Spring Health

Spring Health

Personalized mental health solutions for employers

About Spring Health

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

Industries

Healthcare

Company Size

1,001-5,000

Company Stage

Series E

Total Funding

$465M

Headquarters

New York City, null

Founded

2016

Overview

Spring Health provides personalized mental health solutions aimed at improving employee well-being for organizations and health plans. Their main offering, Precision Mental Healthcare, tailors mental health support to individual needs, which can include digital resources, meditation, therapy, and medication. Users begin with a brief assessment that leads to a customized care plan and a list of appropriate providers from Spring Health's network. The platform is user-friendly, allowing users to schedule appointments and access wellness exercises easily. A unique feature is the Care Navigator, which offers clinical guidance and emotional support throughout the mental health journey. Unlike competitors, Spring Health focuses on a personalized approach to mental health care, ensuring that each individual receives the most suitable support. The company's goal is to enhance mental well-being in the workplace by providing comprehensive and accessible mental health services.

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Simplify's Take

What believers are saying

  • Spring Health's AI integration sets a new industry standard for responsible mental healthcare.
  • The ROI performance guarantee ensures financial returns for employers using Spring Health.
  • Spring Health's Community Care solution addresses mental health equity and social determinants.

What critics are saying

  • Emerging startups with AI-driven solutions may increase competition for Spring Health.
  • Economic downturns could reduce budgets for employer-sponsored mental health programs.
  • Rapid technological advancements may increase operational costs for platform updates.

What makes Spring Health unique

  • Spring Health uses Precision Mental Healthcare for personalized mental health solutions.
  • The company integrates AI ethically to enhance mental healthcare delivery.
  • Spring Health offers a neurodiversity hub for tailored support to neurodivergent individuals.

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Funding

Total Funding

$465M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.
Series E Funding Comparison
Meet Average

Industry standards

$100M
$245M
Stripe
$250M
Reddit
$1250M
Epic Games
$1500M
Airbnb

Benefits

Retirement benefits

Paid time off

Healthcare benefits

Insurance benefits

Work-life benefits

Mental health benefits

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

1%

2 year growth

1%
PR Newswire
Apr 24th, 2025
Spring Health Sets A New Standard For Responsible Ai In Mental Healthcare

Clinically rigorous, human-first AI powers personalized, connected care across the entire mental health journeyNEW YORK, April 24, 2025 /PRNewswire/ -- Spring Health, the leading global mental health solution for employers and health plans, today unveiled its principled approach to artificial intelligence (AI)—establishing a new industry benchmark for how AI can ethically and effectively enhance mental healthcare.Rooted in science and guided by empathy, Spring Health's AI is seamlessly embedded across its fully integrated mental health and workplace wellness platform—including a purpose-built EHR, personalized member app, and real-time employer analytics. This unified system delivers more than just a connected experience—it drives the fastest recovery times in the industry and sets a new standard for ROI. All while preserving the trust, transparency, and human connection that define exceptional care."AI can transform mental healthcare—but only if it's built with integrity, not hype," said Gijo Mathew, Chief Product Officer at Spring Health. "Our AI is designed to be powerful and principled. It's grounded in clinical evidence, ethically governed, and built to support the essential human elements of care."A Responsible, Real-World Approach to AIUnlike generic or experimental AI offerings, Spring Health's approach is based on nearly a decade of clinical insights and real-world outcomes. This foundation enables high-impact features like intelligent intake guidance, in-the-moment support, personalized care recommendations, and clinical decision support—all designed to improve outcomes and reduce friction across the care journey.Built to Strengthen, Not SubstituteSpring Health's AI is built to enhance—not replace—the work of therapists

Yahoo Finance
Mar 19th, 2025
Allstate India Enhances Mental Health Resources for Employees

BANGALORE, India, March 19, 2025 /PRNewswire/ - To further enhance employee well-being, Allstate India recently announced its partnership with Spring Health, a global leader in mental health and wellness solutions.

PR Newswire
Mar 18th, 2025
Spring Health Launches Neurodiversity Hub To Support Employees, Families, And Leaders

New offering delivers tailored mental health care and resources for neurodivergent individuals in the workplace.NEW YORK, March 18, 2025 /PRNewswire/ -- Spring Health is making mental health support more inclusive with the launch of its neurodiversity hub—a dedicated space within its platform that offers specialized care, coaching, and resources for neurodivergent employees, their families, and workplace leaders.With 1 in 5 people identifying as neurodivergent, workplaces need better solutions to help every employee succeed. Traditional mental health benefits often fall short, leaving employees without the tailored support they need. Spring Health's neurodiversity hub closes this gap by providing easy, personalized access to expert care and education—helping companies build more inclusive, high-performing teams."Every workplace has neurodivergent employees, but most lack the right support to help them thrive," said Dr. Adam Chekroud, co-founder of Spring Health. "This hub makes it simple for individuals, parents, and managers to access the care and tools they need to succeed."Spring Health's neurodiversity hub provides:Specialized Therapists & Coaches – Quick access to providers specializing in ADHD, autism, executive functioning, and more. Members can see a provider in one day or less.– Quick access to providers specializing in ADHD, autism, executive functioning, and more

PR Newswire
Mar 13th, 2025
Spring Health Delivers Long-Term Cost Savings For Mental Health Benefits

Employers now get a money-back guarantee on mental health investments, backed by the largest and longest ROI study in the industry.NEW YORK, March 13, 2025 /PRNewswire/ -- Spring Health is raising the bar for employer-backed mental health benefits with its ROI performance guarantee—ensuring companies see increasing financial returns or get their money back*. This guarantee follows a landmark independent study from the Validation Institute , which confirms that Spring Health delivers long-term healthcare savings.Guaranteed ROI, Year Over YearSpring Health's performance guarantee sets a new industry standard, providing employers with measurable increasing multi-year financial accountability. Under this research-backed guarantee, companies can expect to see:Year 1: Cost neutrality—savings on healthcare claims match program costs.Year 2: 1.5x ROI—for every $1 spent, employers save at least $1.50 .spent, employers save at least. Year 3: 2x ROI—for every $1 spent, employers save at least $2 ."With medical trends expected to rise to the highest level in 13 years, CFOs are scrutinizing every dollar of spending, and they need proof that incremental investments will yield real return," said Dr. Adam Chekroud, Co-Founder and President of Spring Health. "Our commitment goes beyond delivering best-in-class technology and clinical care

PR Newswire
Feb 6th, 2025
Spring Health Study Published In Jama Network Open Demonstrates 1.9X Roi Of Employer-Sponsored Behavioral Health Benefits

Three-and-a-half-year study reveals overall health plan costs decrease by $190 for every $100 invested in mental health benefitsNEW YORK, Feb. 6, 2025 /PRNewswire/ -- Spring Health , the leading global mental health solution for employers and health plans, today unveiled data from a peer-reviewed study that validates the return on investment (ROI) of employer-sponsored mental health benefits. The study, published in JAMA Network Open , sets a new benchmark in the behavioral health space, and reveals that expanding access leads to substantial healthcare savings for both employers and health plans.The study supports the credibility of Spring Health's industry-first ROI performance guarantee, announced in 2024, which assures that each dollar spent on Spring Health's clinical services save more than a dollar in total healthcare costs.The study evaluated 13,990 participants from seven different employers who were eligible for Spring Health's employer-sponsored behavioral health benefit from November 2019 to May 2023. The findings underscore the financial value of providing timely access to behavioral health support–including rapid access to psychotherapy and medication management.Spring Health's study employed a gold-standard research methodology, leveraging information on over 150 health conditions to ensure an apples-to-apples comparison between program users and those who instead sought mental healthcare via their health plan. This rigorous approach was assessed and validated by JAMA Network Open's stringent peer-review process, which accepts only 12% of submissions.Key findings include:1.9x ROI: For every dollar spent, employers save nearly two dollars in health plan costs, providing $1,070 in net savings per participant in the first year.For every dollar spent, employers save nearly in health plan costs, providing in net savings per participant in the first year. Increased Access to Care: Behavioral health care utilization rose by 47%, with more employees receiving needed care earlier in the care continuum.Behavioral health care utilization rose by 47%, with more employees receiving needed care earlier in the care continuum

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