Lee Equity-backed Bradford Health Services names new CEO Birmingham, Alabama-based Bradford Health Services named Lisa Evans its new CEO, succeeding Mike Rickman, who held the role for about five years. Evans previously worked as corporate chief operating officer at Perimeter Healthcare, an Atlanta-based behavioral health company that operates 10 locations across six locations in the […]
Digital behavioral health startup Pelago, formerly Quit Genius, has announced that its platform will expand its offerings to care for youth with substance use disorder (SUD). The new coordinated care program will treat teens aged 15 to 17 for tobacco and alcohol use disorders (AUD), and individuals aged 16 and over for opioid use disorder […]
With thousands of digital point solutions on the market, payers and employers seek more out of their providers. As a result, digital behavioral health companies have gotten creative about contracting. Gone are the days of per member per month deals. Now, many point solutions offer engagement guarantees, cost-savings deals and at-risk contracting. Digital substance use […]
Over the last few years, an increasing number of digital mental health point solutions have been knocking on the doors of employers and employee assistance programs (EAPs), searching for potentially lucrative contracts. But as employers become more sophisticated and their use of behavioral health point solutions more commonplace, the contracting game appears to have changed. […]
Recently, three virtual medication-assisted treatment (MAT) startups have released research findings that demonstrate telehealth has been key to retaining patients and improving care outcomes. The companies — Bicycle Health, Quit Genius and Ophelia Health — are burgeoning behavioral health tech companies that have secured major venture capital funding and have grown significantly during the federal […]
Several behavioral health startups have soldiered through a recent investment slowdown in the digital mental health space and secured funding. Quit Genius, Wondermind, Kona, Caraway and Wysa, for instance, have all raised venture funding within the last few weeks. During the second quarter, investment in digital mental health tumbled 53% year over year, after banner […]
Quit Genius made a full-risk payment model standard for its digital B2B addiction treatment services. In the past, the New York City-based digital addiction treatment provider tied 50% of its revenue in B2B contracts to performance goals. But now the company is going all in on value-based care and will put 100% of its contract […]
More people are comfortable using telehealth as behavioral health services utilization has taken off from commercially-insured patients, according to one major health system. University of Pittsburgh Medical Center (UPMC), whose provider network encompasses 140 hospitals throughout Pennsylvania – as well as in parts of Ohio, West Virginia and Maryland – said its behavioral health volume […]
Drug overdose deaths continue to reach new highs, which has subsequently given rise to a $42 billion industry to treat substance use disorders (SUDs). Among those offering services are a number of virtual SUD treatment providers, who have emerged as debate continues within the field as to the best options overall for treating users. “[The […]
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 […]
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