2024 could prove pivotal for virtual behavioral health as the federal government considers making COVID-era telehealth flexibilities permanent. Federal and state regulations can heavily influence the availability of behavioral telehealth appointments. For behavioral health providers who provide care to Medicaid beneficiaries, or who prescribe controlled substances for conditions like substance use disorders (SUDs), regulations can […]
Digital behavioral health provider Lyra has launched a new offering for individuals with complex mental health issues. The new offering takes a multipronged approach to supporting individuals with severe mental health needs. “When building Lyra Complex Care, we focused on four critical components not offered anywhere else: a specialized network of facility partners; a dedicated […]
Most US employers say they are prioritizing improving their employees’ mental health. Popular interventions like partnering with companies that promise resilience training and mindfulness practices may not help employees as much as advertised. A new study published in the Industrial Relations Journal found that employee wellness initiatives lead to no reliable difference in mental well-being. […]
Digital mental health unicorn Lyra Health is expanding its teen behavioral health offerings. The expansion comes as the nation shines a brighter spotlight on youth mental health challenges. Lyra’s employer behavioral health benefits platform will now help teens match with specialized mental health providers. Teens will have access to video-based therapy and between-session digital exercise, […]
Mental health remained the top area of startup investment in the U.S. digital health space in the first quarter of 2022. In the first three months of the year, mental health startups garnered about $1 billion, a total that was buoyed by the $235 million Series F funding round of Lyra Health, according to a […]
The mental health tech space raised $5 billion and created nine new mental health unicorns in 2021, according to new data from CB Insights. The number of unicorns — companies that have a valuation of at least $1 billion — is up 150% compared to last year. They are almost all based in the United […]
Burlingame, California-based Lyra Health’s business will span major portions of the planet following its acquisition of ICAS World — a move fueled by its recently closed $235 million Series F round. The deal is meant to deepen Lyra Health’s position as an international player in the business of selling corporations mental health benefits for their […]
A new independent study found that employers offering Lyra Health’s mental health care benefits were able to save a significant amount of money through overall health care costs in the first year of enrollment. The study, which was conducted by the global professional services firm Aon, found that employees who were able to take advantage […]
Mental health benefits provider Lyra Health is rolling out two new treatment services for users struggling with issues such as alcohol use disorder (AUD), suicidality and other complex mental health diagnoses. The Burlingame, California-based company made the announcement Thursday. One of the offerings is Lyra Reset, which will enable users to address AUD issues through […]
Mental health care benefits provider Lyra Health has raised $187 million in Series E funding, the company announced Friday, bringing its total funding raised up to about $480 million. The latest round was led by the venture capital firm Addition. New investors Durable Capital Partners, Fidelity Management & Research Co. and Baillie Gifford also participated, […]
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