aptihealth

aptihealth

B2B2C virtual behavioral health platform

Overview

Aptihealth provides virtual-first behavioral health care by partnering with health plans and health systems to deliver mental health services to their members, including children, adolescents, and adults. Its care model assigns a dedicated therapist and prescriber to each patient, supported by a proprietary digital platform that tracks progress, adjusts treatment plans, and gives patients access to digital tools, all within the partner organizations’ ecosystem. The company differentiates itself through its scale from health system and plan partnerships, a focus on higher-acuity conditions, a multidisciplinary care team, and a platform that coordinates treatment and progress in a virtual-first setting. Its goal is to expand access to high-quality behavioral healthcare for a large population by embedding coordinated care inside existing healthcare organizations.

About aptihealth

Simplify's Rating
Why aptihealth is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Healthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$75.8M

Headquarters

Boston, Massachusetts

Founded

2017

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Simplify's Take

What believers are saying

  • MVP statewide expansion adds all New York members to aptihealth's addressable base.
  • Aptihealth's 2025 leadership reset strengthens execution around value-based partnerships and clinical quality.
  • Higher-acuity virtual care fits health plans seeking lower total cost and faster access.

What critics are saying

  • DOJ settled False Claims Act allegations on June 23, 2026 for $300,000.
  • A former employee whistleblower alleged no-show billing, unsupported messages, and gift-card inducements.
  • Compliance failures invite payer audits, contract terminations, and existential Medicaid exclusion within 12 months.

What makes aptihealth unique

  • Rick Smith became CEO on December 3, 2025, after operational transformation.
  • MVP Health Care statewide partnership on December 9, 2025 deepens payer distribution.
  • Advanced Care Program targets higher-acuity patients with integrated therapy, prescribing, and monitoring.

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Funding

Total Funding

$75.8M

Below

Industry Average

Funded Over

4 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Below Average

Industry standards

$35M
$30M
Patreon
$45M
Linktree
$65M
Substack
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Company Match

Life Insurance

Remote Work Options

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Behavioral Health Business
Sep 7th, 2023
Kipu Health, Array Behavioral, Appoint New CEOs; aptihealth Fills Out C-Suite

Edwards comes from digital health company Quil Health, where she was CEO.

PR Newswire
Aug 25th, 2023
Chris Betz Named Chief Technology Officer Of Aptihealth

Betz brings wealth of behavioral health platform, EHR, and technology expertise to leading virtual-first behavioral healthcare providerSARATOGA SPRINGS, N.Y., Aug. 25, 2023 /PRNewswire/ -- aptihealth, the leading tech-driven behavioral healthcare provider built for higher-acuity care, today announced that Chris Betz has joined the organization as Chief Technology Officer. Recently, aptihealth had the privilege of supporting David, who found himself using substances, homeless, unemployed, isolated, and hopeless. David’s journey is an example of the profound benefits that our care provides. Through our dedicated efforts and David's courage to change, he has experienced a remarkable transformation. Today, David's has his life back and he's looking forward to a future full of promise and hope

PR Newswire
Jul 31st, 2023
Regina Pitstick Named Senior Vp Of Aptihealth Medical Group

Pitstick brings product, operations, and value-based care expertise to leading behavioral health providerSARATOGA SPRINGS, N.Y., July 31, 2023 /PRNewswire/ -- aptihealth, the leading tech-driven behavioral healthcare provider built for higher acuity care, today announced that Regina Pitstick has joined the organization as Senior Vice President of aptihealth Medical Group. Recently, we had the privilege of supporting David, who found himself using substances, homeless, unemployed, isolated, and hopeless. David’s journey is an example of the profound benefits that our care provides. Through our dedicated efforts and David's courage to change, he has experienced a remarkable transformation. Today, David's has his life back and he's looking forward to a future full of promise and hope. Learn more at aptihealth.comMost recently, Pitstick was VP Advocacy Product Innovation for the Employer and Individual segment at UnitedHealth Group, where she drove the company's product strategy and vision, focused on delivering a seamless, personalized patient experience

Times Union
Feb 24th, 2022
aptihealth partners with St. Peter's Health Partners, Inc.

Aptihealth, a company with roots in Troy that provides a technological platform that allows psychologists and psychiatrists to conduct online or phone-based therapy sessions, is joining forces with St. Peter’s Health Partners (SPHP).

The Business Journals
Nov 17th, 2021
Behavioral health telemedicine startup Aptihealth raises $50M

Aptihealth has grown quickly since Dan Pickett was named CEO in April 2020.

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