Morgan Stanley, Optum, Talkspace Execs: Behavioral Health Tech Must Standardize Outcomes

The burgeoning behavioral health tech segment is still defining its boundaries. The lack of clarity calls for interindustry collaboration and a total focus on patient needs. The behavioral health tech industry should quickly coalesce around industry norms and standards, according to stakeholders. “I think innovation is great,” Dr. Yusra Benhalim, senior national medical director at […]

BIPOC Telebehavioral Health Market Has Promise, But Can the Momentum Hold?

More people have become comfortable seeking behavioral health help either online or in person, but problems persist when it comes to minority and underserved populations. For individuals identifying as Black, indeginous and people of color (BIPOC), many have felt that mental health providers, overall, fail to address unique cultural circumstances contributing to adverse behavioral health […]

Autism Care Technology Company Rethink First Reportedly Being Prepped for Sale, Could Reach $1.5B Valuation

Behavioral health technology company Rethink First is reportedly being prepped for sale and could fetch a price as high as $1.5 billion, according to a report from Axios Pro. K1 Investment Management – which holds a strategic investment in the autism care tech company – is looking for a buyer and the process is being […]

LifeStance Makes IPO Debut, Reaches Valuation of Nearly $7.9B

LifeStance Health Group (Nasdaq: LFST), which less than a month ago announced its intention to go public, officially opened for trading Thursday, closing its first day at $21.90 per share. The debut of the Scottsdale, Arizona-based outpatient mental health provider on the Nasdaq was positive, as its stock price rose from its initial public offering […]

Propelled by Events of 2020, Hurdle Fills Cultural Gaps in Behavioral Treatment

For many individuals in traditionally underserved communities, getting behavioral health assistance is a major issue. This is especially true for Black men, who are prone to anxiety and depression due to the disproportionate levels of discrimnation they face, but who are less likely than other groups to receive assistance because of stigma and a lack […]

Mental Health Care Benefits Provider Lyra Health Raises $187M

Mental health care benefits provider Lyra Health has raised $187 million in Series E funding, the company announced Friday, bringing its total funding raised up to about $480 million. The latest round was led by the venture capital firm Addition. New investors Durable Capital Partners, Fidelity Management & Research Co. and Baillie Gifford also participated, […]

Digital Behavioral Startup Hurdle Raises $5 Million to Help Underserved Communities

Hurdle, a digital behavioral health startup that specializes in treating underserved communities, has raised $5 million in seed funding. Seae Ventures and 406 Ventures led the funding round, with additional participation from F-Prime Capital Partners, according to a press release announcing the news. Hurdle, which was formerly Henry Health, was founded in 2018 with a […]

In the Pipeline: New Mental Health VA Clinic; Detox Center Gets Green Light

Opened Eleanor Health opens new North Carolina center Waltham, Massachusetts-based Eleanor Health, a provider of addiction treatment services for opioids and other substances, recently opened its fourth North Carolina location in Hickory. The new location will provide services both at its outpatient facility and in patients’ homes. Six more Eleanor locations are planned in North […]