Behavioral Health Business March 12, 2024
Last week Cigna’s (NYSE:CI) health service division Evernorth furthered its reach into the mental health sector with the launch of a new behavioral health group.
The hybrid behavioral health group, launched with over 1,000 clinicians, will focus on value-based and measurement-based care. Using virtual provider Octave’s technology suite, Evernorth plans to fully scale the service by 2025.
This move is part of a larger trend by payers to expand their reach into behavioral health through their health service divisions. For example, UnitedHealth Group’s health service division Optum acquired behavioral health provider Refresh Mental Health in 2022, and Elevance (NYSE: ELV) acquired Beacon Health Options (now Carelon Behavioral Health) in 2020.
Behavioral Health Business sat down with Eva Borden, president of...
Today's Sponsors
Today's Sponsor