Digital psychological well being firm Quartet Well being introduced that it snapped up InnovaTel Telepsychiatry, a digital behavioral well being supplier, for an undisclosed sum.
This information comes simply days after Quartet announced a $60 million funding round led by Independence Well being Group.
InnovaTel Telepsychiatry is ready to join organizations to a community of psychological well being clinicians, together with psychiatrists, psychiatric nurse practitioners and licensed medical social staff. Well being programs are in a position to loop in suppliers from InnovaTel’s community into their medical groups. Sufferers can remotely entry psychological healthcare with a devoted supplier.
Quartet has a monitor report of matching sufferers with psychological well being suppliers. Sufferers are in a position to make use of the device to discover a clinician or a supplier who can refer a affected person.
WHY IT MATTERS
Quartet mentioned that the acquisition will assist develop its capability and develop its supply capabilities. Moreover, the information is anticipated to assist develop Quarters membership and attain.
“As a longtime clinician and supplier of care, I do know first-hand the systemic challenges that individuals face day-after-day throughout our nation when they should rapidly entry psychological well being care,” mentioned Jonathan Evans, medical psychologist and InnovaTel’s president and CEO.
“We’re thrilled to come back along with Quartet Well being to construct a complete, nationwide resolution to assist all individuals – throughout insurance coverage varieties and medical wants – acquire well timed entry to high-quality care. Quartet’s refined knowledge and analytics and know-how infrastructure will present the framework for InnovaTel to scale rapidly to communities nationwide, with a continued give attention to these with essentially the most advanced wants.”
THE LARGER TREND
The digital psychological well being house continues to develop. In reality, in 2021 behavioral well being startups landed $3.1 billion, according to Rock Health.
Conventional telehealth gamers are additionally increasing their psychological well being efforts. For instance, in July Amwell purchased digital behavioral well being firm SilverCloud Health. This got here roughly two years after the corporate bought telepsychiatry supplier Aligned Telehealth.
In Might, Teladoc constructed out its behavioral well being providers via myStrength Complete.