DotCom Therapy is joining the wave of virtual providers jumping into the Medicaid market. The digital health provider offers behavioral, speech and occupational therapy to the pediatric population. It will begin its Medicaid efforts in Wisconsin and is working with the state’s BadgerCare Plus program, which integrates Medicaid and the Children’s Health Insurance Program (CHIP) […]
The U.S. Centers for Medicare and Medicaid Services (CMS) has made behavioral health equity a strategic priority. In particular, the agency is focused on integrating behavioral health services into a community model. Earlier this month, it proposed a new ruling aimed at addressing workforce shortages and enhancing care coordination. The changes, if finalized, would also […]
Landmark Recovery is on the fast track to expansion. Despite looming staffing shortages in the behavioral health nursing space, the substance use disorder (SUD) provider is bullish about organic growth. It’s looking to exponentially expand both its geographical footprint and treatment area in the next few years. But, unlike other operators, Landmark CEO and co-founder […]
Acadia Healthcare Co.’s new CEO Chris Hunter plans to stay the course with the company’s targets of facility expansion and serving underserved markets. “My goal is to build upon our strong momentum and extend our market reach to more patients and communities,” Hunter said during Acadia’s Q1 earnings call. “We will continue to execute on […]
Dallas-based franchisor and multi-unit investor Princeton Equity Group invested an undisclosed amount into Ellie Mental Health. Mendota Heights, Minnesota-based Ellie Mental Health will use the investment to accelerate its growth of owned and franchised outpatient mental health clinics, a news release states. A representative of Ellie Mental Health has not yet responded to additional questions […]
Over the last two months, digital mental health unicorn Cerebral has faced a wave of negative media attention. At the crux of these stories are the company’s prescribing practices, particularly its approach to prescribing controlled ADHD substances. At the American Telemedicine Conference in Boston, Cerebral CMO Dr. David Mou sought to clear the air and […]
Teladoc CEO Jason Gorevic blames its mental health subsidiary BetterHelp’s disappointing Q1 results on smaller digital behavioral health startups driving up advertising costs. The company reported $565.4 million in revenue during the quarter, missing its expectations by $3.23 million. During the call Gorevic said the company is lowering its 2022 guidance as a result of […]
Centers for Medicare and Medicaid quietly released its Behavioral Health Strategy earlier this month with an emphasis on equity and access to care and new high quality payment models. The agency laid out five main goals in its strategy; improving equity and quality in behavioral health care, boosting access to substance use disorder programs, improving […]
With only two weeks until one of Behavioral Health Business’ (BHB) most exciting events of the year, there is still time to join top industry executives and Washington insiders for a full day of networking and discussion at VALUE Conference. Industry innovators and thought leaders will converge at VALUE to shape the conversation around value-based […]
Digital mental therapeutics provider Woebot Health has raised $9.5 million from Leaps by Bayer, the investment arm of global pharmaceutical and consumer health company Bayer AG. Founded in 2017, San Francisco-based Woebot Health uses artificial intelligence (AI) and a relational agent – dubbed “Woebot” – to provide mental health advice and solutions to users via […]
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