Today, in the United States, many people in need of mental health services face geographic, economic and racial differences Persist in visit.To bridge this gap and provide holistic care, some companies like concert health Behavioral health services are provided in the same locations where patients receive their usual medical care.
Founded in 2016, Concert is a fast-growing, San Diego-based behavioral health care group announced Wednesday It has raised a $42 million Series B round led by Define Ventures. It plans to use the funding to expand its services with clinician partners nationwide.
The company is currently working with more than 50 primary care, pediatric care and women’s health groups in 11 states to integrate mental health care, and said it plans to expand in Arkansas, Massachusetts and Washington this quarter.
The company’s team-based collaborative care model is at the heart of its approach to partnerships and care delivery. The model recognizes the need to measure results on a monthly basis to hold teams and patients accountable; develop care plans that respect patient wishes; create a supportive behavioral and physical Health issues and a comprehensive program centered on primary care.
“Everyone deserves access to quality behavioral health services — getting the care they need and integrating with providers they trust,” Hutchins said. “concert exists to make this a reality. We are building the nation’s best behavioral health care group based on a collaborative care model. “
The company’s latest funding round follows $14 million in Series A funding In January last year, it raised a total of $56 million. Existing investors Healthy Ventures, Vertical Venture Partners and Townhall Ventures contributed to the Series B round, along with two major health system partners, common mental health and come to healthalso made a strategic investment in the company.
Hutchins said the funding will be used to develop Concert’s clinical operations and recruiting, financing products and technology improvements, such as integrating Concert’s platform with its partners’ EHRs, and supporting collaboration with payers to close coverage gaps.
Concert provides behavioral health services to patients with private and public insurance; according to the company, 55% of the more than 27,000 patients it serves to date have Medicaid or Medicare coverage. In addition to the health system, its partners include independent medical groups, federally qualified health centers and rural health clinics.
As healthcare providers and patients seek more accessible behavioral health services, mental health is increasingly Quartet.
In response to demand, Concert’s existing partners want the company to expand what it does to provide behavioral health services to patients across the healthcare system, Hutchins said.
The company attributes most of the demand to its collaborative care model.
“We know collaborative care works, and we’re building an innovative team focused on delivering quality, evidence-based care to transform the way care is delivered in the industry and across the country,” said Virna Little, co-founder and CEO of Concert Health’s clinical officer in an email. “I’m very excited to be able to bring such high-quality behavioral health services to people across the country who desperately need it.”
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