The first quarter of 2021 has been one of investor optimism as the vaccine rollout continues ahead of expectations and economic activity begins to accelerate in response. Within the Health IT industry, the already strong investment and M&A trends seen in 2020 have only accelerated. Over the course of the quarter, we observed $7 billion in private equity and venture capital investment across 158 companies. By comparison, Q1 of 2020 saw $3.2 billion and 127 investments. Health IT
Read More
Hurdle Secures $5M for Digital Mental Health Platform for People of Color
What You Should Know: - Washington, D.C.-based Hurdle raises $5M in seed funding to accelerate its digital mental health platform for people of color. - Hurdle aims to provide an innovative teletherapy solution for employers and insurers; aims to remove barriers to mental health care for People of Color by rooting its services in evidence-based methods of cultural humility. Hurdle (formerly Henry Health), a Washington, D.C.-based innovative digital mental health platform company,
Read More
Powered by Doctor on Demand, ArcBest Rolls Out Virtual Primary Care Health Plan to its 13k Employees
What You Should Know: - Publicly traded logistics company ArcBest announced its
deal with Doctor On Demand to introduce its virtual-first health plan to its
13,000 employees, who are largely "essential workers" as long-haul
truckers. - Employees appreciated the convenience and safety of 24/7 virtual care – from their homes, from the road – and ArcBest is now doubling down on virtual care for 2021 – and offering a holistic, virtual-first primary care health plan – one where patients see
Read More
NeuroFlow Partners with Wounded Warrior Project for Remote Behavioral Health Support
What You Should Know: - During National Caregivers Month, Wounded Warrior
Project and NeuroFlow are joining forces to raise awareness and access for
mental health by providing access to new technology tools and care options - There are 53 million Americans who are unpaid
caregivers to family, friends, neighbors and spouses. This shared burden is
also widespread in the military community as many veterans and their caregivers
battle silent burdens. NeuroFlow, the leader in
Read More
U.S. Airforce Awards $1.5M Contract to NeuroFlow to Increase Mental Healthcare Access
What You Should Know: - The U.S. Air Force has awarded NeuroFlow a $1.5M contract to leverage its digital integrated behavioral health solutions that will help counselors manage symptoms -- like trauma, depression, anxiety -- of Airmen remotely and in real-time. using journals and self-reported data insights. - The technology will support Air Force Medical Service (AFMS) in an effort to digitally enhance and reinforce the mental health of service members. It will also involve the 'risk
Read More
Lyra Health Reaches $1.1B Valuation After $110M Series D to Meet Demand for Teletherapy
What You Should Know: - Mental health benefits provider Lyra Health raises $110M
in Series D funding, bringing its valuation to $1.1 billion. - Lyra has grown significantly in 2020. So far this year,
the company has added more than 800,000 new members to the population eligible
to receive Lyra benefits, bringing its total member population to more than 1.5
million. - Amid, the COVID-19 pandemic, Lyra is focused on
expanding its enhanced teletherapy offering — Lyra Blended Care —
Read More
Ginger Lands $50M to Expand On-Demand Mental Health Support Platform
What You Should Know: - Ginger announces $50 Million in Series D funding to expand
access to its on-demand mental healthcare system led by Advance Venture
Partners and Bessemer Venture Partners; joined by Cigna Ventures and existing
investors. - Company has more than tripled revenue over the past year, now brings access to on-demand mental healthcare to millions around the world through 200+ employer clients and leading health plans. Ginger, a San Francisco, CA-based provider of
Read More
How A Virtual Therapist Could Help Overcome Mental Healthcare Demands in Uncertain Times
Over the last few months, our hopes and expectations for 2020 have certainly been halted. There was an air of optimism globally as we entered the New Year and a new decade, but now we have been plunged into a world of uncertainty with the spreading COVID-19 pandemic. Future unknowns, both from a human well-being perspective and an economic standpoint are starting to take a toll on many people’s mental health. Understandably, the situation we find ourselves in is creating concern and worry and
Read More
Report: How COVID-19 is a Blue Moon Moment for Mental Health Technology
What You Should Know: - Oxford VR publishes a new position paper ‘The Big Reset: Why COVID-19 presents a blue moon moment for mental health technology.’ - The white paper highlights how the coronavirus crisis has been a greater catalyst for the implementation of telecare in practice, than two decades of many brilliant, but many failed attempts too. Oxford VR, a provider
of evidence-based automated VR therapy has published a new position paper ‘The
Big Reset:
Read More
Powered by Lyra Health, Starbucks Offers U.S. Employees Access to Mental Health Therapist/Coach
What You Need to Know: - Starbucks partners with Lyra Health to offer all U.S. partners and eligible family members with a mental health therapist or coach. - Through Lyra Health’s platform, all U.S. partners (employees) and eligible family members will receive 20 mental health sessions with a therapist or coach each year at no cost. - Offering a new mental health care resource is part of Starbuck's larger mental health initiative announced in September, created based on partner
Read More
