Private equity funding in behavioral health, which had been hitting record levels even before the pandemic, continues to hum along as COVID-19 has forced providers to adapt their business models, reports Behavioral Health Business.
And one area of behavioral health that has caught the eyes of private equity is the hybrid care model of in-person and virtual services.
Americans have been expressing a desire to continue using telehealth services, which have been estimated to have generated approximately 38 times more volume than they had before the onset of the pandemic. Additionally, the Centers for Medicare and Medicaid Services recently expanded its reach for telehealth when it announced that it would lift billing restrictions in 2022 to allow Medicare recipients access to services. Read more.
