The trend-that-must-not-be-named is back: Layoffs. Behavioral health so often has to paste on a smile while muddling through its many challenges. So often, that leads to worries about being too cheery. The last several weeks have seen seriously positive developments. But another development hauls the industry off cloud nine and back to earth with a […]
Brightline
Virtual pediatric behavioral health company Brightline has transformed its go-to-market strategy. The shift involves shutting down the company’s operations in 45 states, nixing its enterprise commercial functions and planning to create hybrid care models in five states. The change was also accompanied by significant layoffs announced on Tuesday. “It’s been a hard week for Brightline,” […]
Investing in the behavioral health industry has evolved rapidly in the last five years. From dizzyingly high funding levels to dramatic drops in annual totals, the recent past makes visualizing the future a daunting task. But long-term industry trends and emerging investment patterns offer some idea of what direction up-and-coming behavioral health companies are heading. […]
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 […]
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