Several behavioral health-focused public companies raised their earnings and revenue forecasts for 2023. Industry headwinds, including a more favorable workforce environment, the steady demand for services, and payer rate increases, have led to several companies, including Talkspace Inc. (Nasdaq: TALK), LifeStance Health Group Inc. (Nasdaq: LFST) and Acadia Healthcare Co. Inc. (Nasdaq: ACHC) to raise their revenue forecast, Behavioral Health Business reports.
Positive payer trends in the market reflect the imbalance of high demand and a limited supply of behavioral health services. Still, companies need to execute well to convert demand into financial success. Read more.
