Behavioral well being startup Live performance Well being wrapped up a $42 million Collection B funding spherical led by Outline Ventures.
Different individuals 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 Collection A financing in January 2021.
WHAT IT DOES
The startup works with main care, ladies’s well being and pediatric suppliers to supply behavioral well being help. Live performance makes use of referrals, screening throughout a observe’s inhabitants and prescription knowledge to search out sufferers who might profit from behavioral well being providers, and connects them with a behavioral care supervisor by means of a telephone or video name.
Managers may also help sufferers with counseling, setting objectives, managing drugs and checking signs. Psychiatric consultants additionally evaluation details about sufferers who aren’t enhancing and might add suggestions right into a main care supplier’s medical report.
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 troublesome 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 mentioned in an announcement.
“An incredible quantity of information helps bridging the hole between bodily and behavioral well being. We’re centered 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 big quantity of enterprise funding within the wake of the COVID-19 pandemic. In response to a CB Insights report, psychological well being tech firms raised $5.5 billion globally final 12 months, 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 Collection B funding. Iris provides telepsychiatry providers by means of partnerships with well being techniques, hospitals and group well being facilities. It additionally goals to assist suppliers triage sufferers.
Digital supplier Courageous Well being largely receives sufferers by means of referrals from suppliers and payers. Targeted on the Medicaid market, the corporate just lately introduced a partnership with the Doula Community to supply maternal psychological healthcare.
