How LifeStance Is Prepping for Potential Telehealth Regulation Changes, Installing Collaborative Care Models

Collaborative care has gained significant traction in the behavioral health industry since its inception in the early 2000s. The care model, which integrates physical and behavioral health care services, is set to become the gold standard, according to Dr. Ujjwal Ramtekkar, chief medical officer of LifeStance Health. LifeStance is increasingly implementing collaborative care across its […]

The Next Chapter for Mental Health Coverage and Business Models

All was relatively quiet on the behavioral health front for publicly traded companies in Q1, reflecting the typically sleepy nature of the first quarter for those seeking to wrap up old initiatives and start new ones. Don’t get me wrong: It’s not like nothing happened or there isn’t anything worth pondering. Quite the opposite, in […]

LifeStance COO Departs, Company Optimistic About Federal Noncompete Ban 

LifeStance Health Group Inc. (Nasdaq: LFST) faces the challenge of finding a successor for a departing top executive. Danish Qureshi, president and chief operating officer of LifeStance, announced his resignation on the company’s first-quarter earnings call. “For me, now is the right time to step away and take on my next challenge,” Qureshi said on […]

Is an IPO Worth It? What Good Exits in Behavioral Health Will Look Like in 2024.

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 Closes 82 Clinics, Says No Plans for Near-Term Deals

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 Installs New CMO; Pelago Names Chief Scientific Officer

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 […]

6 Under-the-Radar Stories of 2023: LifeStance Scales Back, Feds Push to Deregulate Methadone

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 […]

‘This Isn’t Just a Payer Problem’: Health Plans and Providers Must Jointly Address Ghost Networks

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 […]

‘The Era of Growth at All Costs Is Over’: Discovery, LifeStance, Summit BHC Reset M&A Strategies

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 […]