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About AbleTo
Industries
Consumer Software
Healthcare
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$59.9M
Headquarters
New York City, New York
Founded
2008
Overview
AbleTo provides virtual behavioral health services that allow clients to receive care from home. Their approach combines digital emotional health programs with one-on-one support from licensed therapists and coaches. These programs are based on scientific research and are tailored to meet the individual needs of clients, typically delivered over an 8-week period. AbleTo partners with health plans and employers to enhance mental health care access and improve employee well-being. The company stands out by emphasizing continuous training for its therapists and clinical oversight from experienced professionals, ensuring high-quality care. The goal of AbleTo is to make mental health support accessible, personalized, and effective for a diverse range of clients.
Simplify's Take
What believers are saying
- Increased demand for virtual mental health services boosts AbleTo's market reach.
- AI integration enhances the effectiveness of AbleTo's evidence-based programs.
- Expansion of mental health parity laws increases insurance coverage for AbleTo's services.
What critics are saying
- Emerging mental health platforms increase competition for AbleTo.
- UnitedHealth Group acquisition may impact AbleTo's operational autonomy.
- Dependency on Sun Life partnership poses revenue risk if partnership changes.
What makes AbleTo unique
- AbleTo offers personalized, evidence-based virtual therapy programs with licensed therapists.
- The company integrates AI to enhance therapy personalization and effectiveness.
- AbleTo partners with health plans and employers to provide accessible mental health care.
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Funding
Total Funding
$59.9M
Below
Industry Average
Funded Over
4 Rounds
Benefits
Progressive parental leave - A most modern benefit so both new mothers and fathers can bond as a family.
Fully-funded HRA - You and your family’s health are important to us, so we fund a generous HRA that fully covers most deductibles.
Creative lifestyle benefits - Enjoy discounts on entertainment and travel, as well as complimentary fitness classes and spa treatments for you and your family.
Generous time off - We encourage individual holiday traditions and work-life balance, so in addition to corporate holidays and paid time off (PTO), we offer two floating holidays and three mental health days.
Telecommuting and flexible working arrangements - Whether full-time, part-time, or once in a while, we trust you to work from the comfort of your own home. Or on your patio. That works for us too.
Immediate 401(k) matching - We won’t wait a year or two to invest in your future— participate in 100% vesting from day 1.
Growth & Insights and Company News
6 month growth
↓ -2%1 year growth
↑ 0%2 year growth
↑ 0%AbleTo provides virtual behavioral health services to covered members receiving disability or critical illness benefits due to a cancer diagnosis. Goodpath provides integrative virtual whole-person care and coaching to those on disability for musculoskeletal conditions of the neck or back or for long COVID-19 symptoms. Both programs provide Sun Life members with personal support to help them through their medical condition with the goal of improving health and returning to productivity sooner.Results show that AbleTo's behavioral health program significantly reduced depression, anxiety, and stress, while Goodpath's program resulted in meaningful reductions in pain and improvement of physical and mental health symptoms."With these partnerships, we are able to drive improved outcomes for our members, help them further address their health needs and, if possible, help them return to better health and work," said Sheila Sokolski, assistant vice president, Group Benefits Product and Marketing, Sun Life U.S. "We're pleased to know that these programs will have positive outcomes for our employer clients as well, helping them retain valued employees and contributing to stronger health and productivity outcomes.""The data has exceeded our expectations, so we're very excited to engage more members in these programs," said Sheila Weiss, R.N., assistant vice president, Group Claims and Clinical Services, Sun Life U.S. "As virtual services, the AbleTo and Goodpath programs meet people where they are, broadening access to care for more of our members, including those who otherwise may not be able to see a mental health specialist or receive health and wellness coaching. We continue to expand our focus on member health, strengthening our disability management practice."AbleTo's behavioral health service is an eight-week program offered to eligible members receiving short-term disability or critical illness benefits due to cancer
UnitedHealthcare has partnered with Ableto to give you on-demand access to self-help for stress and emotional well-being.
In June 2020, AbleTo, Inc., a leading provider of virtual mental health services, announced an integrated suite of solutions for payers to address the growing mental health needs across their populations with AbleTo's highly effective care model.
AbleTo, Inc., a leading provider of high-quality, evidence-based virtual mental health therapy and coaching solutions, has launched Self Care+, an on-demand digital program designed for emotional well-being and self-guided care that brings together the best of Sanvello, a leading mental telehealth company, with AbleTo.
WELLESLEY, Mass., July 11, 2022 /PRNewswire/ -- Sun Life U.S. has announced a unique partnership with AbleTo, a virtual behavioral health therapy and coaching program, to offer mental health support services to Sun Life disability and critical illness members receiving benefits due to a cancer diagnosis. In a focused evaluation of disability claims for members with cancer, Sun Life's Clinical Claims Innovation Lab saw significant need for mental health intervention to address conditions like stress, anxiety, and depression. AbleTo's program, which focuses on holistic, personalized mental health care, is designed to help people cope with difficult medical diagnoses. "Access to mental and behavioral health services has become a priority for so many across the country, particularly with regard to remote or virtual settings," said Sheila Sokolski, assistant vice president of Life, Absence and Disability products at Sun Life U.S. "By partnering with AbleTo, we can bring our members convenient, confidential access to mental health services from the comfort and privacy of their own homes. This program can help our members more effectively manage their cancer diagnosis and treatment plan, as well as maintain mental wellness throughout their medical journey."
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About AbleTo
Industries
Consumer Software
Healthcare
Company Size
501-1,000
Company Stage
Late Stage VC
Total Funding
$59.9M
Headquarters
New York City, New York
Founded
2008
There are no jobs for AbleTo right now.
Find jobs on Simplify and start your career today