Beacon Health Options is furthering its connection with parent company Elevance Health (NYSE: ELV) by rebranding to Carelon Behavioral Health. Carelon is the name of Elevance’s health service division. This comes roughly three years after Elevance Health, previously Anthem, purchased behavioral health operator Beacon. “The new healthcare services brand Carelon consolidates the company’s existing broad […]
Beacon Health Options
The year 2022 saw several growing pains and tough lessons in the behavioral health industry. Two years after the onset of a world-altering pandemic, the behavioral health industry saw adjustments and reactions to a lot of new developments. The industry did so while grappling with several of its chronic headaches such as workforce shortages and […]
The new suicide hotline number 988 could be transformative in shaping mental health access in the future. Elevance Health Inc.’s CEO highlighted the potential impact of the new 988 Suicide & Crisis Lifeline on the behavioral health industry. Launched July 16, all texts and calls sent to the 988 dial code will be routed to […]
Yared Alemu faced high stakes when treating 4,000 low-income youth at a community health clinic in Atlanta. In his mind, getting care right could mean helping patients stay in school. Not getting it right left open the possibility of entanglements with the law. He also knew that he was fighting blind without an objective way […]
Beacon Health Options is challenging some fundamental notions in its latest approach to value-based care in outpatient mental health. Neil Leibowitz, chief medical officer for the Boston-based behavioral health managed care organization and clinical services provider, said this starts with proving which specific therapies improve care outcomes and lower care costs based on claims data. […]
Talkspace Inc. (NASDAQ: TALK) interim CEO and Chairman Doug Braunstein says that it can capitalize on data and analytics it hasn’t yet taken advantage of to pursue new opportunities in the value-based care space. Braunstein made the case that Talkspace’s wide range of virtual mental health services and its analytic capabilities makes the company a […]
Health insurers could drive down health care spending and gain a competitive edge in the market by better handling enrollees’ behavioral health. The prevalence of and spending to treat behavioral health issues in the U.S. is growing fast. And people with these conditions often have much higher overall health care costs including for issues that […]
The creation of urgent mental health care in retail locations isn’t coming, it’s already underway. Huge players in the retail and health care space have already built a foundation for themselves to make mental health care more accessible. Over the last 20 years or so, urgent care blazed a new retail-like trail for physical health […]
The chaos that the coronavirus pandemic inflicted on the behavioral health care industry gave way to a new normal in 2021 based on the many lessons learned in the previous year. And an apparent lesson learned by all is that the demand for behavioral health in the U.S. is immense. This apparently spurred on a […]
Anthem Inc. (NYSE: ANTM) revealed that it has developed a new product called Behavioral Health Advantage (BHA) and plans to launch in 2022. The new product was mentioned briefly during its third-quarter earnings conference call by Peter Haytaian, Anthem’s executive vice president and president of Anthem’s diversified business group and IngenioRX. Details on the new […]
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