What You Should Know:
– LunaJoy Health, a FemTech company dedicated to improving women’s mental health, has announced the launch of LunaCare, a novel integrated care program specifically focused on maternal mental health.
– The initiative is backed by $4.2M in fresh funding from a distinguished group of investors, including Y Combinator, FoundersX Fund, and Goodwater Capital.
Addressing Disparities and Transforming Care
LunaJoy Health’s mission is to eliminate disparities in women’s mental healthcare, particularly for underserved communities. The launch of LunaCare aligns perfectly with this goal, aiming to improve outcomes in maternal mental health. This initiative is especially timely, coinciding with the Centers for Medicare & Medicaid Services’ (CMS) upcoming launch of the Transforming Maternal Health Model (TMaH). This government program aims to bolster infrastructure and improve maternal mental healthcare quality and safety for vulnerable populations.
LunaCare: A Natural Extension of National Efforts
LunaCare is a natural extension of the TMaH program’s goals. It provides a conduit to reach more communities of color by offering a tech-enabled care model that extends beyond traditional brick-and-mortar limitations. LunaCare empowers primary care physicians to address their patients’ mental health needs directly within their existing workflow. This is achieved through LunaJoy’s platform and services, creating a seamless integration of mental healthcare into routine primary care.
Financial Backing Fuels Expansion and Innovation
The recent funding empowers LunaJoy Health to strategically roll out LunaCare across select communities, with plans for further expansion into new markets. Additionally, these resources will be used to integrate advanced technological solutions. These advancements aim to enhance care coordination, patient monitoring, and ultimately ensure mothers receive timely and personalized mental health care.
Availability & Insurance Coverage
LunaJoy Health currently partners with over 15 insurance payers and operates in more than a dozen states. This extensive network positions them to deliver LunaCare to a significant portion of the population in need.
“The support from our investors, coupled with the current focus on maternal health improvements through TMaH funding, sets the stage for the change we so badly need to see across the industry,” said Sipra Laddha, CEO of LunaJoy Health. “Mental health is a lifetime pursuit, and we want to design a way to engage and support women with a variety of needs and varying degrees of risk. By using technology, we can measure and treat symptoms more effectively, delivering a better service model to meet rising demand and a shortage of therapists in the U.S.”
