One of the keys to the companys success is using clinical measurement tools to establish improvement over time. The solution uses screening tools to identify people at risk of behavioral health issues and then engages with them to provide care services. When they attempted to find someone else, though, they said a Lyra rep told them in a video call that their issues were too advanced for the companys 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. Lyra Health has raised a total of $910.1M in funding over 8 rounds. Photo: Lacheev/Getty Images. Another version of the survey accessed through Googles internal Lyra portal and viewed by BuzzFeed News does not explicitly say that outcomes data will be shared. The pandemic highlighted this need that I think we're experiencing and companies continue to take it very seriously.. Pay-for-results pricing model Forget the sunk costs associated with traditional EAPs that require you to pay for a service your employees may not even use. Obviously, as things open up, there will be people who want to meet in person, but its going to be a slow movement back to more in-person activities. Turnover as a measure of success is certainly dubious in mental healthcare.. News of the funding round was first reported by The Information. As employers grapple with the fallout of the coronavirus pandemic, theres a reckoning taking place in human resources departments around the country: the need for better mental healthcare for employees. Lyra is an alumnus of this year's Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to cross the $1 billion. Lyra Health. That, in turn, allows Lyra to offer member employees various levels of care, from coaching to more intensive in-person therapy. Innovative talent drives the aging industry forward. <> He started his career as a clinical psychologist and has spent the last three decades managing large-scale corporate mental health services in complex, culturally diverse geographies. That funding helped push Lyras total valuation above $1 billion, making it one of a very few unicorns in the behavioral health spaces. Meanwhile, Lyra connects its members with partner providers who offer various levels of care in various settings. About Lyra Health. We want to expand those options. Lyra supports your people with: Instant access to individualized care, from self-guided programs and mental health coaching to therapy and medication management Care options that suit personal preferences and lifestyles, including in-person, video conferencing, and text messaging By 2022, Lyra plans to offer coaching, therapy and medication across one global platform to all users. Lyras provider network is key to improving access to care. LYRA HEALTH Revenue, Growth & Competitor Profile - IncFact.com from Duke University and earned her J.D. Senior Benefits and Well-being Program Manager. After graduating from the UCSF School of Medicine, she completed her residency at Stanford and has a BA in economics from Harvard College. Matt leads finance and corporate development at Lyra. With Lyra, more people get better, significantly improve, and achieve lasting results. Diversity Spotlight (US Headquarters Only), Edit Lists Featuring This Company Section, Pelican Products Partners with Lyra Health to Expand Mental Health Services for Employees, Forecast: 15 Startups We Think Could Go Public In 2023, Telehealth Startups Pivot (Yet Again) As Employer Benefits Get Reevaluated In Layoff-Looming Economy, Western US Information Technology Female Founded Companies, Health Care Late Stage Companies With More Than 10 Employees, West Coast Information Services Female Founded Companies.
Tax Refund Offset Reversal Coronavirus, Dr Charlie Ward Video, Articles L