After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]
An industry-redefining merger of Humana Inc. (NYSE: HUM) and The Cigna Group (NYSE:CI) is reportedly in the works. The deal, if completed, would create a massive company that spans nearly every segment of the health insurance industry. It would also create a formidable clinical and health services division prominently featuring behavioral health. Late Tuesday, a […]
Author Health, a hybrid mental health startup helmed by ex-Optum leader Katherine Hobbs Knutson, landed a $115 million debut funding round. The new company focuses on providing virtual and in-office mental health services to seniors with Medicare Advantage plans. It launched in 2022 and started seeing patients in January 2023, Knutson, CEO of the company, […]
Health insurer Humana (NYSE: HUM) recently revealed that 58% of its 2.1 million Medicare Advantage (MA) behavioral health claims had a value-based link. In a report released earlier this month, the Louisville, Kentucky-based payer and health care provider noted that primary care doctors using a value-based model are more likely to see “physical and mental […]
Health care stakeholders are focusing on access to behavioral health today – and outcomes for tomorrow. The shortage of behavioral health providers, coupled with the complexities of getting patients to the right level of care, has created a number of access hurdles for the behavioral health sector. This, in turn, has placed access as the […]
Digital mental health platform Resilience Lab is expanding services in the tri-state area of New York, New Jersey and Connecticut, with plans to grow to nine Northeast states this year. New York-based Resilience is now available to 33 million tri-state area residents, with access open to residents who are in-network with UnitedHealthcare and Humana. To […]
Franklin, Tennessee-based Acadia Healthcare Company Inc. (Nasdaq: ACHC) has announced a replacement for retiring CEO Debbie Osteen. The company’s board of directors announced on Friday that it has named Christopher Hunter to the role. He will also hold a seat on the board, according to a news release. He starts on April 11. “The board […]
Talkiatry fills leadership roles with new hires Virtual behavioral health provider Talkiatry has added to its leadership team with two new hires. Adam Bunke joins New York-based Talkiatry as its head of design. Bunke comes to the company from Philips, where he was a design director and creative strategist for the global conglomerate. Bunke has […]
St. Louis-based Centene Corp. (NYSE: CNC) has named former Magellan Health executive Jim Murray as its Chief Transformation Officer, the company announced Thursday. In the new role, Murray will lead the company’s Value Creation Office and the Centene Advanced Behavioral Health division and will report to Centene Board Vice-Chair Sarah London. Murray joins Centene following […]
Talkiatry adds senior vice president of operations Virtual behavioral health provider Talkiatry has named Vanessa Cao as its senior vice president of operations. Cao joins Talkiatry from New York-based wellness startup HealthQuarters, where she was the company’s head of operations. She has also previously held managerial roles with New York-based health system NYU Langone Health […]
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