How Value-Based Care Could Transform Serious Mental Illness Treatment

It’s no secret that patients with serious mental illnesses (SMIs) are costly to care for and have significantly worse outcomes than their peers. But value-based care models could enable providers to get creative in caring for these patients, leading to better outcomes and lower costs. Specifically, the value-focused model could allow providers to use wrap-around […]

Quartet Health Launches Virtual Clinic for Serious Mental Illness

Digital behavioral health company Quartet Health has launched a new virtual clinic focused on treating patients with moderate and serious mental illness (SMI). The new clinic employs an integrated approach to care and uses multidisciplinary teams to treat patients. Teams include psychiatric nurse practitioners, licensed clinical social workers, nurse case managers and patient care coordinators. […]

Payers, Providers Join Forces to Standardize Value-Based Care in Outpatient Mental Health

Payers appear to be at the forefront of standardizing value-based care. But they still share the reins with other major forces in behavioral health, especially in the outpatient mental health space. Until the industry settles on standards, the value-based care negotiations are likely to produce reimbursement arrangements that are one-offs or otherwise unique. On the […]

2021’s Largest Funding Rounds in Behavioral Health

The behavioral health industry has seen a large number of funding deals in 2021. Behavioral Health Business has put together a collection of the largest funding rounds in behavioral health to give you a better idea of who those companies are. Spring Health Hits $2B Valuation After New $190M Funding Round Behavioral health benefits company […]

Cerebral Raises $300M as Valuation Hits $4.8B, Eyes Expansion and M&A

Online mental health company Cerebral announced on Wednesday that it has raised $300 million in Series C investments, bringing the total amount raised by the company to $462 million. Funding for Cerebral’s round was led by SoftBank Vision Fund 2, which is a venture capital fund of SoftBank Group. The round also drew participation from […]

Quartet Health Acquires InnovaTel to Accelerate Growth and Meet Needs of Most Complex Populations

Behavioral health solutions company Quartet Health announced that it has purchased InnovaTel Telepsychiatry, a health care platform that comprises a nationwide network of psychiatrists, psychiatric nurse practitioners and licensed clinical social workers. According to Quartet, the merger provides the foundation for a comprehensive and nationwide solution for all people, including those with complex needs. “By […]

Quartet Health Lands New $60M of Funding, Plans to be in 30 States by End of 2022

Quartet Health Inc. raised $60 million in a funding round that was led by the Philadelphia-based insurance company Independence Health Group. The New York City-based behavioral health technology company announced Thursday that existing investors GV and Oak HC/FT also joined the round, which brings the total amount raised to $222 million since 2014. The new […]

Quartet Taps Beacon Executive as New COO, Adds More Execs

Quartet Health, a technology solutions provider that services behavioral health companies, has announced multiple new management and C-suite hires, which includes an addition from Beacon Health Options. Christina Mainelli, a veteran of the health care and insurance industries, has been named Quartet’s new chief operating officer, where she will oversee strategy and operations for the […]

Movers & Shakers: Talkiatry Fills C-Suite Position With Former Talkspace Exec; New Hire at Charlie Health

Talkiatry appoints new chief growth officer Virtual psychiatric care provider Talkiatry has added to its executive ranks with the hire of Alex Kozersky as chief growth officer (CGO). As Talkiatry’s CGO, Kozersky will help the company expand its insurance partnerships in connection with a national roll out. Most recently, he was the chief sales officer […]