Long-stagnant fee-for-service rates in the autism therapy space could stunt its potential as an industry and lock out innovation. With key exceptions, autism therapy providers across the board have seen payer rates trending flat for years with some payers attempting to push rates down, according to more than a dozen provider, investment, legal and accreditation […]
Staffing challenges in autism therapy are driving providers to invest heavily in training and upskilling registered behavioral technicians (RBTs). In recent years, inflation and a red-hot job market made hiring and retaining staff harder, especially for RBTs Further, investors have tied staff retention to the company’s value as an investment and as a provider of […]
Cortica Inc. has secured $75 million of investment and acquired two companies, expanding its footprint across the U.S. The San Diego-based whole-child pediatric autism and neurodevelopment care provider now operates 23 centers following its acquisition of Trumbull, Connecticut-based Springtide Child Development and Scottsdale, Arizona-based Melmed Center. “What’s happened is a recognition that the future of […]
The autism therapy industry lacks consensus on measuring care quality, hindering value-based care efforts, according to industry insiders. Despite the challenges, efforts by autism therapy providers such as Cortica, the Centers for Autism and Related Disorders (CARD), and health plan provider Magellan Health keep the nascent alternative payment model moving forward. “The challenge with ABA […]
Autism treatment provider Cortica Inc. has entered into a new value-based care payer arrangement that may accelerate the development of similar deals in the future. Insurer Point32Health now has an outcome-focused value-based care agreement with San Diego-based Cortica for members enrolled in Point32Health Massachusetts’ Medicaid and commercial health plans. “It’s these kinds of groundbreaking collaborations […]
Cortica Inc. aims to emulate academic medical centers’ focus on comprehensive care offerings and science-backed autism interventions in its care model. That model calls for just a fraction of the Applied Behavioral Analysis (ABA) services that children receive in other care settings. Rather, the San Diego-based operator says it can deliver improved outcomes by offering […]
The pandemic and other factors have contributed to worsening mental health conditions for a number of Americans since the beginning of 2020, but particularly so for young people. There is a growing consensus that youth mental health – more than ever – is a serious issue, as an estimated 31% of American parents have children […]
The behavioral health industry has seen a large number of funding deals in 2021. Behavioral Health Business has put together a collection of the largest funding rounds in behavioral health to give you a better idea of who those companies are. Spring Health Hits $2B Valuation After New $190M Funding Round Behavioral health benefits company […]
Cortica, a technology-enabled autism treatment provider, has raised $60 million in an oversubscribed Series C funding round, the company announced Tuesday. Longitude Capital led the round, with additional participation from new and existing investors such as Questa Capital, Aperture Venture Partners, 406 Ventures and Adam Boehler, who is the CEO of health care investment firm […]
Opened Pyramid Healthcare opens second Georgia facility Pyramid Family Behavioral Healthcare has opened a new center in the Atlanta suburb of Sandy Springs, Georgia. The program provides intensive outpatient and partial hospitalization treatment services to adults and adolescents. Pyramid Family Behavioral Healthcare also offers treatment services in a second Atlanta suburb in Johns Creek. Its […]
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