Mental Health Executive Forecast: New Business Models, AI and Value-Based Care to Define Industry in 2024

The mental health industry is pivoting after the market’s rapid expansion related to COVID-era telehealth and increased demand for behavioral health services. Mental health providers are now seeking new methods of care, including AI-enabled tools, to improve existing mental health treatment frameworks, industry insiders told Behavioral Health Business. Mental health companies are also seeking new […]

Providers Say Evidence-Based Care May Be Lip Service

Many behavioral health providers, including Lyra Health, Pyramid and Recovery Centers of America, boast that they offer “evidence-based” care. Evidence-based care typically means that clinicians have been trained in research-backed practices, but there is no consensus in the industry. Thus, the term “evidence-based” may be as helpful in determining quality of care as the “natural” […]

Digital Health Unicorn Lyra Expands Teen Therapy Service as Youth Mental Health Crisis Worsens

Digital mental health unicorn Lyra Health is expanding its teen behavioral health offerings. The expansion comes as the nation shines a brighter spotlight on youth mental health challenges. Lyra’s employer behavioral health benefits platform will now help teens match with specialized mental health providers. Teens will have access to video-based therapy and between-session digital exercise, […]

Mental Health Still Tops Digital Health Investment, But Signs Point to Potential Slowdown

Mental health continued to top all digital health investment in 2022’s first half. Yet the entire market may be headed for a potential cooldown, with inflation, global unrest and regulatory uncertainty contributing to more conservative mindsets among investors and founders alike. “Coming off the launch ramp of 2021, digital health founders, funders and corporate execs […]

Why 2022 Will be the Year of M&A for Digital Mental Health

Following a blockbuster year for digital mental health care investment in 2021, the pressure is on to go big and bold. There have already been a few game-changing acquisitions in the space — the earliest and most defining is the merger of Ginger and Headspace, which created a $3 billion company called Headspace Health during […]

Most Read Behavioral Health Care Stories in 2021

The chaos that the coronavirus pandemic inflicted on the behavioral health care industry gave way to a new normal in 2021 based on the many lessons learned in the previous year. And an apparent lesson learned by all is that the demand for behavioral health in the U.S. is immense. This apparently spurred on a […]

Spring Health Hits $2B Valuation After New $190M Funding Round

Behavioral health benefits company Spring Health announced Thursday that it has raised $190 million in a Series C round led by Swedish growth investment firm Kinnevik. The round included a number of participants, including several existing investors, as well as the Guardian Life Insurance Company of America, which is a new investor. Spring Health reported […]

Lyra Health Rolling Out New Services Treating AUD, Other Mental Health Conditions

Mental health benefits provider Lyra Health is rolling out two new treatment services for users struggling with issues such as alcohol use disorder (AUD), suicidality and other complex mental health diagnoses. The Burlingame, California-based company made the announcement Thursday. One of the offerings is Lyra Reset, which will enable users to address AUD issues through […]

Lyra Expands Internationally with New Global Mental Health Offerings

Lyra Health — a startup that helps employers connect their workers with mental health services — is expanding internationally. Specifically, the company has announced that it is making new preventive care and mental health coaching offerings available across the globe. Headquartered in Burlingame, California, Lyra is a behavioral health unicorn with a reported valuation of […]