PsychPlus has assumed administrative oversight of Minnesota Mental Health Clinic as its new management services organization.
Houston, Texas-based PsychPlus will deploy its homegrown tech stack, Galaxy, which includes an electronic health record, scheduling, documentation and billing systems. The companies hope to reduce administrative burdens on clinicians and increase caseloads by integrating Galaxy with the clinical practice’s workflows.
“Partnering with PsychPlus gives our teams better tools, reduces the administrative burden of delivering care, and creates opportunities to bring these specialized services to more people across the region,” Minnesota Mental Health Clinic President and CEO John Doyle said in a news release. “It’s an important step forward for our clinicians and the communities we serve.”
Minnesota Mental Health Clinic has 100 providers across 11 clinics in its namesake state. outpatient therapy, psychiatric medication management, intensive outpatient programs (IOP), and specialized programs for serious mental illness, trauma, as well as women’s and perinatal mental health.
This comes after PsychPlus announced that it acquired Precision Psychiatric Services Inc., a practice with over 100 psychiatrists.
PsychPlus operates an outpatient network of about 120 clinics across 30 states, alongside its psychiatric hospitalist services.
“By bringing together their established clinical programs and our technology-enabled infrastructure, we’re creating opportunities to expand access, strengthen care coordination, and support clinicians in delivering high-quality care at scale,” PsychPlus Founder and CEO Dr. Faisal Tai said in the release.
M&A in the behavioral health industry has been a bit slow this year. The mental health industry, however, has bucked that trend and remains the most active space for dealmaking. Buyers and investors are still interested in the space, especially in consolidation, but are much more interested in putting bets behind organizations that have demonstrated clinical and operational quality.
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