In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! The health coaching industry was initially focused on fitness and lifestyle goals but is now a common service line in the behavioral health […]
Digital behavioral health provider Headspace has inked a new deal with Intermountain Health’s value-based care subsidiary Castell to offer virtual coaching and therapy to select health plans in Utah. Castell can refer members with behavioral health conditions or concerns to Headspace Health. This value-based care collaboration aims to reduce the cost of care and improve […]
Digital behavioral health company Headspace has announced a $105 million debt financing round from Oxford Finance. The Los Angeles-based mental health provider said the new financing will enable it to be opportunistic in investing in areas where there is a market need. “For instance, we’re hearing demand from our customers, health plan partners, and members […]
Digital behavioral health unicorn Headspace Health has laid off another 180 employees, according to numerous reports and social media posts. The latest round of layoffs impacts 15% of the total company, the Los Angeles Times reported. This news comes six months after the San Francisco-based company announced cutting 50 positions, or about 4% of its […]
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, […]
Economic uncertainty heading into 2023 will drive several existing trends that orbit around the topic of value-based care. In turn, economic pressure and increased focus on value will demand that mental health providers sharpen their proverbial pencils. The prognostications below come from executives of some of the largest incumbent companies and growing startups in the […]
Dealmaking has made behavioral health one of the most interesting segments of the health care sector. And 2022 was no exception even after a historic 2021. Behavioral Health Business has identified a handful of deals that caught our eye as we look back at the year that was 2022. Not all of them are big-dollar […]
Headspace Health is rolling out a unified enterprise mental health and well-being offering to members. The rollout comes roughly a year after the digital mental health companies Headspace and Ginger completed their $3 billion merger. With the new initiative, users will be able to tap into Ginger’s on-demand coaching, therapy and psychiatric services. The offering […]
Health benefits managers are looking for innovative ways to provide behavioral health services to their members – and that’s a trend that operators should be keeping their eye on. Behavioral health-related conditions such as depression, anxiety, addiction and others are among the largest cost drivers in health care. On top of that, they are often […]
Headspace Health has acquired Shine Inc. to add greater diversity to the wide-ranging digital mental health company. Santa Monica, California-based Headspace Health on Thursday announced its deal to acquire the mobile mental health company focused on inclusion. About 80% of the Shine team identifies as Black, Indigenous or as a person of color. Additionally, Shine’s […]
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