2020 was a year like no other. COVID-19 continues to exacerbate already high rates of anxiety and depression: 4 out of 10 U.S. adults reported struggling with mental health or substance use in June of 2020. But significant barriers keep many Americans from accessing much needed behavioral health support.
This increasing need pushed us to pursue our mission with more urgency, as we strive to bring behavioral health services into primary care and meet patients – and providers – where they are. In 2020, Concert Health grew to support more than 800 physicians in eight states, and established partnerships with 44 medical groups and health systems. Through innovative partnerships with organizations like CommonSpirit Health, a national nonprofit health system serving communities at more than 1,000 care sites, we were able to make behavioral healthcare available and accessible to millions nationwide.
Since 2018, we’ve been working to make high-quality behavioral health services available at the primary care level to Americans in need by implementing the Collaborative Care Management model, which has been proven to significantly improve depression and anxiety outcomes compared with traditional primary care. Our team of highly-trained Behavioral Care Managers and psychiatrists provides patients access to evidence-based behavioral health support as part of their primary care team, and supports providers in effectively diagnosing and treating these conditions to improve both physical and mental health. As a result, over 60% of Concert Health patients have seen their symptoms of depression or anxiety reduce by half within the first 90 days.
With a new year comes renewed vision, and we’re proud to be supported by investors who share in our vision of becoming America’s leading behavioral health medical group, and ensuring that every patient has access to exceptional behavioral health services.
We are excited to announce that Concert Health has raised $14M in Series A financing to grow our clinical, technology and commercial teams to scale Concert’s turnkey behavioral health services in primary care and women’s health settings. This round of funding was made possible by Vertical Venture Partners, Town Hall Ventures, Silicon Valley Bank, and the continued support from early investors including Healthy Ventures and Clearvision Equity.