Behavioral health dealmaking will likely pick up in 2024 but initial public offerings (IPOs) may be noticeably absent. The private market — especially private equity investors and their platforms — has more than enough capital and motivation to do deals, making this year a compelling time for exits and trades. Still, experts tell Behavioral Health […]
Lifestance Health Group Inc. (Nasdaq: LFST) will focus inward during 2024 to push toward profitability. The Scottsdale, Arizona-based outpatient mental health provider will continue to abstain from M&A activity, open fewer de novo clinics and juggle several business optimization efforts, executives said Wednesday on its year-end earnings call. “We have steadied the ship, but we […]
LifeStance Health names Quartet, Teladoc veteran as CMO LifeStance Health (NASDAQ: LFST) appointed Ujjwal Ramtekkar as chief medical officer. Ramtekkar is charged with maintaining high-quality, personalized care. “Dr. Ramtekkar is an experienced physician executive with a demonstrated track record of driving exceptional patient and clinical outcomes,” Ken Burdick, chairman and CEO of LifeStance, said in […]
While 2023 unfolded at a dizzying pace, significant news in the behavioral health space may have escaped notice. This brief overview revisits several overlooked stories, offering valuable insights from a year marked by pivotal moments and promising trends. These overlooked stories represent meaningful developments in crucial industry narratives, serving as hidden gems and emblems of […]
More than 80% of mental health provider listings on Medicare Advantage (MA) directories are inaccurate or unavailable. That’s according to a recent secret shopper study conducted by the Senate Committee on Finance. These inaccurate provider directories, also known as “ghost networks,” can cause patients to get pinned down by large out-of-pocket bills and clinicians to […]
While LifeStance Health (NASDAQ: LFST) has increased its revenue year over year, it is still taking a measured approach to growth. The provider continued its M&A pause in Q3. Instead, it is looking at de novo growth and organizing its assets–at least for now. “We’ve been very clear that we’re really going to hold off […]
Growth in the behavioral health industry may look very different in 2024 than it has over the past few boom years. Gone are the days of growth for growth’s sake. Today, providers are prioritizing targeted de novo gains and keeping their balance sheets cash-flow positive. Industry headwinds, including high rates and ongoing labor shortages, have […]
Former employees are claiming that LifeStance Health Group (Nasdaq: LFST) established payment arrangements with providers requiring them to pay the company, potentially violating U.S. labor law. The Scottsdale, Arizona-based outpatient mental health giant is facing a pair of lawsuits in federal courts brought by current and former employees seeking class-action status for what they claim […]
The Future Leaders Awards program is brought to you in partnership with PointClickCare. The program is designed to recognize up-and-coming industry members who are shaping the next decade of behavioral health, senior housing, skilled nursing, home health, and hospice care. To see this year’s Future Leaders, visit https://futureleaders.agingmedia.com/. David Aziz, vice president of Integrated Behavioral […]
Several behavioral health-focused public companies raised their earnings and revenue forecasts for 2023. Industry headwinds, including a more favorable workforce environment, the steady demand for services and payer rate increases, have led to several companies, including Talkspace Inc. (Nasdaq: TALK), LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare Co. Inc. (Nasdaq: ACHC) raising their […]
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