Quartet Health is an independent technology and services company that uses SmartMatch capabilities enabled by sophisticated data and analytics to connect patients to mental health solutions that fit their preferences, clinical needs, and insurance while linking care to the broader healthcare experience. The company works with health plans, systems, and provider groups to deliver speed to quality behavioral health care, defining quality by speed to care, seamless patient experience, improved outcomes, and affordability. To date nearly 300,000 patients have been referred to Quartet, roughly 80% from primary care; in the first eight months of its work with Independence more than 1,100 clinicians in Southeastern Pennsylvania signed up and over 2,500 members were connected to the platform. Quartet plans to continue enhancing its data and analytics to proactively identify and triage patients, expand an outcomes-driven provider network, and build actionable insights to measure and reward quality through value-based payment models. The company also intends to expand capabilities to support additional conditions such as substance use disorders and serious mental illnesses and to serve additional populations including pediatrics and transitional-age youth. Quartet is backed by venture investors including Oak HC/FT, GV, F-Prime Capital, Polaris Partners, Deerfield Management, Echo Health Ventures, Centene Corporation, and Independence Health Group. Quartet operates an integrated platform that links providers, payers and services to more effectively deliver mental and primary care. The platform supplies physicians with data to identify undetected mental health conditions, enables quick referrals to specialists, and allows providers to share treatment plans; patients receive personalized support from Quartet’s customer service team. Quartet announced a partnership with Cambia Health Solutions to connect mental health patients in the U.S. northwest to appropriate care, initially targeting Washington with plans to expand into Oregon, Idaho and Utah. The company said its Series D will fund expansion efforts and aims to reach Medicaid beneficiaries in need of behavioral health services. Quartet has raised roughly $161 million to date, following prior rounds led by GV (2016), F-Prime Capital Partners and Polaris (2018), and a June contribution from Centene Corporation. The company also experienced executive departures and negative Glassdoor reviews in late 2018. Quartet builds a HIPAA-compliant technology platform and services to integrate mental health into primary care and support collaborative care teams. Its Care Team product enables clinicians, clinically-adjacent providers, and community-based professionals such as case managers to coordinate care, share treatment plans, notes, and clinical assessment updates. Quartet provides physicians with data and resources to better identify patients with underlying mental health conditions and connect them to a trusted network of mental health providers. The company is expanding the Care Team product to support a broader set of members across the full patient journey, a change the company says is especially relevant for Medicaid beneficiaries served by FQHCs and community resources. Quartet announced a strategic partnership with Centene to improve access to mental health care for vulnerable populations. Financially, Quartet completed a $60M Series D round, bringing total funding raised to $153M. Quartet is headquartered in New York City and operates in multiple U.S. markets including Pennsylvania, Washington, Northern California, New Jersey, North Carolina, Louisiana, and Illinois. Quartet Health operates a platform that connects primary care doctors and mental health professionals to coordinate treatment plans and facilitate referrals. The company uses machine learning to help providers identify potential health issues and improve care coordination. Quartet currently operates in six U.S. markets: California, Louisiana, Massachusetts, New Jersey, Pennsylvania and Washington. It was founded in 2014 by CEO Arun Gupta. Quartet plans to use new capital to expand geographically, invest in its technology platform, hire for its machine learning team, and grow its provider network. The company recently added three new directors to its board as it scales. Quartet Health builds a platform that helps primary care doctors and mental-health professionals work together by using data and algorithms to identify patients at risk for comorbid conditions. When risk is detected, the platform refers patients to providers in Quartet’s network or to its online cognitive behavioral therapy and consultation tools. If a patient receives a new diagnosis, Quartet’s system enables coordination of tests, consultations, and prescriptions across providers. The company says it has traction from creating a comprehensive, point-of-care solution that leverages multiple care modalities. Quartet plans to use new capital to enter six new U.S. markets over the next year, including Massachusetts, the Midwest, and the West Coast. Founded in 2014 and based in New York, the company is led by CEO Arun Gupta.

Total raised

$215M

Funding rounds

6

Latest round

Equity

Latest activity

Dec 2021