Online mental health company Cerebral announced on Wednesday that it has raised $300 million in Series C investments, bringing the total amount raised by the company to $462 million. Funding for Cerebral’s round was led by SoftBank Vision Fund 2, which is a venture capital fund of SoftBank Group. The round also drew participation from […]
Cigna
Talkiatry adds senior vice president of operations Virtual behavioral health provider Talkiatry has named Vanessa Cao as its senior vice president of operations. Cao joins Talkiatry from New York-based wellness startup HealthQuarters, where she was the company’s head of operations. She has also previously held managerial roles with New York-based health system NYU Langone Health […]
Meru Health — which provides online-led solutions to treat various behavioral conditions — has raised $38 million in a Series B round led by Industry Ventures. The latest funding raised by the San Mateo, California-based company was announced Thursday. Other firms participating in the round included early investors Bold Capital Partners, Freestyle VC, FMZ Ventures […]
Virtual addiction treatment platform Quit Genius has raised $64 million in an oversubscribed Series B round, the company announced Monday. The round was led by European investment firms Kinnevik and Atomico. Octopus Ventures, Triple Point Ventures and Startup Health — all of whom contributed to Quit Genius’ Series A round last year — also participated. […]
The pandemic has worsened the nation’s overall behavioral health, underscoring industry-wide workforce shortages and access issues — as well as the dire need to fix them. “The pandemic has been a shock to the system in all sorts of ways,” David Rabinowitz, an Atlanta area senior manager for Deloitte Consulting, said. “We’re just really recognizing […]
Arguably one of the biggest takeaways from the pandemic is the importance of maintaining behavioral health in the face of major life challenges. Even as the world slowly returns to normal, the need for more options to treat a variety of behavioral issues remains. Despite efforts and legislation over the years to establish parity between […]
When it comes to behavioral health providers being reimbursed for their services, documentation is key. But in the applied behavioral analysis (ABA) realm, documentation mistakes that can impact reimbursement and authorizations are common. Just ask Christina Weston, vice president of behavioral health at CareSource, a Medicaid and Marketplace insurer that operates in five states. “One […]
The health insurance giant Cigna (NYSE:CI) is once again doubling down on its commitment to virtual behavioral health care post-pandemic. Like most insurers, Cigna watched its virtual behavioral health claims spike amid the COVID-19 emergency. And Stuart Lustig, Cigna’s senior medical director for behavioral health, told Behavioral Health Business there’s no going back now. “It […]
California behavioral provider names CEO Sacramento, California-based Community Psychiatry, an outpatient behavioral health provider, has named Christopher Brengard as its CEO. He replaces outgoing CEO Ken Kelly. Community Psychiatry has more than 40 locations across the state of California, where it provides mental health services. Before joining the company, Brengard most recently served as chairman […]
The health insurance giant Cigna (NYSE:CI) has long expressed interest in remote behavioral health care delivery. It’s first big commitment came back in 2017, when the insurer rolled out its virtual care network, creating a system of thousands of behavioral providers able to deliver care remotely. In the years that followed, Cigna slowly continued to […]
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