2024 was a year of slow progression for the behavioral health industry as it moved towards the new normal after multiple years of disruption brought on by the COVID-19 pandemic. Conversations about value-based care continued to dominate the space. However, most providers remained dependent on the traditional fee-for-service model. M&A in behavioral health was sluggish […]
After a relatively quiet 2024, executives expect to see some changes in the behavioral health industry next year. For starters, M&A, which was relatively slow in 2024, is set to pick up as a new administration that many have dubbed more “business friendly” takes the reins. While this consolidation will likely look different from the […]
Once a rarity, digital behavioral health companies are now an established part of the industry’s ecosystem. However, as this subsector of behavioral health begins to mature, many startups face a number of growing pains, whether it is garnering enough investor dollars to stay afloat or developing contracting strategies with employers. I don’t see these hardships […]
Digital mental health unicorn Headspace is eliminating its staff therapist corps and 13% of its workforce. Headspace CEO Tom Pickett told employees in an email that the layoffs were necessary to “reset” the company and “return to our roots by driving innovations in both technology and care models that disrupt existing systems.” The move comes […]
Lack of sleep can increase a person’s chance of developing hypertension, diabetes, heart attack and stroke. There’s an intrinsic link to mental health and well-being, too. Sleep loss and behavioral health conditions can lead to a feedback loop in which lack of sleep worsens behavioral health conditions, and behavioral health conditions lead to lack of […]
Digital mental health giant Headspace has named Tom Pickett as its next CEO. A startup veteran, Pickett is joining Headspace after serving as chief revenue officer at food delivery company DoorDash, where he oversaw business development, sales and partnership growth. Pickett has also worked in startup media. He previously served as CEO at Crunchyroll, which […]
Understaffing has undermined the behavioral health industry for years. Only slightly more than a quarter of the nation’s need for mental health services is being met, according to KFF. Mental health coaching has emerged as a crucial way for the industry to provide care for lower-acuity patients who need a helping hand meeting goals, rather […]
Digital mental health app Headspace is expanding its reach to college students through a new partnership, its latest in a series of collaborations with specialty providers and tech organizations. Headspace partnered with Uwill, a digital mental health platform that specifically caters to colleges and universities. The deal made Uwill Headspace’s exclusive partner in higher education. […]
Headspace is broadening its reach by offering its mental health coaching services, previously exclusive to its business-to-business segment, directly to individual consumers. Several digital health companies started in the direct-to-consumer space and have since focused their efforts on their B2B business. Now, Headspace is expanding in the opposite direction, taking its B2B coaching product and […]
Staffing challenges plagued the behavioral health workforce in the wake of the COVID-19 pandemic, but the employment environment might be improving for operators. In 2023, 53% of behavioral health insiders said that staff was the biggest challenge in the industry, which dropped to 42% in 2024, according to a Behavioral Health Business survey. Several tailwinds […]
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