What You Should Know:
– Eleos Health, a digital health startup transforming behavioral healthcare with voice-based AI insights, today announced the close of $6M in seed funding to develop and launch their new category of automated health tech solutions that accelerate clinicians’ decision making led by aMoon Fund with participation from lool ventures, who led the company’s pre-seed round, and Gandyr Group, alongside Arkin Holdings, Geingels and former c-suite and executives from Google, MIT Media Lab, and Pegasystems. The ninth Secretary of the US Department of Veterans Affairs, Dr. David Shulkin has joined the company’s board.
– The company’s breakthrough AI-powered Speech-to-Insights system for clinicians ensures the provision of more accessible, efficient, personalized and time and cost-effective care. This new round of funding will be used to support the expansion of sales, marketing, and solution delivery teams needed to meet the demand for enterprise software deployments across providers and payors.
Powering the Future of Behavioral Health
Founded in 2020, Eleos Health’s co-founders Alon Joffe, Dror Zaide and Alon Rabinovich identified a substantial gap between the surge in demand for behavioral health service – a shortage of 4.5m behavioral health clinicians is forecasted by 2025* – coupled with the fact that clinicians’ best tool is still their notebook. Even pre-pandemic, clinicians were struggling with note-taking and admin-related tasks in this booming sector, and now an additional 35M US citizens are experiencing mental health conditions, creating crisis-level burnout rates for those treating patients. Bringing AI into behavioral care delivery workflows, Eleos enables therapists to reach 25% more patients by automating clinical administrative tasks. And, by leveraging one of the world’s largest therapy data-sets (over 1M minutes), Eleos is one of the first solutions to offer ambient voice analysis – translating the data into actionable feedback and providing real-time insights related to the clinical context.
Eleos delivers modern VoiceAI capabilities in an industry relatively untouched by technology, enabling clinicians and care teams to provide greater access to more personalized, effective care with dramatically improved outcomes. Eleos’s advanced VoiceAI technology securely runs in the background of behavioral health sessions, analyzing hundreds of data parameters within each session, to provide new actionable insights that enable clinicians to make data-informed decisions.
Traction to Date/Milestones
To date, Eleos has already deployed its solution with over a dozen leading provider organizations such as Solvista Health, Achieve, Yeshiva University and ReachLink who are all proactively addressing the growing burnout of staff. Providers are leveraging Eleos’ comprehensive therapy dataset- which is one of the largest in the world, containing more than 1,200,000 minutes of curated treatment encompassing over 14,000,000 in-session moments. Eleos’ solution translates this data into actionable feedback which clinicians can use to drive clinical and operational efficiencies. Eleos provides immediate value – optimizing clinicians’ workflows by auto-generating notes and automating clinical administrative tasks, enabling them to reach 25-40% more consumers and removing the bottleneck for greater access to care.