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Overview
Backpack Healthcare provides mental and behavioral health care for children, teens, and their families in Baltimore. It offers cognitive talk therapy, medication management, and psychiatry services. The practice uses a model that makes intervention faster and scheduling easier, with full use of telehealth to reach patients remotely. It aims to make care more personal, accessible, and inclusive, offering same-day or next-day appointments so families don’t have to wait. They also share newsletters to keep people informed about health care news. Overall, the goal is to help people understand that emotional and behavioral health should not be ignored and to make getting care simpler and timely.
About Backpack Healthcare
Industries
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$17.1M
Headquarters
Elkridge, Maryland
Founded
2021
Simplify's Take
What believers are saying
- Secured $14M Series A from PACE on May 7, 2024, to scale services.
- Top-performing U.S. pediatric Medicaid mental health provider in four years.
- Addresses 40M Medicaid/CHIP youth shortage with inclusive telehealth.
What critics are saying
- Headspace erodes market share with superior AI and 20M youth capture in 12-18 months.
- Lyra undercuts pricing with zero copay, driving 30% churn in 6-12 months.
- Maryland cuts 15% telepsychiatry reimbursements, slashing Baltimore margins in 3-6 months.
What makes Backpack Healthcare unique
- Backpack Healthcare delivers AI-driven app and teletherapy for pediatric Medicaid youth.
- Provides same-day appointments via telehealth for faster behavioral health access.
- Personalized care model reimagines therapy for underserved children nationwide.
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Funding
Total Funding
$17.1M
Meets
Industry Average
Funded Over
3 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
PTO
Remote Work Options
Flexible Work Hours
Paid Vacation
Paid Holidays
Hybrid Work Options
401(k) Company Match
Wellness Program
Mental Health Support
Conference Attendance Budget
Professional Development Budget
Stock Options
Company Equity
Family Planning Benefits
Fertility Treatment Support
Adoption Assistance
Childcare Support
Home Office Stipend
Phone/Internet Stipend
Training Programs
Tuition Reimbursement
Professional Certification Support
Mentorship Program
Relocation Assistance
Employee Referral Bonus
Performance Bonus
Profit Sharing
Sabbatical Leave
Parental Leave
Adoption Assistance
Meal Benefits
Commuter Benefits
Gym Membership
Wellness Program
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -3%2 year growth
↑ 1%Backpack Healthcare, previously known as Youme Healthcare, has secured $14 million in Series A funding to enhance its AI-driven app and teletherapy services for pediatric mental health. Led by PACE Healthcare Capital, the round includes various investors and focuses on supporting Medicaid-enrolled youth. The initiative addresses the critical shortage of mental health services accessible to over 40 million children on Medicaid or CHIP in the U.S.
Youme Healthcare has filed a notice of an exempt offering of securities to raise $3,500,000.00 in New Debt Financing. Youme Healthcare has filed a notice of an exempt offering of securities to raise $3,500,000.00 in New Debt Financing.According to filings with the U.S. Securities and Exchange Commission, Youme Healthcare is raising $3,500,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Hafeezah Muhammad played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.About Youme HealthcareHappiness cant wait. At Youme, we recognize that no childs needs are quite the same. So we reimagined the typical care model to make it more personal, more accessible, and more inclusive
The merged company has a new name, and a new mission.
Techstars Healthcare is proud to announce the 12 startups selected for the Class of 2023. These passionate teams are going after big ideas in healthcare, ranging from maternal health to chronic disease management to medical devices.
Editor’s note: These figures may vary slightly, as some deals aren’t accounted for until weeks after quarterly VC reports are published.If a reported drop in VC activity between 2022’s second and third quarters suggested that Baltimore was experiencing the nationwide impacts of recessionary fears, then the Q4 numbers undermine that narrative — even if, according to a local expert, they are woefully incomplete. The Q4 2022 edition of the Venture Monitor, which the National Venture Capital Association and PitchBook publicly released on Thursday, shows the Baltimore-anchored metropolitan statistical area (MSA) reporting $132.36 million in VC investment across 15 deals. Q4 investment was nearly double the sum of Q3, during which $71.84 million flowed across 17 deals. This quarter-to-quarter increase in 2022’s second half, while impressive, did not translate to 2022 surpassing the historic highs of 2021. In that year, according to the latest Venture Monitor (which adjusts to incorporate deals missed when prior quarterly reports come out), $824.83 million flowed through 108 deals. By contrast, 2022 saw $577.45 million across 88 transactions
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About Backpack Healthcare
Industries
Enterprise Software
Healthcare
Company Size
51-200
Company Stage
Series A
Total Funding
$17.1M
Headquarters
Elkridge, Maryland
Founded
2021
Backpack Healthcare is Hiring for 5 Jobs on Simplify!
Find jobs on Simplify and start your career today