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News of the funding round was first reported by The Information. The added layer of sharing information with an employer makes it even more problematic. stream 2 0 obj In 2020, they launched a growth strategy that took their service global. I felt like I was being cheated.. 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. Health (4 days ago) WebBurlingame, 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 , Health (2 days ago) WebHow Lyra Health hit $52.7M Revenue with 2M customers in 2022. And there was a 30% uptick in thoughts of suicide. Lyra's platform helps members identify the particular services that are available and that they are best suited for through an algorithmic process known as intelligent matching technology, which pairs users with therapists, coaches or physicians specializing in mental health or addiction treatment care. In December, Forbes reported that Cerebral had reclassified salaried therapists as contractors, making access to medical, vision, and dental benefits contingent on meeting quotas. The latest R&D info about Lyra Health, Inc.: pipelines, patents Lyra did not address these allegations and Facebook declined to comment. Fierce Healthcare Fundraising TrackerDispatchHealth rakes in $330M; Care.ai banks $27M for ambient intelligence. Glassons former therapist didnt respond to multiple requests for comment. People have no idea this is happening.. Chelsey Glasson, a former Google and Facebook employee, has recently sounded the alarm on EAPs like Lyra and the potential conflict of interest that could occur when your employer pays for your therapist. Around one in four U.S. adults suffer from a diagnosable mental health condition and depression is one of the leading causes of disability worldwide. Stephanie is a graduate of Harvard College and holds an MBA from Harvard Business School. The San Francisco-based virtual behavioral health care system delivers text- and video-based mental health services to users, including behavioral health coaching, therapy and psychiatry. By comparison, Headspace which provides virtual meditation and mental fitness products and resources has raised just over $168 million, while Ginger has raised $70.5 million, Singh previously told BHB. Lyras provider network is key to improving access to care. Lyra Health has a post-money valuation in the range of $1B to $10B as of Jan 19, 2022 .