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aptihealth

B2B2C virtual behavioral health platform

Overview

Aptihealth delivers virtual-first behavioral health care by partnering with health plans and health systems to serve their members, including children and adults. Care teams pair a dedicated therapist and prescriber, supported by a digital platform that tracks progress and adapts treatment, while offering patients access to digital tools. The service targets higher-acuity conditions such as severe depression, anxiety, and PTSD and coordinates care within existing healthcare organizations rather than direct-to-consumer outreach. Its goal is to expand access to effective behavioral healthcare by embedding coordinated, high-quality mental health services inside partner organizations.

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About aptihealth

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

Industries

Data & AnalyticsEnterprise SoftwareHealthcare

Company Size

51-200

Company Stage

Series B

Total Funding

$75.8M

Headquarters

Boston, MA

Founded

2017

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Simplify's take

What believers are saying

  • MVP statewide rollout in December 2025 expands access across New York immediately.
  • Aptihealth reported stronger follow-up care and medication management over the prior eighteen months.
  • December 2025 leadership reset under Rick Smith signals a post-scandal operating reboot.

What critics are saying

  • June 2026 DOJ settlement admits false Medicare and Medicaid billing through 2023.
  • Rick Smith replaced Dan Pickett in December 2025 after governance and leadership instability.
  • Pickett’s public fallout and fraud admission threaten payer trust, making enterprise renewals harder.

What makes aptihealth unique

  • Virtual-first behavioral care for high-acuity patients with therapists, prescribers, and peer support.
  • December 2025 MVP expansion covers all New York members using aptihealth’s integrated platform.
  • Aptihealth coordinates physicians, health systems, and community groups around value-based behavioral health contracts.

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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
$45M
$65M
$100M

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

6 month growth

2%

1 year growth

2%

2 year growth

6%
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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