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

Consumer Software, Healthcare

Total Funding

$452.3M

Headquarters

N/A

Founded

2016


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Simplify's Take

What believers are saying

  • Collaborations with major health plans like Highmark Health expand access points and enhance service offerings, indicating strong growth potential.
  • The launch of innovative tools like Atlas and Sage demonstrates Spring Health's commitment to leveraging technology for better mental health outcomes.
  • High-profile partnerships with companies like General Mills and LinkedIn validate the platform's effectiveness and market acceptance.

What critics are saying

  • The highly competitive mental health sector requires continuous innovation to maintain a competitive edge.
  • Integration of new services and partnerships, such as with Eleanor Health, may pose operational challenges and strain resources.

What makes Spring Health unique

  • Spring Health's Precision Mental Healthcare system offers highly personalized mental health support, setting it apart from more generalized solutions.
  • The introduction of Atlas, a recommendation engine for workplace mental health, provides data-driven insights and action plans, enhancing the value proposition for HR and benefits leaders.
  • Their comprehensive approach, including partnerships like the one with Eleanor Health for substance use disorder services, ensures a full spectrum of mental health support.

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Growth & Insights
Headcount

6 month growth

14%

1 year growth

42%

2 year growth

122%

Benefits

Retirement benefits

Paid time off

Healthcare benefits

Insurance benefits

Work-life benefits

Mental health benefits

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