, /PRNewswire/ -- , a leading provider of high-quality, in-network psychiatric care, today announced a equity and debt financing round. The equity round was led by (a16z) with participation from , and debt financing was provided by . The Series C investment will fuel Talkiatry's continued expansion of its value-based care model for behavioral health, reducing total cost of care, improving health outcomes, and producing real savings for patients, health plans, and health system or provider group partners.
Talkiatry's total raise to date is , with previous participation from investors including and . Americans are spending on behavioral care each year, but for many, their mental health is not improving. Just 31% of adults a 12% drop over the past 20 years.
Although the mainstreaming of telehealth has aided in providing Americans with more behavioral care options, there is a dearth of outcomes and cost savings data, as well as a lack of physician-focused models, which previously limited health plans from establishing creative and scalable risk-based payment models. Light years ahead of industry peers, Talkiatry has created a proven value-based behavioral health care model that expands access to quality treatment while improving outcomes and generating savings. A leading national health plan, for example, conducted a matched cohort analysis with both cohorts having similar demographics and conditions.
One cohort received psychiatric care from Talkiatry's providers, while the matc.
