMark Capital, BCBS Venture Fund and 3L Capital. Founded […]
Mergers and acquisitions (M&A) among behavioral health providers dipped a bit in the third quarter (Q3), but the sector is still poised to close out 2021 on a high note. Across the behavioral health care spectrum, 25 transactions occurred in Q3 2021, according to a report released by M&A advisory firm Mertz Taggart. The number […]
Two Ohio-based addiction treatment providers have officially joined forces, as Sunrise Treatment Center has completed its purchase of Port 45 Recovery. Terms of the deal, which was finalized effective September 22, were not disclosed. “Sunrise is grounded in two guiding principles: providing high-quality, comprehensive addiction treatment services to its patients, and implementing best practices to […]
The addiction treatment market — estimated to be worth $42 billion — has grown alongside the nationwide rise in substance use disorders (SUDs). A number of multi-state providers have consequently emerged in the treatment field, among them being BrightView Health, whose homebase is in a region significantly wracked by SUDs. Headquartered in Cincinnati, BrightView operates […]
Over the past three months, demand for mental health and substance use treatment has increased nearly 80% over the past three months — continuing a steady rise that started more than a year ago — according to a new poll from Morning Consult and the National Council for Mental Wellbeing. As the need and demand […]
Towson, Maryland-based Sheppard Pratt Hospital — which is one of the oldest psychiatric health systems in the country — has launched a new division to expand service access throughout its Baltimore-area homebase and beyond. Sheppard Pratt Solutions will use mental health professionals to provide consulting, management services and development-based partnerships with health care organizations nationwide. […]
The Biden administration will be investing $825 million into community centers nationwide to expand access to mental health and behavioral support services. The Substance Abuse and Mental Health Services Administration (SAMHSA) will distribute the investment, which was announced Tuesday and consists of 231 grants to federally-designated Community Mental Health Centers (CMHCs). Funding for the grants […]
BayMark opens new Ohio clinic Substance use disorder (SUD) treatment provider BayMark Health Services has opened a new clinic in Marietta, Ohio, which offers medication-assisted treatments (MATs) for individuals suffering from opioid addiction. MedMark Treatment Centers Marietta is located in the southeastern corner of the state in Washington County — across the Ohio River from […]
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