Headway

Headway

Connects patients with affordable mental health services

About

Headway simplifies finding and paying for mental health therapy by connecting individuals with therapists and psychiatrists who accept insurance. Users can filter through thousands of providers to find the right match, making mental health care more accessible and affordable. For providers, Headway reduces the administrative burden of accepting insurance, allowing them to focus on patient care. The goal is to create a more efficient mental healthcare system that improves access to therapy for individuals while supporting providers.

Company Stage

Late Stage VC

Employees

1,001-5,000

Industries

Healthcare

Total Funding

$318.1M

Headquarters

New York City, New York

Founded

2019


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Simplify's Take

What believers are saying

  • Raised $100M in Series D to expand into Medicare Advantage and Medicaid.
  • Partnerships with Cigna and Blues plan to expand services to all 50 states.
  • Growing demand for telehealth services boosts Headway's market potential.

What critics are saying

  • Increased competition from platforms like BetterHelp and Talkspace.
  • Potential backlash from professionals feeling undervalued by Headway's platform.
  • Regulatory scrutiny as Headway expands into Medicare Advantage and Medicaid.

What makes Headway unique

  • Headway simplifies finding and paying for therapy with an insurance-accepting provider network.
  • It reduces administrative burdens for mental health professionals, enhancing focus on patient care.
  • Headway's platform offers both virtual and in-person therapy sessions, increasing accessibility.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

1%

Benefits

Equity Compensation

Medical, Dental, and Vision coverage

HSA / FSA

401K

Work-from-Home Stipend

Therapy Reimbursement

16-week parental leave for eligible employees

Carrot Fertility annual reimbursement and membership

13 paid holidays each year as well as a Holiday Break during the week between December 25th and December 31st

Flexible Paid Time Off

Employee Assistance Program (EAP)

Training and professional development

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