Meadows hires executive director of virtual outpatient Phoenix-based Meadows Behavioral Healthcare has hired Mark Baumgartner as its executive director of virtual outpatient services. Before coming to Meadows, Baumgartner spent most of his career at the Betty Ford Center, which is part of the Hazelden Betty Ford Foundation. He worked there almost two decades, serving his […]
Category: Substance Abuse
Acadia partners with suicide prevention organization to open new centers Acadia Healthcare (Nasdaq: ACHC) has opened 15 community resource centers in partnership with a leading suicide awareness organization to help young individuals with opioid use disorder (OUD). The centers are located in four states across the country within Acadia’s Comprehensive Treatment Centers (CTC), which provide […]
Outpatient mental health is currently one of the fastest growing subsectors in behavioral health — just ask private equity buyers, who are expected to fuel record levels of M&A this year. Like so many other companies in the industry, Vertava Health is leaning into outpatient. The private equity-backed behavioral health company with roots in substance […]
With drug overdose deaths at a record high, Medicaid expansion could be key to helping more people access medication-assisted treatment (MAT) for opioid use disorder (OUD), a new study suggests. The research comes out of Penn Medicine and was published in the journal Health Affairs this month. The findings suggest that Medicaid expansion is linked […]
Behavioral health proponents often tout value-based care as an efficient way for providers to deliver better services, giving them the chance to be paid based on the quality outcomes they produce for patients rather than the historically low fee-for-services reimbursement rates they typically receive. The payment model has picked up steam in recent years, as […]
The Biden Administration is requesting Congressional approval for an unprecedented level of funding to help tackle the nation’s opioid crisis. The request comes as part of the president’s new discretionary budget proposal, which also includes other forms of mental health funding. As part of the nearly $132 billion proposal for fiscal year (FY) 2022, the […]
Brightline’s slew of new leaders Brightline — a Palo Alto, California-based provider of behavioral health solutions for children and their families — has announced several additions to its executive team. The additions include: Haleigh Tebben as chief commercial officer Gary Alpert as chief strategy officer and head of business development Zack Still as chief information […]
Welsh, Carson, Anderson & Stowe is reportedly looking to sell SpringStone, its network of more than 30 behavioral health facilities, according to PE Hub. The news outlet cited “four sources with knowledge on the matter,” reporting that the private equity firm is hoping to get upward of $1 billion for the Louisville, Kentucky-based business it […]
The Centers for Medicare & Medicaid Services (CMS) has announced the 61 providers that it has chosen to participate in its new Value in Opioid Use Disorder (OUD) Treatment Demonstration. Starting this month, the four-year demonstration will test whether a new care management fee and performance-based incentive for OUD treatment can reduce hospitalizations and improve […]
Acadia forms JV with Geisinger Acadia Healthcare (Nasdaq: ACHC) has formed a joint venture (JV) with Danville, Pennsylvania-based Geisinger Health System to build two new inpatient behavioral health facilities. The companies are putting a combined total of about $80 million toward the projects. The first of the two facilities will open next year in Moosic, […]