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Behavioral Health | News, Analysis, Insights - HIT Consultant

Thirty Madison & Talkspace Partner to Expand Mental Health Access for Women

by Jasmine Pennic 04/25/2024 Leave a Comment

Thirty Madison & Talkspace Partner to Expand Mental Health Access for Women

What You Should Know:  - Thirty Madison, the company behind Keeps, Cove, and Nurx, announced a major partnership with Talkspace, a leading online therapy provider.  - The strategic collaboration aims to significantly expand access to comprehensive mental health services for over half a million women. Partnership Details Under the agreement, Talkspace becomes the recommended therapy partner for Thirty Madison's Nurx and Cove brands. Nurx, a leader in women's healthcare, and
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Two Chairs Raises $72M to Expand Access to Therapist Network

by Jasmine Pennic 04/18/2024 Leave a Comment

Two Chairs Raises $72M to Expand Access to Therapist Network

What You Should Know:  - Two Chairs, a leading innovator in behavioral health, has announced the closing of a $72 million Series C funding round led by Amplo with participation from Fifth Down Capital and others, bringing Two Chairs' total capital raised to $103 million.  - Founded in 2017, Two Chairs is dedicated to creating a world where everyone has access to exceptional mental healthcare. They are recognized as a top employer for therapists, boasting over 500 licensed
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Grow Therapy Secures $88M, Launches Enhanced Platform for Value-Based Mental Healthcare

by Jasmine Pennic 04/08/2024 Leave a Comment

Grow Therapy Secures $88M, Launches Enhanced Platform for Value-Based Mental Healthcare

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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Verily Powers Otsuka’s Longitudinal Registry to Advance Mental Health Research

by Fred Pennic 04/08/2024 Leave a Comment

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

by Jasmine Pennic 03/28/2024 Leave a Comment

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

by Jasmine Pennic 03/27/2024 Leave a Comment

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

by Fred Pennic 03/26/2024 Leave a Comment

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

by Jasmine Pennic 03/12/2024 Leave a Comment

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

by HIMSS24 Product Launches 03/11/2024 Leave a Comment

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

by Jasmine Pennic 02/27/2024 Leave a Comment

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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