Thriveworks

Thriveworks

Mental health services with licensed therapists

About Thriveworks

Simplify's Rating
Why Thriveworks is rated
C+
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated B on Rating Differentiation

Industries

Healthcare

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Cambridge, Massachusetts

Founded

2008

Overview

Thriveworks provides mental health services through licensed therapists and psychiatric providers, catering to a diverse clientele that includes children, teens, couples, and individuals facing issues like anxiety, depression, and stress. Their services are available both in-person and online, making it easier for clients to access care. Thriveworks stands out from competitors by accepting most major insurance plans, which helps make mental health care accessible to over 190 million Americans. The company also takes care of administrative tasks such as billing and scheduling, allowing their providers to concentrate on delivering quality therapy. The main goal of Thriveworks is to ensure that mental health care is accessible and personalized for everyone who needs it.

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Simplify's Take

What believers are saying

  • Increased demand for teletherapy services boosts Thriveworks' online therapy offerings.
  • Rising awareness of mental health issues leads to more people seeking Thriveworks' services.
  • Partnerships with organizations like Help;Hear;Heal expand Thriveworks' reach and impact.

What critics are saying

  • Increased competition from digital platforms like BetterHelp and Talkspace threatens Thriveworks.
  • Integration challenges from acquiring Synchronous Health may disrupt service delivery.
  • Rising operational costs in urban areas could pressure Thriveworks' profit margins.

What makes Thriveworks unique

  • Thriveworks offers both in-person and online therapy sessions nationwide.
  • The company accepts most major insurance plans, enhancing accessibility for 190 million Americans.
  • Thriveworks handles administrative tasks, allowing providers to focus on quality care.

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Company News

Shaw Local
Dec 3rd, 2024
Troy Township offering residents mental health care services

Troy Township has now partnered with Thriveworks to offer Troy Township residents affordable and accessible mental health care.

The Tennessean
Oct 9th, 2024
Health care officials from four countries visit Nashville to discuss innovations

Thriveworks, a leading provider of in-person and online mental health services nationwide, announced its acquisition of Synchronous Health.

Will County Gazette
Apr 13th, 2023
Joliet fire chief on mental health program: ' It’s been a tremendous success so far' | Will County Gazette

Joliet partnered with Thrive Works, a local mental health clinic and therapy office, to provide financial assistance to any Joliet City residents who seek help at the location.

PR Newswire
Nov 30th, 2022
MENTAL HEALTH VISITS DOUBLED SINCE START OF PANDEMIC, BLUE CROSS BLUE SHIELD OF MASSACHUSETTS DATA REVEALS

Earlier this year, Blue Cross partnered with Thriveworks, Headway, Refresh Mental Health and Valera Health, which offer both in-person and virtual treatment with diverse clinicians serving most ages.

Business Wire
Sep 12th, 2022
Help;Hear;Heal Launches To Provide Grants For Mental Health Services For Sexual Abuse Survivors

BOSTON--(BUSINESS WIRE)--Help;Hear;Heal, a nonprofit dedicated to providing survivors of sexual abuse with funding for therapeutic treatment has launched a collaboration with founding partner Thriveworks, a leading mental health company with 340+ clinics nationwide offering quality counseling and psychiatric services in person or online. This is the first such partnership for both entities and could serve as a revolutionary model for partnerships between private healthcare companies and nonprofit organizations in the mental health space

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