What You Should Know:
- Legion Health, a Y Combinator-backed digital mental health startup, has secured $6.3M in seed funding to support its evolution from a marketplace platform to a full-fledged digital psychiatry practice.
- The Austin-based company is leveraging AI to enhance efficiency, improve patient care, and address the challenges faced by both providers and patients in mental healthcare.
From Marketplace to Digital Practice
Legion Health initially focused on
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Mental Health
The Importance of Patient/Provider Matching in Combating the Youth Mental Health Crisis
With rising rates of loneliness, isolation and an alarming increase in suicide, the mental health crisis faced by youth in the United States requires urgent attention and innovative solutions. This has become a priority across many parts of healthcare, as recent research from the U.S. Surgeon General focuses on both the short- and long-term effects of these challenges and further highlights the need for effective mental health care for children and teens. One key factor in addressing this crisis
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Talkspace Partners with Amazon to Expand Access to Mental Healthcare
What You Should Know:
- Talkspace, an online behavioral health care provider, today announced a strategic partnership with Amazon Health Services to raise awareness and increase the accessibility of its mental health care services on Amazon.com.
- The collaboration marks Talkspace as the first virtual behavioral health provider to join Amazon's program, enabling individuals to discover and enroll in their health insurance benefits for mental health services at no additional
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How AI Bridges The Gap Between Mental Health Appointments
The causes and effects of America’s mental health crisis are well-documented. Easing access to necessary clinical help has not grown in tandem.
A study by the National Council for Mental Well-Being reveals that mental health services in the U.S. are insufficient despite more than half of Americans (56 percent) seeking help, with limited options and long waits becoming the norm. In some ways, meeting patients where they are is optimized, thanks to telehealth tools such as Zoom
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The Importance of Between-Visits Appointments and Mental Health
The causes and effects of America’s mental health crisis are well-documented. Easing access to necessary clinical help has not grown in tandem.
A study by the National Council for Mental Well-Being reveals that mental health services in the U.S. are insufficient despite more than half of Americans (56 percent) seeking help, with limited options and long waits becoming the norm. In some ways, meeting patients where they are is optimized, thanks to telehealth tools such as Zoom
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LLMs Outperforms Clinicians in Predicting Mental Health Crises, Study Reveals
What You Should Know:
- Brightside Health, a telemental health company released research demonstrating the potential of large language models (LLM) in predicting mental health crises.
- The study, published in JMIR Mental Health, compared the performance of OpenAI's GPT-4 to human clinicians in identifying patients at risk of suicide.
Study Background and Key Findings
The research analyzed data from over 460 patients, including those who had reported suicidal ideation
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Spring Health Raises $100M for Mental Health Platform, Reaching $3.3B Valuation
What You Should Know:
- Spring Health, a mental healthcare platform raises $100M in Series E funding round, bringing its valuation to $3.3B. The round was led by Generation Investment Management, with participation from existing investors Kinnevik, William K Warren Foundation, RRE, and Northzone.
- The new funding will enable Spring Health to expand its reach, enhance its technology platform, and deepen its commitment to delivering exceptional mental healthcare. The company plans to
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INVI Mindhealth Closes $1.5M for Digital Mental Health Solutions
What You Should Know:
- INVI MindHealth, a leading mental health technology company raises $1.5M in Series Seed funding round. This investment will fuel advancements in their mobile application, focusing on user experience and integrating expert content on various mental health topics and solutions.
- Additionally, funds will be allocated to developing "Overwatch," a robust dashboard tool designed to empower team leaders in monitoring and supporting their members'
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Telepsychiatry Practice Talkiatry Secures $130M to Expand Value-Based Mental Healthcare Model
What You Should Know:
- Talkiatry, a leading provider of high-quality, in-network psychiatric care raises $130M led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors and debt financing from Banc of California.
- Talkiatry boasts in-network status with over 60 health plans, including major insurers like Aetna, Blue Cross Blue Shield, and United Healthcare. This covers over 70% of commercially insured individuals in the US.
- With this new
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LunaJoy, Ollie Hinkle Partner on Holistic Mental Health Services for Heart Patients
What You Should Know:
- The Ollie Hinkle Heart Foundation (OHHF), a leading non-profit organization dedicated to supporting individuals with childhood-onset heart conditions and their families, today announced a national partnership with LunaJoy Health, a women’s mental health company supporting clinical operations and patient risk
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