Key Highlights
- $130M equity and debt financing round led by Andreessen Horowitz
- Talkiatry’s value-based care model reduces costs and improves health outcomes
- Total raise to date: $245M
- Significant reduction in hospitalization and emergency room visits
- In-network with 60+ health plans covering 70% of commercial lives in the U.S.
Source: PR Newswire
Notable Quotes
- “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.” — Robert Krayn, CEO and Co-Founder at Talkiatry
- “Talkiatry has mainstreamed outcomes-based psychiatric health care and risk-based payment models. 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.” — Scott Kupor, Managing Partner at a16z
SoHC's Take
Talkiatry’s latest funding round marks a significant milestone in the evolution of behavioral health care. By integrating value-based care models, Talkiatry not only addresses the critical need for accessible mental health services but also demonstrates the potential for substantial cost savings and improved patient outcomes. Their proven success in reducing hospitalization rates and emergency room visits underscores the effectiveness of their approach. As they continue to expand, partnering with major health plans, Talkiatry is poised to set new standards in the mental health care industry, making quality psychiatric care more accessible and efficient for millions of Americans.
