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Modern Health

Modern Health

Personalized mental health care solutions for enterprises

About

Modern Health provides personalized mental health care solutions for businesses around the world. Their platform connects employees and their families with certified coaches and licensed therapists who offer evidence-based care in over 50 languages. The service focuses on preventative care, aiming to address mental health issues before they escalate. Unlike many competitors, Modern Health emphasizes a culturally sensitive and tailored approach to mental health, ensuring that care meets the unique needs of each individual. The company partners with enterprises, which pay for access to the platform as part of employee benefits, helping to enhance employee resilience and productivity. The goal of Modern Health is to make mental health care easily accessible and actionable, supporting the well-being of the modern workforce.

Company Stage

Series D

Employees

501-1,000

Industries

Enterprise Software, Healthcare

Total Funding

$188.8M

Headquarters

N/A

Founded

2017


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Simplify's Take

What believers are saying

  • Recognition as a Great Place to Work for three consecutive years highlights a strong internal culture and employee satisfaction.
  • Partnerships with high-profile companies and media figures, such as Naomi Osaka, enhance Modern Health's visibility and credibility.
  • The launch of the Physical Well-Being Pathways Collection positions Modern Health as a comprehensive health care provider, potentially increasing its market share.

What critics are saying

  • The crowded mental health care market requires Modern Health to continuously innovate to maintain its competitive edge.
  • Expansion into physical health care could dilute the company's focus and resources, potentially impacting the quality of its mental health services.

What makes Modern Health unique

  • Modern Health's platform uniquely integrates mental and physical health care, setting it apart from competitors who often treat these areas separately.
  • The company's culturally centered and personalized approach ensures that care is tailored to individual needs, enhancing engagement and effectiveness.
  • Modern Health's global reach, offering services in over 50 languages, makes it a versatile solution for multinational corporations.

Growth & Insights
Headcount

6 month growth

1%

1 year growth

2%

2 year growth

0%

Benefits

Health and Wellness - Our benefits are designed to keep you safe and healthy. We’ve got you 100% covered for health, dental and vision insurance.

Professional Development - Make a meaningful difference at a rapidly growing start-up. We also offer every employee an annual professional development stipend, LinkedIn Learning subscription, and WFH stipend.

Family Matters - We celebrate all paths to parenthood by offering the fertility benefit Carrot, 16 weeks parental leave, and a child care stipend. We also offer access to Outschool which provides over 100,000 (and counting!) live, online activities for learners ages 3-18.

Giving Back - We encourage team members to donate their skills and time in their communities, and we match donations to causes several times a year.

Flexible Paid Time Off - Time off is important for rejuvenation and bringing your full self to work. No matter what life throws your way, we want you to have space to do so - guilt free.

Long-Term Planning - All full-time employees are eligible to contribute to a 401(k) plan. We are also proud to offer financial advising services through Origin.

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