Behavioral well being startup Live performance Well being wrapped up a $42 million Collection B funding spherical led by Outline Ventures.
Different members within the spherical embrace Wholesome Ventures, Vertical Enterprise Companions and Townhall Ventures, in addition to strategic traders CommonSpirit Well being and Introduction Well being. Live performance scored $14 million in Series A financing in January 2021.
WHAT IT DOES
The startup works with major care, girls’s well being and pediatric suppliers to supply behavioral well being help. Live performance makes use of referrals, screening throughout a follow’s inhabitants and prescription information to search out sufferers who might profit from behavioral well being providers, and connects them with a behavioral care supervisor by a cellphone or video name.
Managers might help sufferers with counseling, setting targets, managing drugs and checking signs. Psychiatric consultants additionally overview details about sufferers who aren’t bettering and might add suggestions right into a major care supplier’s medical file.
Live performance plans to make use of the funding from the funding spherical to scale its providers to extra suppliers throughout the nation.
“Nice behavioral healthcare might be transformative for sufferers, however on this nation it’s extremely tough to entry, and it hardly ever connects again to the remainder of your well being and your care,” Live performance cofounder and CEO Spencer Hutchins stated in a press release.
“An incredible quantity of knowledge helps bridging the hole between bodily and behavioral well being. We’re targeted on making behavioral well being an built-in a part of whole-person care, and accessible to as many individuals as doable.”
MARKET SNAPSHOT
Psychological well being startups raised a major quantity of enterprise funding within the wake of the COVID-19 pandemic. According to a CB Insights report, psychological well being tech corporations raised $5.5 billion globally final yr, a 139% improve from 2020.
One other firm that works with suppliers to coordinate digital psychological healthcare is Iris Telehealth, which earlier this month scooped up $40 million in Series B funding. Iris provides telepsychiatry providers by partnerships with well being programs, hospitals and group well being facilities. It additionally goals to assist suppliers triage sufferers.
Digital supplier Courageous Well being largely receives sufferers by referrals from suppliers and payers. Centered on the Medicaid market, the corporate not too long ago introduced a partnership with the Doula Network to supply maternal psychological healthcare.
