The opportunity for market consolidation and partnerships focused on integrated physical and behavioral healthcare creates the potential for innovation in care delivery and reimbursement.

Providers are evaluating future investments in behavioral health services and driving the development of care delivery strategies, ranging from new partnerships to building internal capabilities. Payers are viewing behavioral health as an area of opportunity to improve quality and manage complex conditions and are considering ways to more closely integrate their physical and behavioral health networks. Private equity firms are identifying opportunities for continued investment and consolidation, not only in clinical services but also for behavioral health technology solutions: digital treatment, digital therapeutics, and nonclinical behavioral health apps for meditation and wellness.