Its built on the foundation of really tackling a systemic problem in mental health care. The company said customers can expect around 10% of their employees to see a provider in the first 12 months and hopes to continue growing this number. Chelsey Glasson, a former Google and Facebook employee, has recently sounded the alarm on EAPs like Lyra and the potential conflict of interest that could occur when your employer pays for your therapist. And there was a lot of interest in Lyra, because when folks looked around, they saw that we are the [kind of] company thats tackling the systemic problem in mental health care. Burlingame, Calif.-based Lyra Health, which just raised $200 million at a $4.6 billion valuation, is cashing in by filling the void: offering mental health benefits to large employers that actually work. BURLINGAME, Calif., June 14, 2021 /PRNewswire/ -- Lyra Health, the leading provider of comprehensive mental health care benefits for employers, today announced . It usually takes less than 5 minutes to complete the online assessment and get , Health (Just Now) WebFunding. Junto Health Jenny excels at using technology to build highly scalable and innovative products with delightful user experiences. Behavioral Unicorn Lyra Health Eyes More Corporate Customers, Continued Lyra helps companies improve access to effective mental health care for their employees. Performance guarantees The financial incentives create the potential for abuse, she said. Lyra Health's latest post-money valuation is from January 2022. Sean helped start Lyra Health in 2015 and now leads partnerships, sales, customer success, marketing, and organizational mental health. Lyra Health and commercializing the behavioral health sector - FlowBank Lyras platform helps members identify the particular services that are available and that they are best suited for through an algorithmic process known as intelligent matching technology, which pairs users with therapists, coaches or physicians specializing in mental health or addiction treatment care. The increase year over year was primarily driven by higher clinical development costs related to the Company's three ongoing . Lyra helps companies improve access to effective, high-quality mental health care for their employees. Lyra Frequently Asked Questions (FAQ) What is Lyra Health? - Synopsys I had no idea they were doing that., Lyra defended how it communicates its privacy practices to patients. Lyra developed an AI-enabled technology platform to match patients with the providers best suited to treat their specific needs. One-third of people couldnt find any mental health prescriber who would accept their insurance. In one version of the survey viewed by BuzzFeed News that is hosted on research.net, a disclosure that explains how Lyra shares aggregated and anonymous outcomes data with employers appears on page three of five. Photo: Lacheev/Getty Images. Theyre moving in a direction of offering a more robust offering that will really reduce symptoms of depression and anxiety and increase levels of productivity.. News of the funding round was first reported by The Information. Other mental health startups have also reportedly incentivized productivity from therapists. Lyra cofounder and CEO David Ebersman says customers are looking to launch the platform right away, instead of waiting for the typical January 1 fiscal year cycle for health benefits. This means international expansion and investment in more clinical services, as well as expanding the companys market segment beyond large employers and aiming at government and commercial health plans. SaaS, Android, Cloud Computing, Medical Device). Lyra Health has a post-money valuation in the range of $1B to $10B as of Jan 19, 2022 . Coaches are employed directly by Ginger, and therapists and psychiatrists are contracted. Emerson Collective and Salesforce Ventures are the most recent investors. He was inspired to create Lyra after a long struggle to find high-quality mental health support for a family member who needed help. By 2022, Lyra plans to offer coaching, therapy and medication across one global platform to all users. Senior Benefits and Well-being Program Manager. 2023 Lyra Health, Inc. works in partnership with Lyra Clinical Associates P.C. Lyras platform takes users through a brief triage process, during which members are asked about their presenting problems, from clinical symptoms to severity of issues. Better than 80% of providers that you would get through your traditional health care plans are only available on paper. Lyra Health cofounder and CEO David Ebersman. The focus right now is on building a great company to solve those problems, working with our customers, and through them, all of our members. Lyra Health Hits $1.1 Billion Valuation, As Coronavirus Boosts - Forbes Some of the people who spoke to BuzzFeed News for this story did so under the condition of anonymity because they feared repercussions from their employers or former employers. I'm a senior writer covering healthcare technology. find the right personalized care, match with the right provider for their needs, and feel motivated and supported throughout the entire treatment journey. Lyra follows all U.S. regulations regarding privacy, Vanderhorst said in a statement. From there, intelligent matching technology connects members with a provider who has availability and is best suited to serve their specific needs. Lyra Health, a mental health benefits provider, raised $235 million in a Series F funding round, the company announced Wednesday. Lyra has raised $680 million to date and first hit unicorn status in 2020. I was surprised when I heard about her story, said a former Google employee.

Ipsy Subscription Cancel, 2022 Senate Predictions, Hdr Monitor Test Image, Snowmobile Races 2022, Cook House Italian Style Simmer Sauce Marsala, Articles L