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Modern Health
Work Here?
Personalized mental health care solutions for enterprises
Modern Health
Work Here?
Personalized mental health care solutions for enterprises
About Modern Health
Industries
Consulting
Healthcare
Company Size
501-1,000
Company Stage
Series D
Total Funding
$162.8M
Headquarters
San Francisco, California
Founded
2017
Overview
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. This service is accessible through a single app, making it easy for users to find the support they need. Modern Health focuses on preventative care, aiming to address mental health issues before they escalate. Unlike many competitors, Modern Health emphasizes a culturally sensitive approach and tailors care to meet the unique needs of each individual. The company partners with enterprises, which pay for access to the platform as part of employee benefits, ensuring a steady revenue stream while enhancing employee resilience and productivity. The goal of Modern Health is to improve mental well-being in the workplace by providing high-quality, accessible mental health care.
Simplify's Take
What believers are saying
- Acquisition of Anvil Health's AI tech enhances mental healthcare delivery.
- Partnerships with high-profile figures boost brand visibility and credibility.
- Recognition as a Great Place to Work aids in recruitment and retention.
What critics are saying
- Increased competition from AI-integrated platforms like Ginger and Lyra Health.
- Integration challenges with Anvil Health's AI tech may disrupt service delivery.
- Economic downturns could threaten the subscription-based revenue model.
What makes Modern Health unique
- Modern Health offers therapy, coaching, and courses in one seamless app.
- The platform supports 35 languages, enhancing accessibility for global users.
- Modern Health emphasizes preventative care, addressing issues before they become critical.
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Funding
Total Funding
$162.8M
Meets
Industry Average
Funded Over
5 Rounds
Kleiner Perkins
Battery Ventures
Founders Fund
Y CombinatorIndustry standards
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.
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↑ 0%2 year growth
↑ 0%AVIZVA, a health-tech organization that offers a variety of solutions for healthcare enterprises, that it has appoints James Vertino as its new CEO.Model N appoints Bret Connor as Chief Executive Officer. The Board of Directors of Blue Shield of California appoints Lois Quam as chief executive officer to lead Blue Shield of California, the first woman to serve as CEO in the health plan’s 86-year history. She joined the company as president in 2024. Yaqrit, a late-stage biotech and medtech company developing lifesaving treatments for advanced liver diseases appoints Troels Jordansen has joined Yaqrit as Chief Executive Officer.OP Solutions names Michael Kallish as Chief Executive Officer, effective immediately.Access TeleCare appoints Dr. Michael Genovese to Chief Medical Officer for Behavioral Health.Enveda appoints Jason Kim as Chief Financial Officer (CFO).Eko Health appoints of Justin Spencer as Chief Financial Officer (CFO). (Pull from site)Qure.ai appoints Jim Mercadante as its new Chief Commercial Officer. (Pull from site)Symplr, appoints Dr
Modern Health welcomes Adam Brown as Chief Financial Officer.
Further, Modern Health has recently been recognized as a 2024 Great Place To Work and honored by Nasdaq for providing 5 million moments of care to people worldwide.
Modern Health Acquires Anvil Health’s AI Technology to Enhance Mental Healthcare by Fred Pennic 08/08/2024 Leave a Comment What You Should Know: – Modern Health, a global workplace mental health platform, announced today the acquisition of Anvil Health’s AI technology and the appointment of Paul Clark as Head of AI Strategy. – The strategic acquisition reinforces Modern Health’s dedication to leveraging cutting-edge technology to improve mental health outcomes and expand access to care. Paul Clark Bio/Background Anvil Health, co-founded by Paul Clark and Jon Bischke, developed Ascribe, an AI-powered solution designed to optimize the healthcare provider experience. With over two decades of experience in technology leadership, Paul Clark brings a wealth of expertise to Modern Health. In his new role, he will lead the development of the company’s AI technology strategy and drive initiatives to enhance the member and customer experience. Addressing the Mental Health Crisis Mental health is a growing global concern, with half of those diagnosed failing to receive adequate treatment. Traditional approaches to mental healthcare often prove ineffective and inaccessible
Modern Health Recognized for its Culture and Community Impact Following a Year of Continued Momentum and Global GrowthSAN FRANCISCO, July 02, 2024--(BUSINESS WIRE)--Modern Health, a leading global workplace mental health platform, is proud to be Certified™ by Great Place To Work® for the third time. The prestigious award is based entirely on what current employees say about their experience working at Modern Health. This year, 88% of employees said it’s a great place to work – 31 percentage points higher than the average U.S. company. Great Place To Work® is the global authority on workplace culture, employee experience, and leadership behaviors proven to deliver market-leading revenue, employee retention, and increased innovation."This certification is a testament to the culture of compassion, innovation, and purpose we’ve cultivated," comments Alyson Watson, founder and CEO of Modern Health. "This recognition fuels our passion to continue transforming workplace mental health globally, starting with our own
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About Modern Health
Industries
Consulting
Healthcare
Company Size
501-1,000
Company Stage
Series D
Total Funding
$162.8M
Headquarters
San Francisco, California
Founded
2017
Modern Health is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today