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 […]
Forging relationships with primary care providers is a core building block for LifeStance’s (Nasdaq: LFST) value-based care strategy. While the outpatient mental health provider has its sights set on value-based care agreements in the future, it could be a slow transition. The move will require more primary care integration and a solid foundation of measurement-based […]
LifeStance Health Group Inc. (Nasdaq: LFST) is on track to close more offices than it previously announced as its business remains mostly virtual. On Wednesday, Danish Qureshi, company president and chief operating officer, said that virtual visits accounted for 73% of all visits across LifeStance in the second quarter and 75% in the first quarter. […]
Outpatient behavioral health provider LifeStance (Nasdaq: LFST) is focusing on a more balanced approach to growth – at least until 2024 – as it moves into its “second chapter.” That’s according to LifeStance CFO David Bourdon. The company will prioritize operational performance, profitable growth and a more tapered approach to deploying capital until 2024. During […]
With macroeconomic headwinds leading to declining valuations and less M&A activity, the mental health space is at a crossroads. The notoriously fragmented industry is still prime for maturation, but many companies are facing growing pains. Several companies that came onto the public market during the 2021 boom year are struggling to keep up with investor […]
Addressing women’s health is becoming an increasingly prominent theme in the behavioral health industry. In one of the most recent examples of the trend, major behavioral health provider LifeStance (Nasdaq: LFST) is boosting its integrated care offerings through a new partnership focused on caring for individuals experiencing menopause. “Menopause impacts the mind and body,” LifeStance […]
Behavioral health provider LifeStance (Nasdaq: LFST) is cutting organizational fat and doubling down on its modernization efforts. Specifically, the provider continues to slim down its payer contracts by terminating agreements with 30% of its existing payers while also consolidating its brick-and-mortar facilities. Instead, the company is putting its efforts toward an EHR discovery initiative with […]
The pressure on behavioral health providers to improve outcome measures may make patient-matching technology a crucial part of their tech stack. The hope is that providers and patients alike are set up to succeed at the outset of treatment, accelerating the development of the oft-vaunted therapeutic alliance in behavioral health. If behavioral health organizations successfully […]
LifeStance (Nasdaq: LFST) is pulling back from its expansion efforts as it refocuses its goal on long-term profitability. The sizable behavioral health provider plans to do this by consolidating brick-and-mortar facilities, cutting payer contracts by 25% and pulling back on its M&A strategy, instead opting for more organic growth. The company has its sights set […]
Quartet shakes up its leadership team with a new CEO, COO Digital behavioral health company Quartet Health has named Christina Mainelli its next CEO. Mainelli, who previously served as the company’s COO and president, will take the reins from Puneet Singh. Meanwhile, a former senior vice president at Quartet, Anay Patel, will move into the […]
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