A number of digital behavioral health startups have been making waves as of late by reaching unicorn status, with Calm and Lyra Health being a couple examples. The latest digital behavioral company to join those billion dollar ranks is Modern Health, whose biggest days appear yet to be ahead. Based in San Francisco, Modern Health […]
Community Psychiatry purchases Harbor Psychologist Community Psychiatry — an growing outpatient behavioral health provider — has announced acquisition of Harbor Psychologist, Inc — which provides a range of psychiatric and psychological services to children and adults. Terms of the deal were not disclosed. Headquartered in Sacramento, Community Psychiatry provides a variety of virtual and in-person […]
Pear Therapeutics, a manufacturer of digital therapeutics for conditions such as addiction, has raised $20 million in a Series D funding round. Boston-based Pear announced the news Monday. The announcement comes after the company completed an initial Series D funding round in December, raising $80 million. An undisclosed investor, which Pear referred to in a […]
BetterUp, a virtual coaching and counseling platform for employees and businesses, has raised $125 million in a Series D funding round, bringing the company’s valuation up to $1.73 billion. Funding for the latest round — which the San Francisco-based wellness unicorn announced Thursday — was led by ICONIQ Growth. Lightspeed Venture Partners, Plus Capital and […]
Lyra Health, a digital behavioral health unicorn that helps employers connect workers with mental health services, has added new preventative, self-guided solutions to supplement its current offerings. The Burlingame, California-based company has mostly built its business around using intelligent matching technology to pair members with services available to and best suited for them. It partners […]
Ginger, a virtual behavioral health care system, has teamed up with Capsule, the nation’s largest independent digital pharmacy, to give members access to same-day mental health medication delivery. The medication management partnership is designed to improve convenience and safety for Ginger’s members, who previously had to go to a brick-and-mortar pharmacy or use their health […]
The behavioral health care industry has long been ripe for disruption, and the coronavirus could finally make it happen. In fact, health care stakeholders have identified mental health specifically as an area with some of the biggest opportunities for innovation in 2021, according to an outlook report from CB Insights. CB Insights is a market […]
For many individuals in traditionally underserved communities, getting behavioral health assistance is a major issue. This is especially true for Black men, who are prone to anxiety and depression due to the disproportionate levels of discrimnation they face, but who are less likely than other groups to receive assistance because of stigma and a lack […]
SilverCloud Health recently teamed up with Cerner Corporation to give more people better access to on-demand, personalized mental health tools and treatment. As part of the partnership, SilverCloud will integrate its platform into Cerner’s electronic health record (EHR). The goal of the agreement is to scale mental health treatment, lower the cost of care and […]
As COVID-19 continues to wreak havoc on the economy, funding for digital behavioral health companies has remained robust, largely because the nation’s mental health has worsened amid the pandemic. For Lyra Health, a mental health care benefits startup with unicorn status, not only has the company weathered the headwinds of the economic downturn, but thrived […]