Brightside Health is a telemental health provider that combines proprietary AI, purpose-built technology, and a clinician network to deliver precision psychiatry, therapy, and an award-winning Crisis Care program for individuals with elevated suicide risk. Its services are available to commercially insured and cash-pay patients in all 50 states and D.C., with appointments available in 48 hours or less, and to Medicaid and Medicare beneficiaries in select states. The company has expanded payer partnerships, including CareOregon, Blue Cross and Blue Shield of Texas, and Centene, and has published close to a dozen peer-reviewed research papers. Leadership has focused on building programs for individuals with severe mental health conditions and expanding into underserved markets. Brightside reports a capital-efficient approach and says the organization is on a comfortable path to profitability. The recent strategic Series C will support growth into new markets and new offerings and deeper Medicare and Medicaid expansion. Brightside Health is a telemedicine platform offering fast access to personalized mental health treatment, expert providers, and ongoing support via video visits, unlimited messaging, and medication delivery. The company pairs clinicians with data and technology, using a proprietary machine-learning algorithm that evaluates more than 100 data points to help providers tailor treatment and enable precision psychiatry. Its care model follows evidence-based, structured protocols delivered by a network of psychiatric providers and licensed therapists, with online check-ins monitored by providers to ensure efficacy. Brightside reports that 86% of members feel better within the first 12 weeks and 71% achieve remission in that period; a recent study showed over 50% higher treatment response and remission rates than a leading U.S. health system. The company plans to use new capital to grow headcount from 57 to an expected 175 employees this year, further enhance its platform and partnerships, and expand access to more individuals. Brightside already has go-to-market partnerships with clinically-discerning national payers that open access to superior mental health care for over 30 million insurance members nationwide.

Total raised

$83M

Funding rounds

2

Latest round

Series C

Latest activity

Mar 2024