Additional reporting by Chris Larson A slew of behavioral health startups have laid off employees. These startups, many of which have raised tens of millions of dollars in the last year, include Foresight Mental Health, Headspace Health, SonderMind and Eleanor Health. This comes as venture-backed organizations on the whole continue to scale back in the […]
Venture capital-backed Foresight Mental Health nearly ran out of cash, forcing it to cut roughly 20% of its workforce and hire a new CEO to turn the company around. The Berkeley, California-based outpatient mental health provider will have laid off 200 employees in two rounds by Sept. 9. The company, which once made big promises […]
Payers appear to be at the forefront of standardizing value-based care. But they still share the reins with other major forces in behavioral health, especially in the outpatient mental health space. Until the industry settles on standards, the value-based care negotiations are likely to produce reimbursement arrangements that are one-offs or otherwise unique. On the […]
Foresight Mental Health is on a mission to deliver value-based care nationwide, but to start on that path it was forced to pivot from being a technology solution to an actual behavioral health provider. Founded in 2018, Berkeley, California-based Foresight provides both in-person services and telehealth to residents in 25 states, with 21 locations making […]
Nationwide provider Foresight Mental Health has purchased Psychiatric Addictive Curative Therapies (PACT) Atlanta LLC, a multidisciplinary mental health practice that is based in Decatur, Georgia. PACT operates 14 clinics in the Atlanta area, with its care teams consisting of psychiatrists, psychologists, nurse practitioners, physician assistants, licensed practical counselors and social workers. PACT provides behavioral therapies […]
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