Pediatric Therapy Provider DotCom Therapy Enters the Medicaid Market

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) […]

Why Medicare Director Dr. Meena Seshamani Is Prioritizing Whole-Person Behavioral Health Care at CMS

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 CEO’s Ambitious Plans to Grow to 40 Facilities by 2023

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 […]

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 […]