Virtual substance use management company Pelago has named Frank Jennings its new president, the company announced last week. Jennings comes over from a three-year tenure at Castlight Health where he was the chief sales officer. He also served as the chief commercial officer at Covera Health and senior vice president of sales at Doctor on […]
Substance use disorder (SUD) treatment executives are largely optimistic that COVID-era telehealth prescribing flexibilities, set to expire in December 2024, will be made permanent. But information released from a Drug Enforcement Administration (DEA) insider and published in Politico Pro in the days since SUD executives spoke with Addiction Treatment Business suggest an outcome different from […]
Measurement-based care has been hailed by payers and providers as essential to promoting evidence-based, individualized treatment. Substance use disorder (SUD) providers hoping to craft new reimbursement arrangements or improve patient outcomes must establish robust internal measurement systems. Collecting patient data alone does not drive change, however. Providers must also leverage their findings to adjust treatment […]
The federal government has extended COVID-era telehealth flexibilities twice since their creation. These flexibilities are now set to expire in December 2024, putting “life-saving” care at risk, behavioral health industry insiders caution. Some substance use disorder (SUD) providers are now making plans to pivot their clinical models if flexibilities are not cemented, partnering with local […]
Investing in the behavioral health industry has evolved rapidly in the last five years. From dizzyingly high funding levels to dramatic drops in annual totals, the recent past makes visualizing the future a daunting task. But long-term industry trends and emerging investment patterns offer some idea of what direction up-and-coming behavioral health companies are heading. […]
The substance use disorder (SUD) treatment industry has experienced significant challenges and breakthroughs in 2024, but a handful of providers are emerging as ones to watch in the coming year. The SUD dealmaking space has stayed stale thus far in 2024. While deals once flowed freely, only 10 closed in the first half of the […]
Once sidelined as a digital-only contender, venture capital is becoming a more mature player in the behavioral health arena. And the numbers are starting to tell the tale. In the first quarter of the year, venture capital firms invested $350 million in the behavioral health sector, according to M&A advisory firm Mertz Taggart. Similar quarterly […]
Digital substance use disorder (SUD) provider Pelago is teaming up with brick-and-mortar providers in its new Centers of Excellence Network launch. The network’s goal is to help patients who need a higher level of acuity of care to access inpatient services. Pelago’s first two partners are facility-based SUD operators Recovery Centers of America (RCA) and […]
Digital addiction provider Pelago has announced a new program aimed at treating cannabis use disorder (CUD). This comes as rates of cannabis use disorder are on the rise in the U.S. According to the CDC, 3 in 10 people who have used marijuana have a CUD. “With more states legalizing or decriminalizing cannabis and approving […]
Virtual enterprise-focused behavioral health startup Pelago has raised a $58 million Series C round. This comes as digital health investors seek out more proven companies and employers muddle through behavioral health point solution fatigue. The San Francisco-based company has raised a total of $151.6 million in funding with the new round, according to historical data […]
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