What You Should Know:
- Grow Therapy, a mental health technology company focused on provider-centric care, raises $88M in Series C funding led by Sequoia Capital. The round included participation from Growth Equity at Goldman Sachs Alternatives, PLUS Capital, and a unique group of celebrity investors including Anna Kendrick, Lily Collins, and prominent athletes.
- The funding fuels Grow Therapy's mission to make high-quality mental healthcare accessible to all.
Building a More
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Behavioral Health | News, Analysis, Insights - HIT Consultant
Verily Powers Otsuka’s Longitudinal Registry to Advance Mental Health Research
What You Should Know:
- Otsuka Pharmaceutical Development & Commercialization, Inc. (Otsuka), a global pharmaceutical company, and Verily Life Sciences LLC (Verily), a precision health technology company, have teamed up to launch a groundbreaking research initiative called "My Mental Health Journey."
- The longitudinal registry study aims to significantly enhance our understanding of depression and other mental health conditions.
The Power of Real-World Data
My Mental
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Illinois Teens Gain Free Access to Mental Health Support Through Kooth Digital Health
What You Should Know:
- Kooth Digital Health, a platform for youth mental health and well-being, has partnered with Aetna Better Health® of Illinois to provide free mental health resources to thousands of teens and young people in the state. This one-year collaboration aims to address the critical need for accessible mental health care for Illinois youth.
- The partnership builds on Kooth's successful track record. Over 17 million people worldwide currently have access to Kooth's platform,
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InStride Health Secures $30M to Expand Access to Pediatric Mental Healthcare
What You Should Know:
- InStride Health, a leader in outpatient treatment for childhood anxiety and OCD closes oversubscribed $30M Series B funding round led by General Catalyst with participation from existing investors .406 Ventures, Valtruis, Mass General Brigham Ventures, and Hopelab Foundation.
- The latest investment brings InStride Health's total funding to $56M and will help fuel the company's mission of providing high-quality, accessible mental healthcare to young
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Brightside Health Secures $33M to Expand Access to Mental Healthcare
What You Should Know:
- Brightside Health, a teletherapy provider for depression, anxiety, and other mood disorders, raises $33M in Series C funding led by S32.
- The funding round, which included participation from existing investors alongside new partners like Kennedy Lewis, Time BioVentures, and Anne Wojcicki's Redwood Pacific, will fuel Brightside Health's expansion plans.
- The funding comes on the heels of the company's recent expansion into Medicaid and Medicare programs, along
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New Study Shows Promise for Voice-Based Mental Health Monitoring
What You Should Know:
- A new study by Sonde Health reveals vocal biomarkers can be a reliable indicator of mental health. The research, published in Frontiers in Psychiatry, highlights the potential of Sonde's mental fitness vocal biomarker (MFVB) platform to complement traditional mental health assessments and improve self-monitoring.
- Sonde’s MFVB technology has already been integrated into consumer health monitoring apps, life insurance health apps, consumer audio wearables, and
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Israeli Hospital Develops Generative AI Platform to Improve Mental Healthcare Access
What You Should Know:
- Sheba Medical Center, a leading Israeli hospital, is collaborating with ARC Innovation Center and KPMG to develop a generative AI platform named "Liv" aimed at transforming mental healthcare accessibility.
Mental Health Crisis
The project is driven by the urgent need to address the global mental health crisis, significantly worsened by COVID-19 and other recent events. The lack of qualified mental health professionals creates a bottleneck in the system, leaving
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FamilyWell Secures $4.3M to Combat Maternal Mental Health Crisis
What You Should Know:
- FamilyWell Health, a company dedicated to improving maternal mental health, announced today they have secured $4.3 million in seed funding led by .406 Ventures, with participation from GreyMatter Capital and Mother Ventures.
- The funding will fuel FamilyWell's national expansion, tackling the crucial issue of maternal mental health. An alarming statistic reveals that 1 in 5 women in the United States experience postpartum depression, yet access to treatment remains
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Brightside Health Expands Medicaid & Medicare Access for Telemental Health Coverage
What You Should Know:
Brightside Health today announced new and expanded payer partnerships to support Medicaid and Medicare. The news comes just months after the company – which serves individuals with mild-to-severe clinical depression, anxiety, and other mood disorders – shared that it would begin serving 50 million Medicaid and Medicare beneficiaries. These underserved populations will have access to all of Brightside Health’s life-saving mental health care
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SAMHSA and ONC Invest $20M in Behavioral Health IT Initiative
What You Should Know:
- The Substance Abuse and Mental Health Services Administration (SAMHSA) and the Office of the National Coordinator for Health Information Technology (ONC) announced they are joining forces to invest over $20 million in a groundbreaking initiative to improve health information technology (IT) adoption and capabilities in behavioral healthcare settings.
- The strategic collaborative effort, aligned with the HHS Roadmap for Behavioral Health Integration and the
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