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Top Behavioral Health Trends for 2023
2023 is established to be a yr of transition for behavioral wellbeing, as the COVID-era public overall health emergency (PHE) will come to an conclude and financial headwinds effect the global economic system. Corporations that took advantage of the PHE’s comfortable laws will ultimately get some answers to looming queries about their small business design as the federal authorities arrives out with far more long lasting polices close to telehealth and medicine assisted cure (MAT). And although it appears the feds could be loosening specific regulations, expect some watchdogs to retain a close eye on electronic corporations dealing with managed substances. Earlier, electronic wellness businesses Cerebral and Completed arrived beneath…
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CMS Singles Out Behavioral Health in Plan to Streamline Payment Between Primary Care, Speciality Care
The U.S. Centers for Medicare & Medicaid Solutions (CMS) is looking to streamline most important treatment-professional care integration, which could make it a lot easier for behavioral wellbeing companies to get paid out. Medicaid courses may perhaps now straight shell out consulting suppliers for interprofessional consultations, even when a affected person is not existing. CMS informed condition health officials of the new plan in a memo released Thursday. CMS stated streamlining interprofessional consultations is a section of the Biden administration’s mental wellbeing crisis strategy, an extension of its so-called unity agenda. Previously, the agency directed Medicaid and Children’s Health Insurance policies Application (CHIP) officers to compensate suppliers seeking a session…
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Behavioral Health Startups Foresight, Headspace, SonderMind, Eleanor Lay Off Staff
Supplemental reporting by Chris Larson A slew of behavioral health startups have laid off workers. These startups, lots of of which have elevated tens of tens of millions of bucks in the final year, contain Foresight Psychological Well being, Headspace Wellness, SonderMind and Eleanor Wellness. This will come as enterprise-backed organizations on the total keep on to scale back in the encounter of new economic headwinds. “They have to be much additional considerate about capital performance, especially as it relates to technology fees, but operations fees and headcount in normal,” BBG Ventures Handling Spouse Nisha Dua formerly explained to Behavioral Wellbeing Business. Foresight helps make additional occupation cuts This is…
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Top 10 Behavioral Health Stories of 2022: How ABA Layoffs, Value-Based Care and Dealmaking Defined the Year
The year 2022 saw several growing pains and tough lessons in the behavioral health industry. Two years after the onset of a world-altering pandemic, the behavioral health industry saw adjustments and reactions to a lot of new developments. The industry did so while grappling with several of its chronic headaches such as workforce shortages and payer-reimbursement challenges. Among the new issues in 2022, venture capital-backed tech’s “move fast and break things” ethos collided with behavioral health’s do-no-harm approach. All the while, the newly empowered space — buoyed by $5.5 billion in 2021 — faced scrutiny from the public and from government officials as was the case for the startup Cerebral.…
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BehaVR, OxfordVR Raise $13M for Newly Merged Behavioral Health Company
Behavioral wellness-centered virtual actuality businesses BehaVR and OxfordVR have merged, the pair announced Tuesday. The joint company will operate beneath the BehaVR identify. The offer was supported by a $13 million Series B funding spherical led by Optum Ventures and Oxford Science Enterprises. Accenture Ventures, Confluent Wellness, Chrysalis Ventures and Thornton Cash also participated. Both equally BehaVR and OxfordVR describe on their own as digital therapeutics, which are proof-based solutions shipped by way of program interventions to take care of or take care of a situation. The pair have a extended history of using VR to give individuals a “multi-sensory” working experience to help take care of psychological wellbeing disorders.…
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The Deals that Defined Behavioral Health Investment in 2022
Dealmaking has created behavioral overall health a person of the most intriguing segments of the wellness care sector. And 2022 was no exception even immediately after a historic 2021. Behavioral Overall health Business enterprise has recognized a handful of specials that caught our eye as we search back at the calendar year that was 2022. Not all of them are large-greenback blockbusters — although we have a handful of of people. These bargains stand out mainly because they are emblematic of the year or ended up in some way in a class of their very own. The get-togethers in these bargains assortment from titans of their respective areas to upstarts.…
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