Behavioral well being startup Live performance Well being wrapped up a $42 million Sequence B funding spherical led by Outline Ventures.
Different individuals within the spherical embody Wholesome Ventures, Vertical Enterprise Companions and Townhall Ventures, in addition to strategic buyers CommonSpirit Well being and Creation Well being. Live performance scored $14 million in Series A financing in January 2021.
WHAT IT DOES
The startup works with main 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 knowledge to seek out sufferers who might profit from behavioral well being companies, and connects them with a behavioral care supervisor via a cellphone or video name.
Managers will help sufferers with counseling, setting targets, managing medicines 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 companies to extra suppliers throughout the nation.
“Nice behavioral healthcare could 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 a press release.
“An amazing 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 potential.”
Psychological well being startups raised a major quantity of enterprise funding within the wake of the COVID-19 pandemic. In keeping with a CB Insights report, psychological well being tech firms raised $5.5 billion globally final yr, a 139% enhance 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 Sequence B funding. Iris presents telepsychiatry companies via partnerships with well being programs, hospitals and neighborhood well being facilities. It additionally goals to assist suppliers triage sufferers.
Digital supplier Courageous Well being largely receives sufferers via referrals from suppliers and payers. Centered on the Medicaid market, the corporate just lately introduced a partnership with the Doula Community to supply maternal psychological healthcare.