Behavioral health services were mostly exempt from the pre-pandemic telehealth limitations that kicked in for Medicare recipients when the federal government shutdown began 15 days ago. Yet, a newly announced freeze on claims dated Oct. 1 and beyond will pause reimbursement for providers in the mental health and substance use disorder (SUD) space. “In the […]
This is an exclusive BHB+ story While the mental health sector has attracted steady investor interest and autism services have experienced a renewed awakening, the substance use disorder (SUD) treatment industry remains somewhat sleepy. In the first half of 2025, there were 18 deals in the SUD space, according to a recent report by M&A […]
Hybrid addiction treatment provider Eleanor Health has laid off nearly its entire Community Outreach team. The move comes after sharing expansion plans earlier this year. The layoffs impacted six full-time employees, with a seventh who stayed with the company but transitioned into a different role, the Waltham, Massachusetts-based company told Behavioral Health Business. Eleanor Health […]
Behavioral health clinical leader takes CEO role at Magellan Health Magellan Health, a part of Centene Corp. (NYSE: CNC), has appointed Dr. Caroline Carney as its new CEO, succeeding Derrick Duke. Carney joined Magellan Health in 2016, took on the chief medical officer role in 2020 and was named president of behavioral health in 2022. […]
This is an exclusive BHB+ story Tobacco cessation services often rank low on the list of offerings for substance use disorder providers. Still, there could be a business opportunity to expand offerings in this space. Tobacco use is still the leading cause of preventable death in the U.S., responsible for just under half a million […]
Addiction treatment provider Eleanor Health has officially launched online therapy services in New Mexico, marking the ninth state the company has operations in. Services began April 28. Eleanor is currently focused on marketing its new offering throughout the state and awaiting members. The company chose to expand to the New Mexico market after evaluating geographical […]
Eleanor Health, a company that offers “addiction treatment from the comfort of home” announced Monday that it has raised $30 million in its latest equity financing round. The Series D capital raise was led by General Catalyst, a multinational venture-capital firm that previously led Eleanor Health’s $50 million Series C funding round. General Catalyst’s wide-ranging […]
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 […]
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 […]
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 […]
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