Market Watch
A snapshot of what’s happening across the industry—a one-stop source for key developments across policy and regulatory changes, service and treatment innovations, technological advancements, industry recognition and accreditation, mergers and acquisitions, leadership shifts, and more.
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Thatch Raises $108 Million At $1 Billion Valuation As Employers Shift Away From Traditional Health Plans
October 13, 2026Thatch Health raised $108 million in funding at a $1 billion valuation. The round was led by The General Partnership, Index Ventures, General Catalyst, and Andreessen Horowitz, with participation from ADP Ventures, Paychex, Eli Lilly and Company, Scale Venture Partners,… -
Shields Health Solutions Brings Clinical Teams & AI Together To Deliver Connected Performance Across The Specialty Care Continuum
October 13, 2026Shields Health Solutions (Shields), a specialty pharmacy operating partner to over one-third of health systems nationwide, announced the evolution of its integrated care model. The enhanced model introduces a new layer of AI and informed automation to its industry-leading clinical… -
Spring Health Opens ‘VERA-MH Harm-From-Others’ Safety Rubric For Public Comment
October 13, 2026Spring Health, a global mental health company built on one artificial intelligence (AI)-native platform, expanded the Validation of Ethical and Responsible AI in Mental Health (VERA-MH), open-source AI safety benchmark for mental health, into a second clinical safety area: harm… -
Pelago Launches Virtual Behavioral Health Platform For Co-Occurring Substance Use & Mental Health Disorders
October 13, 2026Pelago, which provides specialty substance use care, announced the Pelago Behavioral Health Platform to facilitate treatment for co-occurring substance use disorder and mental health conditions within a single plan. The Pelago Behavioral Health Platform is available to employers and health… -
Illinois Announces More Frequent Medicaid Provider Organization Revalidation
October 13, 2026The Centers for Medicare & Medicaid Services (CMS) has instructed states to require additional provider organization revalidations beyond those already scheduled. Provider organizations in affected categories will need to revalidate within an upcoming two-year cycle rather than on the standard… -
New Adult Day Services Program Opens In Kalispell, Montana To Support Seniors, Caregivers
October 13, 2026Easterseals-Goodwill Northern Rocky Mountain Inc. opened an adult day services center in Kalispell, Montana. The center is the organization’s first adult day services location outside Great Falls and will serve families caring for older adults and people with disabilities. The… -
San José, California Launches Pilot Connecting People In Crisis With Care
October 13, 2026The San José Fire Department (SJFD) will launch a Community Paramedicine pilot on October 1, 2026. The six-month pilot will establish a dedicated Mobile Care Unit to follow up with residents whose medical, behavioral health, substance use, or social service… -
Rightway Raises $155 Million As It Leads The Next Generation Of Pharmacy Benefits
October 13, 2026Rightway, a pharmacy benefit management (PBM) and care navigation company, announced that it raised $155 million in Series E financing. Francisco Partners led the round, with participation from existing investors Thrive Capital and Khosla Ventures. Rightway said it will use… -
Portage Raises A Record $2 Million To Overcome Addiction
October 13, 2026The Portage Foundation reported that the 23rd Soirée des Grands Philanthropes raised a record net total of $2 million for Portage programs across Quebec. The funds will support services for people with substance use disorders and their loved ones. Over… -
Deschutes County Breaks Ground On Youth Mental Health Facility In Redmond, Oregon
October 13, 2026On September 29, 2026, Deschutes County Health Services (DCHS) and community partners broke ground on a 16-bed, subacute residential mental health treatment facility for youth ages 12 to 17 in Redmond, Oregon. The facility is intended to address a shortage…
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