[UPDATED] Federal Funding Freeze Attempt, Medicaid Portal Outage Signal ‘Systemic Risks’ for Behavioral Health Providers

Behavioral health providers have faced regulatory uncertainty regarding government funding and access to Medicaid this week. The Trump administration issued a funding freeze on Monday only for it to be blocked by a federal judge on Tuesday. States reported outages to the Medicaid portal on Tuesday and more interruptions on Wednesday, while the White House […]

BHB INVEST: The Hidden Costs to You and Your Patients of Insurance Verification Challenges

This article is sponsored by Nirvana. This article is based on a discussion with Kelvin Chan, President and Co-founder at Nirvana, Mike Dedmon, Senior Product Manager at Headspace, and Hassaan Sohail, Senior Director of Product Management at Alma. This discussion took place on October 8th, 2024 at the BHB INVEST conference. Behavioral Health Business: In […]

As Dealmaking Cools, Eating Disorder Treatment Providers Reassess

Eating disorder treatment providers say they face a slew of challenges, including how to attract patients and best differentiate themselves from their competitors. At a Behavioral Health Business INVEST panel in Dallas earlier in October, Abhilash Patel, CEO and co-founder of Within Health, and Thomas Britton, CEO of Accanto Health, spoke bluntly about an industry […]

HOPE Therapeutics to Build $100M Ketamine Clinic Business via M&A 

Ketamine therapy provider HOPE Therapeutics announced it plans to acquire five ketamine clinics and reach $100 million in annual revenue in less than a year. HOPE Therapeutics, a subsidiary of NRx Pharmaceuticals (Nasdaq: NRXP), announced on Monday that it has secured $30 million in debt to finance the acquisitions. The company is apparently targeting five […]

PE-Backed BrightSpring Health Plans to Hit the Public Market

BrightSpring Health, which provides various behavioral and physical health services, plans on hitting the public market via an IPO. This comes after reports circulated in September that the provider was looking to file a $1 billion IPO. A public offering has been on the table for quite some time for the Louisville, Kentucky-based operator. In […]

Investors Foresee Cost of Care Attribution, Payer Landscape As Thorniest Issues for Behavioral Health Value-Based Care

Value-based care has been a buzzword for decades in behavioral health, but the bulk of providers have yet to make the leap from fee-for-service to a risk-bearing or even cost-savings model. This could be changing as payers begin to prioritize value-based care contracts. In turn, this could reshape dynamics between providers and their investor partners. […]

Brightside Health Expands into Medicare and Medicaid, Doubles Its Potential Patients

Brightside Health, a digital mental health company, has extended its scope to include Medicare and Medicaid enrollees. In so doing, it increases its potential reach to about 100 million lives covered. The San Francisco-based startup has secured deals with several leading health plans to extend mental health and digital support services to this new population. […]

5 Mental Health Companies to Watch in 2023

With macroeconomic headwinds leading to declining valuations and less M&A activity, the mental health space is at a crossroads. The notoriously fragmented industry is still prime for maturation, but many companies are facing growing pains. Several companies that came onto the public market during the 2021 boom year are struggling to keep up with investor […]

New Bill Looks to Tackle SUD Care Gap By Allowing Incarcerated Individuals Access to Medicaid Coverage

A group of U.S. lawmakers have introduced a new bill that could help incarcerated individuals access Medicaid 30 days before their release from prison or jail, giving them better access to behavioral health services. The new legislation, dubbed The Reentry Act, would make it easier for Medicaid-eligible individuals to access services like substance use disorder […]

Aging Media Network Announces 2023 Aspect Awards Winners

Aging Media Network (AMN) is proud to announce the 2023 Aspect Awards winners. With 53 submissions in the categories of Behavioral Health, Home Health & Home Care, Hospice & Palliative Care, Senior Housing & Senior Living, and Skilled Nursing (SNF), the scope of creativity is broader than ever before. The program was judged by 10 […]