Digital Point Solutions Positioned for Value-Based Contracting, But Payers, EAPs and Providers Lack Consensus

Digital point solutions could have an advantage in the move toward value-based behavioral health care contracting. Tech-backed behavioral health providers have a leg up in collecting data to prove outcomes, and their virtual front-door approach could also lend itself to preventative behavioral health services. But for value-based contracting to take off in this space, payers, […]

Employers Becoming ‘Allergic’ to Per Member Per Month Contracting with Behavioral Health Companies

Over the last few years, an increasing number of digital mental health point solutions have been knocking on the doors of employers and employee assistance programs (EAPs), searching for potentially lucrative contracts. But as employers become more sophisticated and their use of behavioral health point solutions more commonplace, the contracting game appears to have changed. […]

Jeff Pritchard Takes on Oceans Healthcare’s Newly Minted COO Role

Jeff Pritchard started at the bottom of the ladder in addiction treatment. In the early 1990s, he worked as a behavioral health technician in Terra Alta, West Virginia — population: 1,713. Today, he’s the new chief operating officer for Oceans Healthcare LLC, a fast-growing Plano, Texas-based psychiatric and addiction treatment provider. He started the role […]

Eleanor Health Lands $50M for Value-Based Care Focused Addiction and Mental Health Care Platform

Eleanor Health revealed Thursday that it landed a $50 million Series C funding round. The Waltham, Massachusetts-based addiction and mental health care provider is built around deploying population health and value-based payment models, putting it at the forefront of behavioral health startups with innovative care and reimbursement models. Launched in 2019, the company has raised […]

Digital Eating Disorder Treatment Company Equip Health Lands $58M Series B

Equip Health Inc., a digital eating disorder treatment startup, announced Wednesday it closed a $58 million Series B funding round.  This latest investment will allow the company to expand Equip Health’s eating disorder treatment offerings nationwide, launch new product offerings in 2022, and broaden insurance coverage reach, including with Medicaid payers. Total funding for the […]

Oceans Healthcare Gets New Investment From Webster Equity Partners as It Plans to Ramp Up Expansion

Behavioral health services provider Oceans Healthcare has launched a new capital partnership with Webster Equity Partners to accelerate its growth even further. Headquartered in Plano, Texas, the company operates 33 locations in Texas, Louisiana and Mississippi, which includes 23 inpatient hospital campuses and 20 intensive outpatient programs. Founded in 2004, Oceans initially targeted services to […]

Pipeline: Oceans Building New Behavioral Health Hospital; Spero Health’s Latest Openings

Oceans Healthcare breaks ground on new hospital Oceans Healthcare is breaking ground on a new behavioral health hospital in Lubbock, Texas that is scheduled to open next fall. Oceans Behavioral Hospital Lubbock — which will provide inpatient and intensive outpatient treatment for adults and seniors — will house 32 beds and employ a staff of […]

Pipeline: Oceans Enters JV to Build Behavioral Hospital; New SUD Treatment Center Openings

Oceans Healthcare enters JV to build new behavioral hospital Oceans Healthcare has entered into a joint venture (JV) partnership to build a behavioral health hospital in south central Oklahoma. Oceans is teaming up with Norman Regional Health System for the project. Together, the pair will construct Behavioral Health Porter Village, a 48-bed hospital expected to […]

Telehealth Startup Ro Launches Virtual Anxiety, Depression Platform

Digital health provider Ro — which offers online pharmacy services, telehealth and in-home care — has unveiled a new mental health platform for anxiety and depression. The New York-based startup announced the service — Ro Mind — Tuesday on its Medium page. Ro Mind was created to address the growing demand for mental health care […]