Spring Health

Spring Health

Personalized mental health solutions for employers

About

Spring Health provides personalized mental health solutions aimed at improving employee well-being for organizations and health plans. Their approach, known as Precision Mental Healthcare, involves assessing individuals to determine the most appropriate mental health support, which can include digital resources, therapy, and medication. The platform is user-friendly, allowing users to complete a brief assessment that generates a personalized care plan and connects them with suitable providers. Key features include appointment scheduling, on-demand wellness exercises, and access to a Care Navigator for ongoing support. Unlike competitors, Spring Health focuses on tailoring mental health care to the specific needs of each individual, ensuring that users receive the most effective support. The company's goal is to enhance mental health accessibility and effectiveness for employees through comprehensive, personalized care.

Company Stage

Series E

Employees

1,001-5,000

Industries

Healthcare

Total Funding

$452.3M

Headquarters

New York City, null

Founded

2016


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Simplify's Take

What believers are saying

  • Spring Health raised $100M in Series E funding, valuing it at $3.3 billion.
  • The company covers over 10 million lives through strategic partnerships and employers.
  • Spring Health's CARF accreditation highlights its commitment to high-quality mental health care.

What critics are saying

  • Emerging startups may dilute Spring Health's market share with similar solutions.
  • Privacy concerns over personal data use could lead to regulatory scrutiny.
  • Economic downturns may reduce budgets for employer-sponsored mental health programs.

What makes Spring Health unique

  • Spring Health offers Precision Mental Healthcare for personalized mental health solutions.
  • The company provides a comprehensive platform with digital support, therapy, and medication.
  • Spring Health's Care Navigator offers clinical guidance and emotional support to users.

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Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

3%

Benefits

Retirement benefits

Paid time off

Healthcare benefits

Insurance benefits

Work-life benefits

Mental health benefits

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