Cigna’s (NYSE:CI) health service division Evernorth has launched a new behavioral health care group. Evernorth Behavioral Health Group will launch with over 1,000 clinicians and guarantee patients an appointment within 72 hours. According to Evernorth data, the industry average wait time is 48 days. “When I think about the impetus of the care group, it’s […]
Want to read more content like this? Subscribe to Addiction Treatment Business today! Private equity-backed substance use disorder provider Summit BHC has acquired Sobriety Centers of New Hampshire. This marks the SUD provider’s first move in the New England market. Sobriety Centers of New Hampshire offers detox programs, intensive outpatient programs (IOPs), partial hospitalization programs (PHPs), outpatient […]
Unlike its virtual health competitors, Teladoc’s (NYSE: TDOC) subsidiary BetterHelp plans to focus on the direct-to-consumer marketplace. This tactic differs from its main competitor Talkspace (NASDAQ: TALK), which has refocused its efforts over the last two years on moving away from the direct-to-consumer market and towards more enterprise efforts. Others in the virtual care space, […]
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 […]
Psychiatric care provider InSite Health raises $2.9M New Jersey-based InSite Health has raised $2.9 million, according to an SEC filing. The psychiatric care provider offers services for adults and children. It specializes in medication management, psychiatric evaluations, behavioral threat assessments, and psychotherapy. It treats patients with anxiety disorders, PTSD, addiction, depression, ADHD, autism and behavioral […]
Despite some public stumbles among private-equity-backed ABA providers, investors are still interested in the space. And 2024 could be a crucial M&A year for autism practices. This is partly because many ABA and autism providers completed their last transaction between 2017 and 2019. “As you think about the typical investment period, for those capital partners, […]
While Acadia Healthcare (Nasdaq: ACHC) is best known for its inpatient behavioral health facilities, the company is looking to diversify with more step-down services. Specifically, the organization is boosting its intensive outpatient programs (IOPs) and partial hospitalization programs (PHPs). These services are often used as a step-down from traditional inpatient care and a step-up from […]
The Centers for Medicare and Medicaid (CMS) released a new guidance to State Medicaid Directors, opening the door to a larger pool of providers to offer care to beneficiaries and adding a new nurse advice line. As part of the guidance, a new group of behavioral health providers, including master’s level social workers, marriage and […]
Substance use disorder (SUD) provider Eleanor Health has raised $22.23 million for its value-based care platform, according to an SEC filing. This new infusion of capital brings the company’s total raise to roughly $104 million. According to the SEC filing, the Waltham, Massachusetts-based provider plans to sell up to $30 million in equity in this […]
Digital behavioral health provider Lyra has launched a new offering for individuals with complex mental health issues. The new offering takes a multipronged approach to supporting individuals with severe mental health needs. “When building Lyra Complex Care, we focused on four critical components not offered anywhere else: a specialized network of facility partners; a dedicated […]
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