Top Behavioral Health Trends for 2024

After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]

Mental Health Executive Forecast: New Business Models, AI and Value-Based Care to Define Industry in 2024

The mental health industry is pivoting after the market’s rapid expansion related to COVID-era telehealth and increased demand for behavioral health services. Mental health providers are now seeking new methods of care, including AI-enabled tools, to improve existing mental health treatment frameworks, industry insiders told Behavioral Health Business. Mental health companies are also seeking new […]

Amwell CEO: AI ‘Was the Last Piece of the Puzzle’ for Behavioral Health Integration

Virtual care provider Amwell (NYSE: AMWL) has its sights set on using artificial intelligence to bolster its behavioral health capabilities. The telehealth giant recently launched a system within its platform that immediately connects patients to a therapist in real time. After Amwell providers or its AI-backed automated systems determine the patient needs mental health services, […]

Amwell’s Behavioral Health Business Lifts Revenue in 2022, Remains a Focus for Growth

Telehealth company Amwell (NYSE: AMWL) saw subscription revenue pop after adding behavioral health provider SilverCloud and health automation tool Conversa Health to its platform. Leaders at the Boston-based company, officially known as American Well Corp., say the success of SilverCloud, a virtual mental health provider, demonstrates the high demand for behavioral health services. It also […]

CVS Expands Mental Health Access with Launch of New Virtual Care Platform

CVS Health Inc. (NYSE: CVS) has gone live with its CVS Health Virtual Primary offering. The move expands the health care and pharmacy giant’s mental health service through integrated virtual care teams. CVS Health Virtual Primary users can also get care from the company’s in-person care providers or other in-network providers. The company announced Wednesday […]

Amwell Inks CVS Health Deal to Provide Mental Health, Primary Care Services

CVS Health (NYSE: CVS) has tapped telehealth company Amwell to provide its new virtual primary care offering, which includes on-demand behavioral health services. In May, the retail giant announced its plan to launch CVS Health Virtual Primary Care. It will begin rolling out the service to Aetna fully insured, self-insured plan sponsors and CVS Caremark […]

SilverCloud Patients Spend 10 Minutes with a Provider, See Similar Results

SilverCloud Health providers spend one-sixth of the time that other therapists do with their patients. Yet, it generates comparable outcomes to in-person cognitive behavioral therapy. This shows that providers can innovate with tech and care modes to become more efficient, said Dr. John Sharry, co-founder and clinical director of SliverCloud. This comes at a time […]

Talkspace Reportedly Rejected Merger Offer from Amwell

American Well Corp. (NYSE: AMWL) reportedly took a stab at getting the management of Talkspace Inc. (Nasdaq: TALK) to talk about a takeover deal. However, Talkspace passed on the offer “before any numbers were discussed,” according to a report by the financial markets content service Seeking Alpha, citing unnamed sources. If true, this would mark […]

SilverCloud Health Unveils New Suite of Behavioral Health Offerings for Families and Youth

Mental health services platform SilverCloud Health is rolling out a suite of offerings to address family health concerns, which comes in the wake of the pandemic and global events. The six-course suite features programs, content and interactive tools that incorporate integrated cognitive behavioral therapy. The suite was piloted through Fountain Valley, California-based MemorialCare, a Los […]