What You Should Know
The Raise: Talkiatry has secured $210M Series D financing round led by Perceptive Advisors, with participation from Sofina and prior lead investors Andreessen Horowitz (a16z), blisce/, and Left Lane Capital, alongside a debt facility from Banc of California, bringing total raise to date to over $400M.The Scale: Talkiatry is now the nation's largest private employer of psychiatrists, with over 800 full-time W2 physicians (not contractors) and 3 million patient visits
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telepsychiatry
Iris Telehealth Acquires Telepsychiatry Provider innovaTel
What You Should Know:
- Iris Telehealth, a leading provider of telepsychiatry services, announced the acquisition of innovaTel, a division of Quartet Health renowned for its expertise in treating complex mental health conditions. Financial details of the acquisition were not disclosed.
- The acquisition positions Iris Telehealth as one of the largest telepsychiatry companies in the nation, with a combined network of experienced clinicians and a comprehensive suite of
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Talkiatry Expands Child & Adolescent Psychiatry Care to 31 States
What You Should Know:
- Talkiatry announced that it has expanded its Child & Adolescent psychiatry services to 31 states, adding Wisconsin, Minnesota, Oregon, Alabama, and Louisiana, alongside 26 previously launched states. The five new states represent an under-18 population of 58 million.
- Led by double board-certified, award-winning psychiatrist Dr. Illese Perlumutter, Talkiatry child & adolescent practice intends to expand nationally, and address chronic rural care
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17 Execs Share How Health IT Can Address Clinician Burnout, Staffing, & Capacity
Clinician shortage has reached a new level of urgency as we face rising demand and healthcare costs, according to a recent Accenture report. Healthcare workers are increasingly burned out and leaving the industry altogether in droves. Those who remain to do the work are overburdened. We ask seventeen healthcare IT executives for their insights on how health IT solutions could potentially help address clinician burnout, clinician staffing shortages, and deal with capacity.
Staffing levels
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ReKlame Health Joins Cigna In-Network, Reducing Psychiatric Care Barriers for BIPOC Communities
What You Should Know:
- ReKlame Health, a provider of culturally competent, affordable and empathetic behavioral healthcare for BIPOC communities, announced that it has joined Cigna as an in-network mental healthcare provider in New York, New Jersey, and Florida.
- ReKlame is now in-network with all of the nation’s leading insurance plans, including Optum, United Healthcare, Blue Cross Blue Shield, Aetna, Oxford and Oscar. The Black-founded and Black-led company brings high-quality
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Backed by CVS Health, Array Behavioral Care Raises $25M for Virtual Psychiatry/Therapy
What You Should Know:
- Array Behavioral Care, the nation’s leading virtual psychiatry and therapy practice, announced today the closing of its latest $25M equity round to further scale modern behavioral healthcare across the continuum, with CVS Health leading the round. Existing investors also joined the round and contributed additional capital.
- The financing builds upon a long history between Array and CVS Health and opens doors to new levels of collaboration to expand access to
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How My Telehealth Company Used Revenue-Based Financing – not VC – to Get Mental Health Services to Underserved Seniors
Beyond just the impact of COVID-19, the need for tele-mental healthcare and telepsychiatry services continues to expand, especially for rural communities. With the unpredictable venture capital market, startups offering telehealth services increasingly find themselves evaluating alternative financing options.
I’ve noticed a number of alternatives have emerged in the last several years. These can be especially helpful for startups that need quick decisions and have predictable revenue growth
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Executive Roundtable: Can Innovation Alleviate Clinician Burnout?
The U.S. Surgeon General’s recent advisory about clinician burnout cited numerous societal, cultural, structural, and organizational causes—including excessive workloads, administrative burden, and lack of organizational support. The potential fallout of this trajectory is alarming: The advisory cites the Association of American Medical Colleges’ estimate on clinician demand outpacing supply, with an anticipated shortage of between
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Mental Health Awareness is Everywhere. Why Shouldn’t Virtual Care Be Standard?
May is Mental Health Awareness Month, which for years has been a platform to increase understanding about mental illness and advocate for better mental health care. Now more than ever, you don’t have to look too hard to see that mental health is a daily fixture in the national conversation. Unfortunately, mental health issues have become far too common for people of all ages and in all walks of life.
An Influx of Demand from Pediatrics to Geriatrics
We know that children are in dire
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M&A: Quartet Health Acquires InnovaTel Telepsychiatry
What You Should Know:
- Quartet acquires InnovaTel Telepsychiatry, a provider of virtual mental healthcare services with a differentiated expertise in treating complex conditions.
- The partnership lays the foundation for a comprehensive, nationwide solution to help all people — including those with complex needs — and focuses on speed to high-quality mental health care.
Quartet Health, a tech-enabled mental health care company that works with health plans, systems, and provider
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