PATH

PATH

Telehealth platform for mental health services

About PATH

Simplify's Rating
Why PATH is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Healthcare

Company Size

201-500

Company Stage

Series B

Total Funding

$110.9M

Headquarters

Los Angeles, California

Founded

2019

Overview

Path Mental Health is a digital platform that focuses on providing mental health services through telehealth. It helps individuals find suitable therapists by matching them based on their preferences, insurance information, and specific needs. By partnering with major insurance carriers, Path makes mental healthcare more affordable and accessible to a wider audience. The platform features a network of over 8,000 licensed therapists who have undergone thorough background checks, ensuring high-quality care for clients. Additionally, Path offers telehealth sessions, allowing clients to connect with therapists via live video from the comfort of their own homes. The goal of Path Mental Health is to simplify the process of accessing mental health support and to make therapy more reachable for everyone.

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Simplify's Take

What believers are saying

  • Telehealth demand has surged, with a 38-fold increase in usage since pre-COVID-19.
  • Digital mental health platforms are proven effective, comparable to face-to-face therapy.
  • The mental health app market is projected to grow at a 20.5% CAGR until 2030.

What critics are saying

  • Rula Health's partnership with Amazon could threaten Path's market share.
  • Rula Health's network of 10,000 providers surpasses Path's therapist network.
  • Rula's executive team expansion may enhance their competitive positioning.

What makes PATH unique

  • Path offers personalized therapist matching based on client preferences and insurance details.
  • The platform boasts a network of over 8,000 fully-licensed therapists nationwide.
  • Path provides affordable mental healthcare through partnerships with major insurance carriers.

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Funding

Total Funding

$110.9M

Above

Industry Average

Funded Over

3 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
Above Average

Industry standards

$35M
$45M
Linktree
$65M
Substack
$88M
PATH
$100M
ClickUp

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

2%

1 year growth

-1%

2 year growth

11%
Hit Consultant
Nov 22nd, 2024
Rula Health & Amino Health Partner For Mental Healthcare Access

Rula Health Amino Health Partner for Mental Healthcare Access. by Syed Hamza Sohail 11/22/2024 Leave a Comment. What You Should Know:– Rula Health, a behavioral health company focused on delivering timely access to high-quality care, today announced a partnership with Amino Health, a leading digital healthcare navigation company.– Through the partnership, Amino Health members will now have access to Rula’s nationwide network of more than 10,000 in-network providers representing more than 80 clinical specialties and a diverse range of backgrounds. Rula and Amino Health: Expanding Access to Comprehensive Mental Health CareRula is redefining access to in-network mental health care by offering a streamlined platform that prioritizes progress for individuals, couples, and families. With a diverse network of over 10,000 licensed providers, Rula ensures nationwide next-day therapy availability, psychiatric services in 31 states, and 24/7 crisis support. Patients can:Match with a best-fit provider within minutes.Confirm out-of-pocket insurance costs upfront.Attend telehealth sessions and track progress on a single, user-friendly platform.Access live, human support whenever needed.The partnership between Rula Health and Amino Health aims to simplify mental health care access and help patients find providers aligned with their preferences and expertise. On the Amino Health platform, Rula providers are distinguished by a trusted Rula badge, allowing members to:Review detailed provider profiles and availability.Schedule appointments directly, with options as soon as the next day.Addressing a significant unmet need, this collaboration targets the 55% of U.S

Hit Consultant
Nov 7th, 2024
Rula Joins Amazon’S Health Condition Programs To Improve Mental Healthcare Access

What You Should Know:–  Rula Health, a behavioral health company focused on improving access to mental healthcare, today announced a collaboration with Amazon Health Services to provide more ways for Amazon customers to find and receive essential mental healthcare.–  With a network of over 10,000 providers representing more than 80 clinical specialties and a diverse range of backgrounds, Rula Health is the latest behavioral health provider to join Amazon’s Health Condition Programs. Expanding Access to Affordable Behavioral Health Care Through Rula’s Comprehensive NetworkRula is redefining behavioral healthcare by providing high-quality, affordable mental health services across the U.S. With a network of over 10,000 diverse providers, Rula offers therapy for individuals, couples, and families in all 50 states, plus D.C., and provides psychiatric services in 31 states. Key benefits of Rula’s services include:– Wide Insurance Acceptance: Rula collaborates with major insurance networks, including Aetna/CVS, Anthem/Elevance, Cigna/Evernorth, Kaiser, United Healthcare/Optum, and numerous Blue Cross and Blue Shield plans, covering over 120 million insured individuals and ensuring affordable care with a typical copay of $15 per session.– Easy Provider Matching: With an intuitive search platform, patients can visit rula.com to select a provider that aligns with their specific needs and preferences, often securing appointments as soon as the next day.Recognizing the mental health needs of the U.S. population, where 60 million people live with a mental health condition and only half receive care, Rula’s partnerships make it easier for insured individuals to access specialized care covered by their plans. Rula has already facilitated millions of therapy hours since 2019 and continues to grow accessibility through collaborations like its recent partnership with Amazon.Enhancing Accessibility Through Rula’s Amazon PartnershipIn collaboration with Amazon, Rula is streamlining discoverability and accessibility for mental health support, providing users with convenient and effective provider matching. Amazon customers can find mental health providers on Rula’s platform by searching keywords like “anxiety relief” or “stress relief” on Amazon.com

PR Newswire
Jul 11th, 2024
Rula Health Appoints Chief Medical Officer, Doug Newton, Md, Mph

Executive team expansion will support recent growth and further the company mission of making mental healthcare work for everyone.LOS ANGELES, July 11, 2024 /PRNewswire/ -- Rula Health, formerly known as Path Mental Health, a leading behavioral health company focused on improving access to high-quality, personalized, and covered mental healthcare, announced the appointment of Douglas Newton, MD, MPH, as Chief Medical Officer. Bringing with him nearly 20 years of experience as a physician and behavioral health leader, Doug will oversee all clinical care and strategy at Rula, ensuring patients receive the highest quality care and that providers are fully supported along the way.Doug's experience leading Optum and Kaiser Permanente's respective national pediatric mental health and wellness and behavioral health teams — plus previously running his own private practice — provides him with a deep understanding of the unique challenges and perspectives that all mental health stakeholders face. This positions him to serve as an effective bridge between patients, payers, and providers. With a background in psychiatry and public health, Doug is well-versed in the behavioral healthcare model and what it takes to substantially improve mental healthcare for patients, providers, and the industry as a whole."I feel strongly that personalized behavioral healthcare requires deep patient understanding and a strong clinical foundation of care delivery. We must deliver care that's tailored to each individual, using methods and practices that have proven to drive patient outcomes," said Doug."Because my previous experience has touched various aspects of behavioral healthcare and has allowed me to interface directly with patients and other providers, I believe I bring additional perspective to the Rula Health executive team to further support the accessibility of quality, affordable behavioral health services."This recent appointment comes after a company rebrand, reemphasizing Rula's continued effort toward making high-quality mental and behavioral healthcare accessible to all. As mental health continues to worsen in the U.S., Rula is at a unique moment of rapid — and necessary — growth

PR Newswire
Nov 16th, 2023
Path Mental Health Expands Executive Team with New CCO, COO, and GC

Jay Meyers joins Path as the company's Chief Commercial Officer.

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