April 15, 2021


Beyond law

Live performance Health Completes $14M Series A Financing to Deliver Evidence-centered Behavioral Well being Companies at Scale

SAN DIEGO–(Small business WIRE)–Concert Overall health, a major behavioral health professional medical group, these days introduced the closing of its Series A funding spherical at $14 million led by Vertical Enterprise Companions with participation from City Corridor Ventures and Silicon Valley Lender, and continued aid from early traders like Nutritious Ventures and Clearvision Equity. The money ended up a combine of equity and credit. The cash will be utilised to mature Concert’s scientific, engineering and industrial teams to swiftly scale Concert’s extraordinary, turnkey behavioral wellness products and services in key care and women’s well being settings.

Nearly half of People with behavioral wellbeing situations acquire no cure.1 Even for individuals that do get assistance, too usually it only arrives from an overtaxed most important treatment provider who lacks the assistance and know-how to intervene efficiently and systematically keep track of results, with far-achieving repercussions for both equally the client and the well being technique. Clinically, over 80% of persons discovered with depression who do not get measurement-based mostly care nevertheless have indications a 12 months later on.2 Additionally, reports exhibit that uncontrolled behavioral health and fitness disorders this sort of as depression or panic exacerbate other chronic circumstances, worsening health and raising wellness treatment expenditures by about 2.5 times in comparison to men and women with out uncontrolled despair.3

Due to the fact 2018, Live performance Wellness has been doing work to make substantial-quality behavioral wellness products and services out there at the major treatment level to Us citizens in will need. The Collaborative Treatment Management (CoCM) product, which has been demonstrated to drastically improve despair and anxiousness outcomes compared with traditional major care4, is by now a protected gain nationally for Medicare, most industrial insurances, and Medicaid programs in 18 states. Concert’s staff of expert Behavioral Care Professionals and psychiatrists presents individuals immediate accessibility to proof-based mostly behavioral wellness assistance as aspect of their main care workforce and supports vendors in effectively diagnosing and dealing with these ailments to enhance each physical and mental overall health. As a result, about 60% of Live performance Health and fitness individuals have observed their symptoms of despair or stress decrease by fifty percent inside of the initially 90 days.

The chasm in between our bodily and behavioral health devices leaves far too lots of people untreated, and leaves as well a lot of principal treatment medical professionals isolated,” claimed Spencer Hutchins, co-founder and CEO of Live performance Health and fitness. “Live performance Health’s mission is to re-architect America’s behavioral health procedure so that just about every patient has entry to remarkable behavioral wellness solutions as aspect of their trustworthy key treatment.”

Physicians want a way to promptly and efficiently address patients’ behavioral well being requirements,” explained Virna Minimal, LCSW, PsyD, co-founder and chief running officer of Live performance Wellbeing. “Principal treatment suppliers are treating a huge amount of money of depression together with other persistent health conditions with out enough support. By giving similar-working day accessibility to Concert Health’s skilled clinicians we are creating it effortless for primary treatment suppliers to identify and address people with behavioral wellbeing circumstances. Our behavioral care professionals and psychiatrists provide as an extension of the present care staff, serving to medical professionals address patients’ general health and fitness extra correctly and in the long run delivering demonstrable results for the well being care method.”

Live performance Overall health has created a powerhouse medical group coupled with a fashionable know-how platform in an place of health and fitness that we all know wants helpful styles that scale,” stated Dave Schwab, Founder and Controlling Director at Vertical Venture Associates. “We are happy to help their development, and glance ahead to collaborating with their administration team to scale an sector-altering firm.”

Concert Health now supports around 800 medical professionals in seven states: Arizona, California, Connecticut, Florida, New Mexico, New York, and North Carolina. The company’s expert services are available by partnerships with 44 healthcare groups and well being systems like CommonSpirit Wellbeing, a nationwide nonprofit wellbeing system committed to advancing health and fitness for all.

[1] Park-Lee, E., Lipari, R. N., Hedden, S. L., Kroutil, L. A., & Porter, J. D. (2017). Receipt of Expert services for Substance Use and Mental Health and fitness Issues Amongst Adults: Outcomes from the 2016 Nationwide Study on Drug Use and Overall health. In CBHSQ Knowledge Critique. (pp. 1–35). Compound Abuse and Psychological Health and fitness Companies Administration (US).

[2] Unützer, J., Katon, W., Callahan, C. M., Williams, J. W., Jr, Hunkeler, E., Harpole, L., Hoffing, M., Della Penna, R. D., Noël, P. H., Lin, E. H., Areán, P. A., Hegel, M. T., Tang, L., Belin, T. R., Oishi, S., Langston, C., & Effect Investigators. Bettering Mood-Promoting Obtain to Collaborative Treatment method (2002). Collaborative treatment administration of late-lifestyle depression in the major treatment location: a randomized controlled demo. JAMA, 288(22), 2836–2845. https://doi.org/10.1001/jama.288.22.2836

[3] S. P. Melek, D. T. Norris, & J. Paulus. (2014). Financial Affect of Integrated Health care-Behavioral Healthcare: Implications for Psychiatry. Denver, Colo.: Milliman, Inc.

[4] Archer, J., Bower, P., Gilbody, S., Lovell, K., Richards, D., Gask, L., Dickens, C., & Coventry, P. (2012). Collaborative treatment for despair and stress and anxiety problems. The Cochrane database of systematic reviews, 10, CD006525. https://doi.org/10.1002/14651858.CD006525.pub2

About Live performance Health

Concert Health is building America’s finest and premier behavioral well being professional medical team. By Collaborative Treatment Management, an proof-primarily based product for managing despair and stress in main treatment configurations, Live performance makes it straightforward for principal treatment doctors to supply higher-high-quality behavioral wellbeing care and make improvements to clinical outcomes. Concert’s turnkey behavioral health and fitness providers, which involve an qualified clinical group and a highly effective technologies platform, are offered by means of partnerships with clinical groups and well being techniques in 7 states: Arizona, California, Connecticut, Florida, New Mexico, New York, and North Carolina. To learn much more about Concert Health’s technique, visit concerthealth.io.

Live performance Health and fitness, Inc. is an administrative and managerial solutions enterprise affiliated with various skilled companies that supply health care providers. Alongside one another, these organizations operate underneath the “Concert Health” brand.