After eight years working in the Indiana public schools as a speech-language pathologist (SLP), Ashley Whitaker decided to focus on helping children diagnosed with autism. “Speech is one the first symptoms people recognize in individuals with autism,” Whitaker told Autism Business News. She found a mentor in Janine Shapiro, a speech-language pathologist who had gone […]
Medicaid reimbursement rates are largely trending upward for autism therapy providers, but burdensome regulations still pose significant hurdles to growth. To overcome these challenges and improve rates, all players in the autism therapy industry, including private equity firms, must become involved in advocacy work, industry insiders said at the Behavioral Health Business Autism & Addiction […]
Autism therapy providers often feel like they find themselves clashing with payer partners to get their clinical hour recommendations. While actions by health plans appear to be pressuring autism therapy providers to provide fewer clinical hours, providers are hoping to get payers onboard with increasingly customized and sophisticated treatment plans. The proliferation of care outcome […]
Value-based contracts that involve autism therapy providers taking on risk can be “wildly beneficial.” The contracting process, however, has its challenges. To ease the complicated process, payers may benefit from creating a value-based “skeleton,” or framework for value-based agreements with payers. Industry insiders stress the importance of providers approaching value-based negotiations with a collaborative mindset. […]
Autism therapy provider Acorn Health has announced Richard Hallworth as the Coral Gables, Florida-based company’s new president and CEO. He succeeds founding CEO Vicki Kroviak and takes over the role after Janet Widmann stepped in on an interim basis on Dec. 8. Kroviak stepped down from the CEO position. Acorn Health’s chief operating officer resigned […]
Acadia Healthcare names Laura Groschen to the C-suite Laura Groschen is now the chief information officer for the largest pure-play behavioral health operator in the U.S. — Acadia Healthcare Co. Inc. (NASDAQ: ACHC). Groschen will report to CEO Chris Hunter. Her role is to advance the company’s digital transformation, according to a news release. She […]
Vicki Kroviak, CEO of Acorn Health, rejects the “dots-on-a-map strategy” for growing autism therapy businesses. Under Kroviak’s direction, the Applied Behavior Analysis (ABA) provider has expanded its footprint by 47% since 2018. At the same time, others in the space have had to downsize — laying off staff and even abandoning entire state markets. Most […]
Autism therapy provider Acorn Health announced Tuesday that it has acquired seven applied behavior analysis (ABA) centers from Maitland, Florida-based Breakthrough Behavior. The Coral Gables, Florida-based in-home and facility-based autism provider continues to grow at a time when several of the largest operators in the autism treatment space are rationalizing their portfolios. The deal included […]
Grant Avenue Capital, LLC, a health care-focused private equity and venture capital firm, has made an investment in the pediatric care market through its portfolio company, H2 Health. H2 Health has purchased Great Strides Rehabilitation, Inc, a Jacksonville, Florida-based provider of youth behavioral health services. Terms of the deal were not disclosed. Serving children and […]
Stepping Stones Group, which is a multi-state provider of services to children with autism and other behavioral needs, is reportedly up for sale. PE Hub reported Thursday that the organization’s parent company, Five Arrows Capital Partners, has recently initiated a competitive sale process for the provider that is aimed exclusively at private equity buyers. Investment […]
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