After a rocky 2023, mental health providers are considering new approaches to growth and sustainability. In the wake of the bursting venture funding bubble and cooling M&A market, providers are taking stock of their assets and looking for new revenue generation. Some providers have opted for new partnership opportunities with public entities, such as state […]
The state of California has inked a deal with pediatric behavioral health providers Brightline and Kooth to offer behavioral health services to all residents under 25 years old. The deal providing digital mental health resources to young Californians is valued at $680 million. Approximately 13 million children and young people will be able to access […]
The Cigna Group (NYSE: CI) expanded its behavioral health provider network by 30% in 2022, doubling its size in the past four years. The Bloomfield, Connecticut-based health insurance and service giant also nearly doubled the size of its virtual care network, according to its latest impact report. The Cigna Group now engages more than 300,000 […]
Equip hires its first president Equip, a virtual, evidence-based eating disorder treatment company, appointed Nikia Bergan as its first-ever president. Bergan will report to co-founder and CEO Kristina Saffran and serve as an observer on the Equip board of directors. For nearly 20 years, Bergan worked at the Advisory Board Company, part of Optum. Optum […]
Youth and family mental health startup Brightline announced layoffs for 20% of its workforce last week. This is the second round of layoffs in recent months for the Palo Alto, California-based company. In November, 2022 Brightline announced a layoff that would impact 20% of its workforce. This latest move by Brightline comes after a wave […]
Ophelia adds new CCO, COO Digital substance use disorder provider Ophelia is shaking up its C-suite with a new chief commercial officer and a new chief operating officer. The New York-based provider announced that Alexandra Minarik is joining the team as CCO and Chris Sharon will be its next COO. Before joining Ophelia, Minarik served […]
Rates of pediatric behavioral health conditions have skyrocketed in the wake of the COVID-19 pandemic. As a result, the federal government has poured hundreds of millions of dollars into pediatric mental health services. Last year, the Biden administration pledged nearly $300 million to expand mental health services in schools, for instance. Still, addressing the youth […]
Over the last few years, an increasing number of digital mental health point solutions have been knocking on the doors of employers and employee assistance programs (EAPs), searching for potentially lucrative contracts. But as employers become more sophisticated and their use of behavioral health point solutions more commonplace, the contracting game appears to have changed. […]
The well-funded pediatric virtual behavioral health startup Brightline has laid off 20% of its workforce. The company announced the move to employees on Friday. A company spokesperson said Brightline “identified several areas to realign our strategic priorities” but didn’t explain what those areas or priorities are. It’s not clear precisely how many employees were impacted. […]
Pediatric behavioral health provider Brightline scored an additional $10 million in funding from health care organization Northwell Health. This brings the company’s total Series C raise to $115 million. Its overall fundraising total rises to just under $220 million. Founded in 2019, Brightline uses multidisciplinary care teams to deliver virtual behavioral health care to children, […]
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