New Directions Combines with Tridiuum to Create Industry-Leading Technology-Enabled Behavioral Health Company
Enhancing Member Experience: By seamlessly integrating best in class care management with Tridiuum’s leading technology platform, New Directions’ dedicated representatives can deliver timely behavioral health assessments that are quick and easy, further simplifying the member experience while expanding the number of untreated and undertreated members in care.
Ensuring Provider Quality and Demonstrating Outcomes: With the ability to now support clinical performance and utilize population analytics, New Directions can maximize network quality and enable value-based contracting, resulting in better clinical outcomes.
Building on Existing Partnerships This transaction builds on the recent successful partnership between New Directions and Tridiuum through their Florida-based program, which launched in December 2021. As of January 14, 2022, five weeks since the partnership began, more than 450 individuals have been screened, with the average speed to first appointment standing at approximately four days. This compares to the current standard of care average of 25 days, with the most challenging timelines exceeding 90 days for a first appointment. Already, more than 100 provider practices have joined the program in its first phase bringing meaningful brick and mortar options, as well as a significant national virtual presence to New Directions’ members. Ms. Hoffman added, “We’ve only scratched the surface through our partnership with Tridiuum. To now be able to fully integrate Tridiuum’s suite of solutions with our existing care navigation and human services capabilities and go-to-market with a combined offering will be game-changing for our members and the behavioral health ecosystem.” Offerings For those interested in more information about New Directions’ offerings, please contact communications@NDBH.com. Advisors Moelis & Company LLC is acting as financial advisor to New Directions and Foley & Lardner LLP is acting as legal advisor. Ziegler is acting as financial advisor to Tridiuum, and Morgan Lewis LLP is acting as legal advisor. About New Directions Behavioral Health New Directions improves access to quality behavioral healthcare through a comprehensive suite of coordinated behavioral health services. The company reaches over 15 million individuals across the nation, in partnership with health plans, employers and higher education institutions. Leveraging more than 25 years of experience, New Directions delivers an integrated approach to whole-person care with a commitment to innovation that puts members first. Learn more at ndbh.com. About Tridiuum Tridiuum is a digital behavioral health company and network management partner that bridges the gap between patients, payers, and providers to improve access and follow-up care for members in need. The company’s flagship platform, Tridiuum ONE®, combines nearly 20 years of behavioral health research and clinical expertise with cutting-edge technology to power behavioral health operations and workflows to advance patient outcomes. To learn more, visit www.tridiuum.com.
Joele Frank, Wilkinson Brimmer Katcher
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