2023 has been a tumultuous year for the behavioral health space. Macroeconomic headwinds, including rising interest rates plus unrest in Eastern Europe and the Middle East, has slowed dealmaking. Additionally, many providers have struggled to raise more capital as investors tighten their purse strings. At least two major companies in behavioral health care have filed […]
San Francisco-based hybrid mental health provider Two Chairs is leveraging a recently acquired national contract with Aetna to expand its footprint in Florida, one of the largest states in the nation and its first East Coast market. Two Chairs CEO Alex Katz told Behavioral Health Business that the expansion to the third-largest state in the […]
Behavioral health providers have lagged behind their physical health counterparts in measuring outcomes. But that may soon change, industry insiders believe, as payers pressure providers to show more data before raising rates or negotiating value-based contracts. Even so, collecting the correct data to prove outcomes isn’t just on behavioral health companies. A true outcomes-based approach […]
Behavioral health tech company Array Behavioral Care closed a $25 million funding round led by CVS Health Ventures, the investment arm of health care giant CVS Health Corp. (NYSE: CVS). On top of providing capital for scaling efforts, the funding round brings Array Behavioral Care closer to CVS Health. Array has previously partnered with CVS […]
2023 is set to be a year of transition for behavioral health, as the COVID-era public health emergency (PHE) comes to an end and economic headwinds impact the global economy. Companies that took advantage of the PHE’s relaxed regulations will finally get some answers to looming questions about their business model as the federal government […]
Behavioral health point solutions are increasingly looking to make lucrative payer partnerships. Payers, too, are interested in the prospect of partnering with digital health companies to provide more behavioral health services to their members. But there can be a culture clash between the two entities. Thus, it’s crucial to have aligned goals, outcomes and expectations, […]
Telehealth in behavioral health is here to stay. The behavioral health industry must now double down on efforts to ensure post-COVID era telehealth regulations don’t inadvertently make telehealth a second-class care modality, according to a panel at the Behavioral Health & Well-Being Congress. “We are in a chicken and an egg situation where if we’re […]
Recovery Centers of America hired two new executives to lead its expanding mental health services business. On Tuesday, the King Of Prussia, Pennsylvania-based addiction treatment center provider named Dr. Hyong Un as chief medical officer and Dr. Peter Vernig as vice president of mental health services, according to a news release. The addiction-focused provider is […]
When it comes to the health care sector, the payers control the checkbook. That’s one of the reasons startups, especially those in the mental health space, are clambering to ink deals with some of the largest private insurers in the country. But with many up-and-coming mental health startups and far fewer health plans, in order […]
The scrutiny around mental health startup Cerebral Inc. following the company’s meteoric rise and subsequent criticism has generated new challenges for the company. A House committee has launched a review of how the Drug Enforcement Administration (DEA) has enforced the Ryan Haight Act, which dictates how controlled substances are allowed to be prescribed via telehealth. […]
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