Eleanor Health Inc. grew up as a company with the concept of hybrid care models from the start. That served the Waltham, Massachusetts-based outpatient substance use disorder treatment provider well when Covid forced the entire health care sector into almost exclusively providing telehealth. “When COVID hit, I think we were probably doing 75 or 80% […]
The trend to value-based care in the behavioral health market continues to evolve. In late September, Wayspring announced it raised $75 million to target individuals struggling with substance use disorder (SUD). The market is ripe for innovation, as more than $90 billion is spent annually on the SUD population by Medicaid and Medicare Advantage managed […]
axialHealthcare — a Nashville, Tennessee-based substance use disorder (SUD) treatment company — has received a $75 million investment, along with rebranding itself to Wayspring. Founded in 2012, Wayspring is a value-based care solutions company that links prospective patients to providers of treatment services. Patients and providers are connected through a network of SUD treatment organizations, […]
On September 9, the Biden administration issued a mandate for all health care workers at federally funded facilities to receive COVID-19 vaccinations. The order also extends to behavioral health care workers, whom a leading industry group last year described as being an afterthought when it came to inoculating frontline staff. A number of behavioral health […]
Eleanor Health raises $20M Eleanor Health has raised $20 million in an oversubscribed Series B financing round, the company announced Monday. The global private equity firm Warburg Pincus led the funding round, with significant participation from existing investors such as Town Hall Ventures, Echo Health Ventures and Mosaic Health Solutions. The funding will help the […]
The Centers for Medicare & Medicaid Services (CMS) has announced the 61 providers that it has chosen to participate in its new Value in Opioid Use Disorder (OUD) Treatment Demonstration. Starting this month, the four-year demonstration will test whether a new care management fee and performance-based incentive for OUD treatment can reduce hospitalizations and improve […]
Opened Eleanor Health opens new North Carolina center Waltham, Massachusetts-based Eleanor Health, a provider of addiction treatment services for opioids and other substances, recently opened its fourth North Carolina location in Hickory. The new location will provide services both at its outpatient facility and in patients’ homes. Six more Eleanor locations are planned in North […]
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