Lack of behavioral health parity has extreme consequences for patients. The inability to find in-network care for these services requires patients without the means to pay for health care out of pocket to forgo care or make “really tough life decisions.” “We’ve [heard] stories of members having to lose their homes because they have to […]
Dealmaking in the behavioral health space is slow these days — there’s no arguing that. But there are still plenty of lessons to be learned from the deals that have been completed thus far in 2024. With less to look at, there’s more to see. With fewer deals, we can spend more time taking in […]
Outpatient mental health providers made up the bulk of behavioral health companies that appeared on this year’s Inc. 5000, a list of the nation’s fastest-growing companies. Of the 40 companies that Behavioral Health Business identified, 24 exclusively focused on providing mental health services in various formats and with a wide variety of specializations. Two other […]
New York City-based digital mental health provider Spring Health has secured $100 million in funding on a $3.3 billion valuation, the company said Wednesday. This comes on the heels of another eye-popping funding round. The company raised a $71 million Series D round (on a $2.5 billion valuation) in April 2023. Wednesday’s $100 million Series […]
Mental health provider Spring Health named Arielle Mortimer its new chief operating officer. Mortimer is an operations veteran who most recently held the COO role at Heyday, a skincare company. She previously worked as senior vice president of operations at Kindbody, a women’s wellness company that offers services including IVF, egg freezing, gynecology and fertility […]
Spring Health names new COO Virtual behavioral health provider Spring Health has tapped Arielle Mortimer to be its next chief operating officer. Mortimer previously served as the COO of skin care company Heyday. Her resume also includes a stint as senior vice president of operations at fertility startup Kindbody. “Arielle brings a wealth of experience […]
In case you missed it, Behavioral Health Business has launched a new specialty publication for professionals in the substance use disorder space. You can subscribe to Addiction Treatment Business here: Subscribe today! The health coaching industry was initially focused on fitness and lifestyle goals but is now a common service line in the behavioral health […]
Want to read more content like this? Subscribe to Addiction Treatment Business today! A new partnership between Spring Health and 2Morrow Health will bring 2Morrow Health’s behavioral-based smoking cessation program into the Spring Health platform. Almost 30 million adults in the U.S. are current tobacco smokers, and smoking employees cost employers an average of $5,800 […]
2023 has been a tumultuous year for the behavioral health space. Macroeconomic headwinds, including rising interest rates plus unrest in Eastern Europe and the Middle East, has slowed dealmaking. Additionally, many providers have struggled to raise more capital as investors tighten their purse strings. At least two major companies in behavioral health care have filed […]
In recent years, employers have seen substance use disorder (SUD) claims increase. New York-based Spring Health is looking to address this issue by partnering with Eleanor Health. Spring launched its SUD program in 2021 and continued to expand its offerings, partly through partnerships with other SUD providers. The partnership with Eleanor is Spring’s latest effort […]
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