New Acadia CEO Plans to Build on Strong Momentum, Eyes Embracing Digital to Enhance Platform

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 […]

Ellie Mental Health to Accelerate Clinic, Franchise Expansion with Princeton Equity Group Investment

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 […]

Cerebral CMO Responds to Backlash Over the Company’s Prescribing Practices

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: VC Backed Mental Health Startups are Making “Economically Irrational Decisions”

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 […]

CMS Outlines New Behavioral Health Strategy to Improve Access and Quality

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 […]

Woebot Health Gets $9M Investment from Bayer AG, Brings Total Funding to $123M

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 […]

Aging Media Network Announces 2022 Aspect Awards Winners

Aging Media Network (AMN) is proud to announce the 2022 Aspect Awards winners. With 42 submissions in the categories of Home Health & Home Care, Hospice & Palliative Care, Senior Housing & Senior Living, Skilled Nursing (SNF), and Behavioral Health, the scope of creativity is broader than ever before. The program was judged by 8 […]

Over 80% of Americans Prefer Virtual Behavioral Health Services

Telehealth is not going anywhere and most people prefer to receive such assistance for behavioral health concerns, according to a new survey by commercial real estate company Jones Lang LaSalle (JLL). The survey was conducted this January as Medicare began expanding options for where recipients can receive telehealth services – a move that behavioral health […]

Why 2022 Will be the Year of M&A for Digital Mental Health

Following a blockbuster year for digital mental health care investment in 2021, the pressure is on to go big and bold. There have already been a few game-changing acquisitions in the space — the earliest and most defining is the merger of Ginger and Headspace, which created a $3 billion company called Headspace Health during […]