Talkiatry Revolutionizes Mental Health Care with $130M Funding
June 19, 2024, 3:51 am
Location: United States, New York
Employees: 201-500
Founded date: 2019
Total raised: $192M
Talkiatry, a NYC-based provider of in-network psychiatric care, recently secured a whopping $130 million in Series C funding. Led by Andreessen Horowitz, this funding will propel Talkiatry's mission to expand its value-based care model for behavioral health. CEO Robert Krayn expressed excitement about joining the a16z family and reaching more Americans in need of mental health support.
Founded in 2020, Talkiatry has already made a significant impact by delivering telepsychiatry services to over one million patients, including underserved populations. With a team of 300 licensed psychiatrists spread across 43 states, Talkiatry offers in-network services for various mental health conditions such as anxiety, bipolar disorder, depression, OCD, and PTSD. The company is in-network with over 60 health plans, covering more than 70% of commercial lives in the U.S.
Unlike traditional mental health providers, Talkiatry's approach prioritizes employing W-2 staff physicians rather than independent contractors. This unique strategy has contributed to the company's success in securing funding and expanding its reach.
In the rapidly evolving landscape of telemental health, Talkiatry's recent funding round highlights the growing demand for accessible and quality mental health care. With other companies in the industry also seeing significant investments and acquisitions, the future of mental health services looks promising.
As Talkiatry prepares for potential IPO, its commitment to providing value-based care and bridging the gap in mental health services remains unwavering. With a strong foothold in the insurance market and a dedicated team of professionals, Talkiatry is well-positioned to lead the charge in transforming mental health care for the better.
Founded in 2020, Talkiatry has already made a significant impact by delivering telepsychiatry services to over one million patients, including underserved populations. With a team of 300 licensed psychiatrists spread across 43 states, Talkiatry offers in-network services for various mental health conditions such as anxiety, bipolar disorder, depression, OCD, and PTSD. The company is in-network with over 60 health plans, covering more than 70% of commercial lives in the U.S.
Unlike traditional mental health providers, Talkiatry's approach prioritizes employing W-2 staff physicians rather than independent contractors. This unique strategy has contributed to the company's success in securing funding and expanding its reach.
In the rapidly evolving landscape of telemental health, Talkiatry's recent funding round highlights the growing demand for accessible and quality mental health care. With other companies in the industry also seeing significant investments and acquisitions, the future of mental health services looks promising.
As Talkiatry prepares for potential IPO, its commitment to providing value-based care and bridging the gap in mental health services remains unwavering. With a strong foothold in the insurance market and a dedicated team of professionals, Talkiatry is well-positioned to lead the charge in transforming mental health care for the better.