This February, telehealth utilization saw its first month-over-month drop since September 2020. One thing that hasn’t changed, though, is that mental health conditions continue to be the number one telehealth diagnosis across the nation. Telehealth was used more for mental health conditions than any other diagnosis in February, according to FAIR Health, a nonprofit health […]
Category: Technology
Vida Health, a virtual chronic care platform, has raised $110 million in a Series D funding round led by General Atlantic, with additional participation from Centene (NYSE: CNC), AXA Venture Partners and Ardea Capital Partners, among other investors. Headquartered in San Francisco, Vida Health provides virtual integrated care for chronic conditions, treating both physical and […]
Whether it is for recurring issues like substance use disorder (SUD) and depression or for new problems related to the pandemic and civil unrest, more Americans are seeking behavioral health help. And more providers are rising to the challenge of delivering services, with some of them going above and beyond to personalize the experience for […]
Hurdle fills VP, C-suite positions Digital mental health provider Hurdle has hired Krystle Herbert as its vice president of clinical affairs. In the role, Herbert will be responsible for overseeing and supporting clinical operations, clinical policy development and compliance, as well as clinical quality care and organizational scaling efforts. Herbert was most recently the COO […]
The on-demand, virtual behavioral health care provider Ginger has reached an agreement with Cigna to bring its full platform to the insurer’s behavioral health customers nationwide. Ginger announced the news Thursday. The agreement covers 14 million Cigna customers who have employer-sponsored or individual and family insurance plans (IFP). Under the partnership, those beneficiaries will be […]
As demand for behavioral health care is growing, so too is investor interest in the space. That’s especially true on the private equity (PE) front. In fact, behavioral health dealmakers predict PE buyers will help fuel record levels of M&A in 2021. Among those active PE players is Council Capital. Headquartered in Nashville, Tennessee, Council […]
PursueCare — a Middletown, Connecticut-based provider of virtual medication-assisted treatment (MAT) services — has raised $7 million in an oversubscribed Series A2 funding round led by OCA Ventures, Seyen Capital, Wasabi Investors and other health care investors. The round brings PursueCare’s total funding raised up to $12.8 million, according to the fundraising tracking website Crunchbase. […]
Ophelia, a New York-based provider of virtual opioid use disorder (OUD) treatment services, has landed $15 million in Series A funding. The round, which the company announced Thursday, was led by Menlo Ventures. Other investors include Y Combinator, General Catalyst and Refactor Capital, as well as the founders of Harry’s, Warby Parker, PillPack, Allbirds, Carbon […]
Meru Health — a comprehensive mental health solution that’s won partnerships with some of the nation’s largest insurers — has its sights set on national expansion, new partnerships and additional offerings. Meru works with employers and major health insurance companies such as Cigna, Humana and, most recently, Moda Health to provide mental health care for […]
Ginger, the on-demand virtual behavioral health care system with a $1.1 billion valuation, recently raised $100 million in a Series E funding round led by funds managed by Blackstone Growth. But even more notable than the financing itself is what Ginger plans to do with it — from diving deeper into value-based care to building […]