Business Booms for Digital Behavioral Health Companies Amid COVID-19

There’s no doubt about it: The coronavirus is boosting the demand for behavioral health care. That’s especially true for services that can be delivered virtually, due to how easily COVID-19 can be spread.   While traditional providers have been scrambling to move to remote models and keep up with ever-changing telehealth regulations, digital behavioral health providers […]

Lyra Health Partners with Starbucks to Provide Mental Health Benefits to Employees

Mental health benefits manager Lyra Health will provide all Starbucks (Nasdaq: SBUX) employees and eligible family members with up to 20 sessions per year with therapists and coaches starting April 6. The Seattle-based coffee giant announced the move Monday. All sessions will be free of charge to users. Burlingame, California-based Lyra provides similar services to […]

Lyra Health Raises $75M in Latest Funding Round

Burlingame, California-based Lyra Health, a behavioral health benefits provider for employers, has raised $75 million in its latest funding round, the company announced Wednesday. The Series C funding round was led by IVP, a late-stage venture capital and growth equity firm. Existing funders and new investor Meritech Capital Partners also contributed. The new money supplements […]

Lyra Health Helps Providers Improve, Capitalize On Employee Mental Health Benefits

While more and more employers are offering mental health benefits, that doesn’t always translate into opportunities for traditional behavioral health providers. Many companies opt to provide the benefits through app-based solutions that specialize in remote coaching and stress-reduction, with trendy startups like Headspace and Ginger winning business from corporate giants such as Starbucks (Nasdaq: SBUX), […]