Today's Top 20 Stories
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The mental health apps expected to drive 240% market growth by 2028
The mental health app market is projected to be valued at $9.9 billion by 2028, an increase of about 240 percent from 2021's value of $4.1 billion, according to a report by Vantage Market Research. -
Private equity firm to acquire Action Behavior Centers valued at $840M
Boston-based equity firm Charlesbank Capital Partners is said to have won an auction to acquire Action Behavior Centers, a therapy provider based in Austin, Texas, that is valued at $840 million, Behavioral Health Business reported Aug. 17. -
CMS wants new annual state reports to gauge healthcare disparities
CMS proposed a mandatory annual report from each state on the quality of their Medicaid and the Children’s Health Insurance Program services to identify healthcare gaps and disparities.
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62% of Medicare Advantage members unsatisfied with mental health coverage, study finds
Only 38 percent of Medicare Advantage subscribers said their plan provides enough mental health coverage, a survey conducted by J.D. Power found. -
UnitedHealth donates $11M to support behavioral healthcare, community services
UnitedHealthcare is awarding $11 million in grants to 11 states to support individuals and families dealing with behavioral health issues, isolation and food insecurity. -
Startup linking therapists, clinical supervisors scores $14M in funding
Motivo Health, a service that connects therapists who need clinical supervision to support their licensure with online clinical supervisors, has raised $14 million in series A funding. -
Average monthly cost of 7 common antidepressants
Here is a list of the average wholesale cost of a 30-day supply of seven widely prescribed antidepressants and their generic equivalents:
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CVS, Walgreens, Walmart must pay $650M to 2 Ohio counties for roles in opioid epidemic
CVS, Walgreens and Walmart must pay two opioid-ravaged Ohio counties $650.5 million for the companies' part in fueling the opioid epidemic there, The New York Times reported Aug. 17. -
Psychiatrists' average income grew 4% last year, Medscape reports
The average net worth of psychiatrists in 2022 was $287,000, a 4 percent increase from last year's average of $275,000, according to a report published by Medscape. -
How the AMA is tackling physician mental health issues
The American Medical Association is working to fight systemic healthcare industry practices and policies that have led to over half of practicing physicians experiencing burnout and other mental health issues. -
South Florida mental health center earns Joint Commission gold seal
The Sylvia Brafman Mental Health Center in Tamarac, Fla., has earned The Joint Commission's gold seal of approval accreditation.
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Massachusetts' mental health overhaul: 11 things to know
Massachusetts Gov. Charlie Baker signed an expansive mental health bill into law, ABC affiliate WCVB reported Aug. 10. -
EvolvedMD named to Inc. 5000 'Fastest Growing Private Companies' list
Behavioral health integration company EvolvedMD was named to the 2022 Inc. 5000 list of the fastest growing private companies in the U.S. -
Mental health app Calm lays off 20% of staff
Meditation and wellness app company Calm.com laid off 20 percent of its staff, which a former employee claims is to cut costs, the Wall Street Journal reported Aug. 11. -
The American Psychiatric Association's stance on 6 mental health issues
An overview of the American Psychiatric Association's official position on six big mental health issues in the U.S. -
It's time for behavioral health to adopt measurement, says CEO
Measurement-based care has been shown to produce better outcomes than usual standard care, which does not involve measurement. But multiple studies have shown a majority of behavioral health clinicians still do not use measurement-based care. -
Behavioral health tops UPMC community assessment priorities
University of Pittsburgh Medical Center published action plans to address its most significant healthcare needs. -
Selena Gomez's mental health startup scores $5M funding
Wondermind, a multimedia wellness startup, nabbed $5 million in series A funding, Entrepreneur magazine reported Aug. 12. -
48% growth seen among mental health providers in network with commercial insurers
The number of in-network mental health providers among commercial health plans has increased by 48 percent over the last three years, a survey of health insurance providers published by America's Health Insurance Plans found. -
Indiana trying out mental health program at 5 county jails
Indiana has debuted a pilot program that provides mental health support to five county jails, Indiana news source Local News Digital reported Aug. 15.
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