The digital therapy enablement platform Alma has laid off 9% of its staff across most departments. The New York City-based company, confirming the news, told Behavioral Health Business that “this was a strategic decision we made to re-focus resources” but didn’t specify the impetus for the move. It added that the layoffs would help balance […]
The Biden administration’s new parity rule puts health plans and regulators on the same page when it comes to parity enforcement. In many instances, that’s quite literally the case. Finalized on Sept. 9, the new rule focuses on updated requirements for health plans to generate reports comparing how they treat behavioral health benefits compared to […]
Parity reform may heighten clinical and administrative requirements for outpatient mental health providers. These laws may make in-network agreements simpler and more profitable, as many providers hope. Yet talk of parity is often one-sided, focused on perceived payer wrongs. This overshadows the role of clinicians and their organizations in increasing access to and improving care […]
There’s a big problem with measurement-based care in behavioral health that few are talking about: the fact that many clinicians are highly skeptical of payers. While most therapists use clinical assessments to care for patients, many are concerned about privacy and how health plans will use the data that’s shared with them. These attitudes come […]
Mental Health platforms are the fastest-growing type of marketplace company in the country. That’s according to the fourth Andreessen Horowitz (a16z) “The Marketplace 100” report, a ranking of the tech companies facilitating commerce, often termed platform companies. “The fastest growing category? Mental health, by a long shot,” the report reads. The report finds that mental […]
Alma, a digital behavioral health company that helps providers streamline their business and work with insurers, has raised $130 million in Series D funding. This news comes just months after the startup closed a $90 million round. Alma is focused on supporting small mental health practices. It does this by helping those businesses set up […]
Digital mental health startup Heard Technologies Inc. has secured $10 million in Series A funding, according to the company’s CEO. First reported in Axios Pro, the San Francisco-based bookkeeping and tax help software and service provider specializing in helping therapists manage their own offices more efficiently. The company provides solo providers and group practices software […]
While business is booming for behavioral health practitioners, it can be difficult for independent ones to juggle demand with the everyday tasks of running a business. Often when practitioners render services, money is left on the table. In fact, it is estimated that less than 85% of what is owed to independent practitioners from commercial […]
Alma – which is a business services platform for independent mental health practitioners – has joined the behavioral health network of health care solutions provider Evernorth, which is a division of insurer Cigna (NYSE: CI). The partnership has already taken effect, as Evernorth customers are currently able to use Alma’s online directory to locate in-network […]
The worldwide digital market for behavioral health care is booming, and is expected to grow to nearly $840 billion by 2027, according to Data Bridge Market Research. The current provider market is filled with a number of players, with an estimated 20,000 apps worldwide available through Apple and Android that support behavioral health. Over $5 […]
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