TSL Express Daily News
The Secured Lender
![Screen Shot 2024-05-31 at 4.16.35 PM Screen Shot 2024-05-31 at 4.16.35 PM](/images/default-source/default-album/screen-shot-2024-05-31-at-4-16-35-pm.tmb-small.png?Culture=en&sfvrsn=fa06022b_1)
SFNet's 40 Under 40 Awards Issue
Intro content. Orci varius natoque penatibus et magnis dis parturient montes, nascetur ridiculus mus. Curabitur iaculis sapien sagittis, accumsan magna ut, blandit massa. Quisque vehicula leo lorem, a tincidunt eros tempor nec. In quis lacus vitae risus egestas tincidunt. Phasellus nulla risus, sodales in purus non, euismod ultricies elit. Vestibulum mattis dolor non sem euismod interdum.
-
Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
-
The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
-
SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
-
SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
-
It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
-
It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
-
It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
-
Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
-
Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
-
How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
-
Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
-
A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
-
Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
-
Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
-
Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
-
The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
-
Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
-
Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
-
“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
-
Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
June 20, 2024
Source: PR Newswire
- Led by Andreessen Horowitz, latest fundraise supports Talkiatry as it scales high-quality, in-network care
- For leading national health plan, Talkiatry cut patient hospitalizations by 68%, emergency room visits by 32%, and saved $700 in total cost of care per member per month vs peers
- Psychiatric care visionary proves that outcomes-based, doctor-led mental health care can be delivered in value-based arrangements
NEW YORK, June 18, 2024 /PRNewswire/ -- Talkiatry, a leading provider of high-quality, in-network psychiatric care, today announced a $130 million equity and debt financing round. The equity round was led by Andreessen Horowitz (a16z) with participation from Perceptive Advisors, and debt financing was provided by Banc of California. The Series C investment will fuel Talkiatry's continued expansion of its value-based care model for behavioral health, reducing total cost of care, improving health outcomes, and producing real savings for patients, health plans, and health system or provider group partners. Talkiatry's total raise to date is $245 million, with previous participation from investors including Left Lane Capital and blisce/.
Americans are spending billions on behavioral care each year, but for many, their mental health is not improving. Just 31% of adults believe their mental health is "excellent," a 12% drop over the past 20 years. Although the mainstreaming of telehealth has aided in providing Americans with more behavioral care options, there is a dearth of outcomes and cost savings data, as well as a lack of physician-focused models, which previously limited health plans from establishing creative and scalable risk-based payment models.
Light years ahead of industry peers, Talkiatry has created a proven value-based behavioral health care model that expands access to quality treatment while improving outcomes and generating savings. A leading national health plan, for example, conducted a matched cohort analysis with both cohorts having similar demographics and conditions. One cohort received psychiatric care from Talkiatry's providers, while the matched cohort received care from other behavioral health providers in their network. Talkiatry's cohort achieved a 68% lower hospitalization rate, 32% fewer emergency room visits, and generated approximately $700 in savings per member per month on a total cost of care basis.
"Over the past few years we've built one of the country's largest and highest-quality in-network psychiatric practices, while proving with real-world data that we deliver superior health outcomes and cost savings," said Robert Krayn, CEO and Co-Founder, Talkiatry. "We're thrilled to be part of the a16z family as we continue to bring more health plans into value-based contracts and expand to reach more Americans in need."
Since its launch in 2020, Talkiatry has delivered high-quality telepsychiatry services across more than one million patient visits, including underserved populations that previously had little to no access to treatment. The company employs more than 300 full-time, licensed psychiatrists who serve patients with conditions including anxiety, bipolar disorder, depression, OCD, PTSD, and more, across 43 states. A study of Talkiatry patients found that after an average of five appointments over 15 weeks, 67% no longer had clinically significant anxiety symptoms, and 62% no longer had clinically significant depression symptoms. Talkiatry is in-network with more than 60 health plans, including Aetna, Blue Cross Blue Shield, United Healthcare, Cigna, and Humana, covering more than 70% of commercial lives in the U.S.
"Talkiatry has mainstreamed outcomes-based psychiatric health care and risk-based payment models. The company has built a reputation for providing affordable, high-quality treatment for psychiatric patients while creating robust partnerships with a continually-expanding payor network," said Scott Kupor, Managing Partner, a16z. "We look forward to working with Georgia, Robert, and the Talkiatry team to usher in a new era of innovation in this important area of mental health care."
To partner with Talkiatry, please visit: https://www.talkiatry.com/contact-us.
About Talkiatry
Talkiatry is a national mental health practice that provides in-network psychiatry and therapy. They were co-founded by a patient and a triple-board-certified psychiatrist to solve the problems both groups face in accessing and providing the highest quality mental healthcare. 60% of adults in the U.S. with a diagnosable mental illness go untreated every year because care is inaccessible, while 45% of clinicians are out of network with insurers because reimbursement rates are low and paperwork is unduly burdensome. With innovative technology and a human-centered philosophy, Talkiatry provides patients with the care they need—and allows psychiatrists to focus on why they got into medicine. Learn more at www.talkiatry.com and follow us on Instagram, TikTok, and LinkedIn.
Media Contact
press@talkiatry.com