in the midst of controversy surrounding the digital mental health company’s prescribing practices and a week after it replaced its ceo, cerebral revealed a transformation plan focused on growth and patient experience. the new plan comes a week after cerebral announced that former ceo and cofounder kyle robertson was leaving the company and would be replaced by dr. david mou, who has served as the company’s chief medical officer. last week, the embattled company also confirmed to insider that it would stop prescribing most controlled substances.
in his suit, he said cerebral’s goal was to prescribe medication to all of its adhd patients to increase retention and that the company didn’t prioritize investigating duplicate shipping addresses in its patient database. the company said it believed the claims in the lawsuit were “without merit. meanwhile, mental health technology startups saw a large increase in investment last year, and cerebral was no exception. “this transformation program reflects a renewed focus on strengthening the foundations of cerebral,” ceo dr. david mou said in a statement.
health insurer aetna is canceling its in-network contract with cerebral in august, the mental health startup’s ceo told employees on wednesday. cofounder and ceo kyle robertson was ousted by the board last month and employees are bracing for a round of layoffs. on thursday, a spokesperson for aetna’s parent company cvs health confirmed the decision to terminate the contract was motivated by the controlled substance prescribing issues.
“we will assist aetna members with the transition of their care to new providers so that they can get the services they need.” in addition to cvs health, walmart and the online pharmacy truepill have stopped filling controlled substance prescriptions for cerebral patients. cerebral was considered in-network with aetna in 45 states, according to a list posted on the company’s website. a cerebral spokesperson previously said the company is “continuing to cooperate with the doj in this investigation.” last week, mou told cerebral employees that planned layoffs at the company were unrelated to the issues around controlled substance prescribing. “the company is in good shape,” he said at an employee town hall.
cerebral offers online medication prescription, care counseling and treatment for anxiety, depression and insomnia. includes doctor’s visits and medication cerebral is a mental health subscription that provides clients with ongoing, comprehensive access to online care and medication management for a monthly in a statement, cerebral executives said the company provides comprehensive, online mental health services for depression, anxiety, ptsd, attention-deficit/, cerebral adhd medication, cerebral adhd medication, cerebral reviews adhd, does cerebral prescribe adderall, does cerebral prescribe adderall reddit.
cerebral announces transformation plan amid controlled substance scrutiny. the program comes a week after the digital mental health company health insurer aetna is canceling its in-network contract with cerebral in august, the mental health startup’s ceo told employees on the san francisco-based startup was valued at $4.8 billion after a $300 million funding round led by softbank last december. cerebral offers, cerebral adderall, cerebral medication side effects, getcerebral, cerebral therapy.
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