Hybrid Addiction Treatment Provider Eleanor Health Raises Over $22M

Substance use disorder (SUD) provider Eleanor Health has raised $22.23 million for its value-based care platform, according to an SEC filing. This new infusion of capital brings the company’s total raise to roughly $104 million. According to the SEC filing, the Waltham, Massachusetts-based provider plans to sell up to $30 million in equity in this […]

SUD Industry Has Evolved But Still Has a ‘Lot of White Space’ for Consolidation 

The outpatient substance use disorder (SUD) industry has evolved from a landscape of mom-and-pop businesses to a field dominated by sophisticated providers seeking to provide quality care. While the SUD industry has matured over the last decade, it still faces significant roadblocks like stigma surrounding medication-assisted treatment (MAT) and fragmentation. The splintered SUD market offers […]

SUD Provider Eleanor Names Sevita Vet William McKinney CEO

Substance use disorder provider Eleanor has named Sevita vet William McKinney its new CEO.  In McKinney’s previous role as CEO of home and community IDD provider Sevita, he led a team of 45,000 employees that served 55,000 individuals. His resume also includes tenure as president of Integrated Care Group for Fresenius Medical Care and vice […]

SUD Executive Forecast: Regulation, Primary Care Integration, ‘Clash with Payers’ Will Shape 2024

Despite the strong growth potential in the substance use disorder (SUD) treatment space, providers faced stiff headwinds in 2023, including rising patient acuity, access obstacles and shifting regulatory frameworks. Some of these challenges will continue to present problems for SUD treatment providers in 2024, but the new year will also bring significant opportunities, industry insiders […]

For True Payment Innovation, Behavioral Health Companies Must Be ‘Purpose Built for Value-Based Care’

Value-based care is a buzz word in the behavioral health sector. But few organizations in substance use disorder or mental health have built their care model solely based on a value-based approach. Eleanor Health, which was founded in 2019, was one of the first providers to take a population-based and value-based care approach to treating […]

Podcast: Corbin Petro, founder and board member, Eleanor Health

The fourth episode of the Behavioral Health Business Perspectives podcast is now live! Behavioral Health Business Editor Laura Lovett sits down with Corbin Petro, founder of Eleanor health and trailblazers in the value-based care movement. They discuss the future of Petro’s recent transition out of the CEO role at Eleanor Health, the future of value-based […]

Investors Foresee Cost of Care Attribution, Payer Landscape As Thorniest Issues for Behavioral Health Value-Based Care

Value-based care has been a buzzword for decades in behavioral health, but the bulk of providers have yet to make the leap from fee-for-service to a risk-bearing or even cost-savings model. This could be changing as payers begin to prioritize value-based care contracts. In turn, this could reshape dynamics between providers and their investor partners. […]

Spring Health Partners With Eleanor Health, Announces Collaboration with Highmark Health

In recent years, employers have seen substance use disorder (SUD) claims increase. New York-based Spring Health is looking to address this issue by partnering with Eleanor Health.  Spring launched its SUD program in 2021 and continued to expand its offerings, partly through partnerships with other SUD providers. The partnership with Eleanor is Spring’s latest effort […]

Eleanor Health Founder, CEO Corbin Petro Stepping Down

Corbin Petro, founder and CEO of hybrid substance use disorder (SUD) provider Eleanor Health, announced her plans to resign. She said she intends to remain on the company’s board and take a more strategic role in the future. “As I look at where I can be most valuable to Eleanor during this next phase of […]

Substance Use Disorder Executive Outlook: Plan for Economic Pressures, Regulatory Turmoil

In 2023, substance use disorder (SUD) executives forecast retaining and recruiting challenges, more modality flexibility, deeper adoption of data and value-based care and shifting regulatory frameworks. Behavioral Health Business reached out to top executives in the substance use disorder space to get their insights on two key questions — What will be the defining market […]