Beacon Health Options
Carelon Behavioral Health, formerly Beacon Health Options, is a managed behavioral health services platform serving health plans, employers, and government agencies. It delivers care coordination, crisis intervention, and specialty mental health services to more than 61 million people as part of the Carelon ecosystem.
- Company typePrivate
- Founded2014
- HeadquartersBoston, United States
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Beacon Health Options does
Carelon Behavioral Health, formerly Beacon Health Options, is a managed behavioral health services platform operating as part of the Carelon services arm of Elevance Health. The company delivers behavioral health benefits administration, care coordination, utilization management, and crisis intervention under at-risk managed care arrangements for health plans, self-insured employers, and federal and state government agencies. Its product portfolio spans specialty care services for complex mental health and substance use conditions, a Crisis Solutions center of excellence with 24/7 intervention capabilities, Carelon Wellbeing digital wellness tools, Workforce Mental Health Complete for employer populations, and Carelon Health Federal Services for government clients. Provider engagement is supported through web-based provider portals offering medical necessity criteria, clinical practice guidelines, and administrative tools.
The underlying technology is a digital behavioral health platform with integrated care coordination systems, augmented by integration with the broader Carelon ecosystem—specifically CarelonRx for pharmacy services and CarelonResearch—enabling whole-person care across physical and mental health. The company emphasizes evidence-based, customizable solutions and reports decades of experience serving more than 61 million people across the United States.
Go-to-market is exclusively enterprise: contracted relationships with health insurance plans, self-insured employers, and government agencies. Services are delivered through a contracted provider network of therapists, psychiatrists, and facilities, supplemented by digital platforms and crisis call infrastructure. The company employs between 1,001 and 5,000 people and is headquartered in Boston. Russell T. Kopp serves as Senior Vice President of Finance, the only named executive in the available data. No revenue figures, funding history, or M&A activity are disclosed in the source material.
Beacon Health Options firmographics
Firmographics- Name
- Beacon Health Options
- Legal name
- Carelon Behavioral Health
- Website
- https://beaconhealthoptions.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Carelon Behavioral Health, formerly Beacon Health Options, is a managed behavioral health services platform serving health plans, employers, and government agencies. It delivers care coordination, crisis intervention, and specialty mental health services to more than 61 million people as part of the Carelon ecosystem.
- Ownership category
- akta.pro rank
Beacon Health Options industry classification
Industry- Product category
- Managed Behavioral Health Services
- NAICS
- Outpatient Mental Health and Substance Abuse Centers (621420), Offices of Physicians, Mental Health Specialists (621112), Individual and Family Services (6241)
- SIC
- Services-Health Services (8000), Services-Social Services (8300)
- akta.pro primary industry
- Behavioral Health Benefit Administration (MBHO Core) (HLAEAHAA)
- akta.pro secondary industries
- Behavioral Health Crisis Services Management (988/Hotlines/Mobile Crisis Coordination) (HLAEAHAK), Healthcare-Linked Social Benefits Administration (e.g., Medicaid/Means-Tested Health Coverage) (BPAIAKAH), Community Mental Health Centers (CMHCs) & Public Behavioral Health Providers (HLAFACAI)
Keywords
Where Beacon Health Options is headquartered
LocationHeadquarters
- HQ city
- Boston
- HQ country
- United States
- HQ region
- North America
Markets served
Beacon Health Options business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others
Revenue model
- Managed Behavioral Health Services: Provides behavioral health administrative services and care management to health plans, self-insured employers, and government programs under at-risk managed care arrangements
Go-to-market motion1 record
Distribution channels4 records
Marketing channels2 records
Beacon Health Options product offering
Product offeringCore offering
Beacon Health Options, now operating as Carelon Behavioral Health, provides managed behavioral health services to health plans, employers, and government agencies. The company administers behavioral health benefits, coordinates care across the behavioral health continuum, and operates crisis response services, employee assistance programs, and specialty care management for more than 61 million members across all 50 U.S. states.
Product overview
Carelon Behavioral Health (formerly Beacon Health Options) is a comprehensive behavioral health platform offering integrated whole-person care solutions. The portfolio includes core specialty care services, crisis solutions through a center of excellence, Carelon Wellbeing digital wellness tools, federal health services, and Workforce Mental Health Complete employer programs. The platform serves health plans, employers, government agencies, and individuals (children, teens, and adults), leveraging advanced digital tools and evidence-based practices to address mental health and substance use needs across populations.
Differentiator
Problem solved
Functional benefit
Brands
- Carelon Behavioral Health: The primary brand name under which behavioral health services are currently offered.
- Carelon Wellbeing
- Workforce Mental Health Complete
- Carelon Health Federal Services
- Crisis Solutions
Products and services
- Carelon Behavioral Health Managed behavioral health benefits administration and care coordination platform for health plan members, providing access to behavioral health providers, utilization management, and integrated care.
Companies that use Beacon Health Options
Customer profileSegments4 records
Ideal customer profiles3 records
Beacon Health Options technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Beacon Health Options partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- OptumminorOptum has been acquiring behavioral health providers as part of its payvider strategy in the behavioral health space. This represents competitive market activity rather than a direct partnership for Beacon/Carelon.
- Elevance HealthminorElevance Health (formerly Anthem) has been pursuing payvider acquisitions in behavioral health as part of vertical integration strategy. This represents competitive market activity rather than a direct partnership.
- CignaminorCigna has been involved in payvider model expansion in behavioral health through acquisitions and partnerships. This represents competitive market activity rather than a direct partnership for Beacon/Carelon.
- CarelonRx (Pharmacy Services)coreCarelon Behavioral Health is part of the Carelon ecosystem that includes CarelonRx (pharmacy services), enabling integrated behavioral health and pharmacy solutions. This integration supports whole-person care delivery.
Scale indicators1 record
Recent moves6 records
Expansion highlights5 records
Beacon Health Options competitors and assessment
Company assessmentEmerging players
- Spring Health: Employer-focused mental health platform with precision-matched provider routing; competes for the same self-insured employer contracts as Carelon's workforce and wellbeing solutions.
- Modern Health: Global mental health platform combining therapy, coaching, and digital tools for employers; a digital-first competitor targeting the same enterprise buyer as Carelon Wellbeing.
- Lyra Health: Digital-first workforce mental health platform competing directly with Workforce Mental Health Complete and Carelon Wellbeing for self-insured employer RFPs; representative of the digital-native disruptors pressuring legacy MBHOs.
Broad incumbents
- Evernorth Behavioral Health: Cigna's health services arm offering MBHO, EAP, and workforce mental health solutions; competes directly with Carelon on employer and health plan RFPs and pursues the same payvider integration strategy.
- Humana Behavioral Health: Health plan-owned MBHO with comparable Medicare and commercial behavioral administration capabilities; competes for similar contracts and is pursuing parallel vertical integration in primary and behavioral care.
- Centene Corporation: Largest Medicaid managed care insurer with significant behavioral health administration across government programs; a primary competitor in state Medicaid and federal contract bids where Carelon Federal Services also competes.
- Aetna Behavioral Health: CVS Health-owned MBHO serving commercial and government members with integrated pharmacy; comparable to Carelon Behavioral Health in scope and in pairing behavioral administration with broader health services capabilities.
- Optum Behavioral Health: Largest U.S. MBHO embedded in UnitedHealth Group; competes head-to-head with Carelon Behavioral Health on health plan, employer, and government contracts and shares the same at-risk managed care economics and Carelon-style vertical integration thesis.
Direct peers
- Magellan Health: Direct MBHO competitor with similar behavioral health administration, EAP, and government program capabilities; now owned by Centene, the Magellan platform is the closest functional analog to Carelon Behavioral Health's pre-Elevance form.
- Lucet (New Directions Behavioral Health): MBHO offering behavioral health administration, EAP, and integrated care for health plans and employers; a direct functional peer in the same managed-care behavioral administration category.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights6 records
Customer concentration
Beacon Health Options social profiles
Digital presenceBeacon Health Options financial estimates
Financial estimateRevenue estimate
Valuation estimate
Beacon Health Options leadership team
Management profileNumber of profiles
Profiles1 record
Beacon Health Options funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Beacon Health Options M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Beacon Health Options
What does Beacon Health Options do?
Beacon Health Options, now operating as Carelon Behavioral Health, provides managed behavioral health services to health plans, employers, and government agencies. The company administers behavioral health benefits, coordinates care across the behavioral health continuum, and operates crisis response services, employee assistance programs, and specialty care management for more than 61 million members across all 50 U.S. states.
Is Beacon Health Options a public or private company?
Beacon Health Options is a private company. It is classified as corporate owned and is currently operating.
When was Beacon Health Options founded?
Beacon Health Options was founded in 2014. It employs 1,001 to 5,000 people.
Where is Beacon Health Options based?
Beacon Health Options is headquartered in Boston, United States, in the North America region.
How does Beacon Health Options make money?
One revenue line is on record: managed Behavioral Health Services.
Who are Beacon Health Options's main competitors?
Emerging players on record are Spring Health, Modern Health and Lyra Health. Broad incumbents are Evernorth Behavioral Health, Humana Behavioral Health, Centene Corporation, Aetna Behavioral Health and Optum Behavioral Health. Direct peers are Magellan Health and Lucet (New Directions Behavioral Health).
Does Beacon Health Options have an API?
No public API is recorded for Beacon Health Options.
What industry is Beacon Health Options in?
Beacon Health Options's product category is Managed Behavioral Health Services. Its primary akta.pro industry code is HLAEAHAA, Behavioral Health Benefit Administration (MBHO Core), with a secondary code of HLAEAHAK, Behavioral Health Crisis Services Management (988/Hotlines/Mobile Crisis Coordination). Its NAICS code is 621420 and its SIC code is 8000.