In late September, the Senate Finance Committee released a bipartisan discussion draft bill that aims to address the nation’s crippling behavioral healthcare crisis by providing funding for 4,000 Medicare Graduate Medical Education psychiatry residencies over the next decade. Four thousand more psychiatrists are certainly a step in the right direction, but there is still much work to be done in light of projections that we will be short between 14,280
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Behavioral Health | News, Analysis, Insights - HIT Consultant
BehaVR & Oxford VR Merge, Raises $13M for VR Delivery Platform
What You Should Know: - Virtual reality mental and behavioral health companies BehaVR and OxfordVR today announced their merger, supported by an initial $13M in Series B funding led by Optum Ventures and Oxford Science Enterprises, with participation from Confluent Health, Accenture Ventures, Chrysalis Ventures and Thornton Capital. - Uniting under the BehaVR brand, digital therapeutic companies BehaVR and OxfordVR will deliver comprehensive virtual reality-based treatments for mental and
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5 Behavioral Health Trends Coming Into Focus in 2023
For the past two years, behavioral health in the U.S. has taken center stage, but the true impact of COVID-19 on families is just now coming into focus. The lingering effect of the pandemic combined with social stressors on top of life’s daily pressures is all taking its toll on mental health. Instead of declining post-pandemic, as a nation, we’re continuing to see an increase in the number of people struggling with some form of anxiety and depression.Among some of the hardest hit are
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How Community Health Investments Will Define The Future of Healthcare
Community health is more than how someone’s physical health needs are being met. It involves all the physical, social, and environmental factors — access to nutritious food, stable income and housing, education opportunities, and more. These social determinants of health, or SDoH, are interconnected and integral to the overall health of communities across the world — and healthcare systems are taking note. With the onset of the COVID-19 pandemic, it became clear one person’s health could
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Enthea Secures $2M to Expand Psychedelic Healthcare Provider Network
What You Should Know: - Enthea, the first provider of insurance plans for psychedelic healthcare, has announced a $2M Seed Round raise led by Tabula Rasa Ventures to offer psychedelic-assisted therapy as a workplace benefit. - The funds will be used to launch Enthea’s services into 40 markets across the U.S. in 2023 as well as grow its customer base and provider network to increase access to new, evidence-based healing options that have proven to be very effective in improving symptoms for
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2022 Telemental Health Regulations Unlock Access and Evolve Compliance Practices
What You Should Know: - Epstein Becker Green (EBG) recently released its 2022 updates to the Telemental Health Laws survey. - The 2022 updates report a significant evolution of the telemental health and telehealth industries, including increased regulatory flexibilities that promote increased use of telehealth. Insights and Trends from Telemental Health’s Survey The Telemental Health Laws survey is authored by Amy Lerman and Audrey Davis, with support from Jenna Horowitz, Erin
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PE Firms Rebrand Prison Healthcare Companies, But Care Issues Continue
What You Should Know: - A new report, “Private Equity Firms Rebrand Prison Healthcare Companies, But Care Issues Continue,” by the Private Equity Stakeholder Project (PESP) focuses on healthcare company Wellpath and the regulatory risks that the company continues to take in local jails and prisons. - Wellpath is owned by private equity firm H.I.G. Capital and is among the largest healthcare companies serving U.S. prisons and jails. Wellpath has had a litany of staffing and access to
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Telehealth: Addressing The Mental Health Crisis in Kids
Children in America were increasingly struggling with mental health before COVID-19, but the pandemic compounded an already growing crisis. Today in the U.S., nearly one in five children experience a mental health disorder. What’s just as alarming is that for every five children with a mental health disorder, only one will receive treatment. In October 2021, leading pediatric healthcare associations declared a national emergency in child and adolescent mental health. This declaration was a
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HLTH22: 6 Digital Health Executives Share Key Takeaways
We reached out to six digital health executives for their key takeaways and reflection from attending the recent HLTH22 conference. Sunny Kumar, MD, Partner at GSR Ventures, a $3B AUM venture firm investing in early-stage digital health companies. The most fascinating element of HLTH 2022 were the concurrent contrasts. Set against a challenging macroeconomic environment with decreases in venture funding and near-daily headlines of large layoffs cutting across the tech ecosystem,
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Cognoa Appoints Former CMO, Dr. Sharief Taraman as CEO
What You Should Know: - Cognoa, a pediatric behavioral health company appoints Dr. Sharief Taraman as Chief Executive Officer. Dr. Taraman previously served as Cognoa’s Chief Medical Officer and brings nearly two decades of clinical specialization in neurodevelopmental conditions, clinical informatics, and business acumen. - Dr. Taraman served as the company’s Chief Medical Officer since 2017, leading clinical evidence generation and regulatory milestones of Canvas Dx and those resulting
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