Health

Quartet Well being scores $60M as a part of strategic partnership with Independence Well being Group



Psychological health-focused startup Quartet Well being landed $60 million in a funding spherical led by Independence Well being Group, with participation from GV and Oak HC/FT. Quartet additionally introduced that it was teaming up with Independence Well being Group on a strategic partnership centered on connecting sufferers to psychological healthcare. 

This information comes two years after the startup closed a $60.75 million Collection D spherical. Thus far, the startup has collected roughly $219.5 million in investor {dollars}, in line with Crunchbase.

WHAT IT DOES

Quartet is targeted on matching sufferers to psychological healthcare professionals based mostly on their preferences, wants and insurance coverage. The service is ready to join sufferers to therapists, psychiatrists and on-line applications. Sufferers can use the software to discover a supplier, or a physician can refer a affected person to the service. 

The platform additionally has a monitoring element to have a look at a affected person’s progress over time. Sufferers may also contact a care navigator to assist them with any questions. 

WHAT IT’S FOR 

The brand new funding is, partly, anticipated to assist gasoline the partnership between Quartet Well being and Independence Well being Group. As a part of the deal, Quartet is anticipated to proceed to develop its affected person identification and engagement instruments, its actionable insights, and its capability to help further situations. 

“Independence believes that integrating bodily and psychological well being is central to enhancing total well being and wellbeing,” mentioned Independence CEO Deavens. “This core perception underlies Independence’s efforts to collaborate with companions and clinicians to combine care supply.

“It is usually why Independence is partnering with and investing within the subsequent section of Quartet’s strategic development and growth. We share a imaginative and prescient and dedication to fixing psychological and bodily well being challenges in an built-in manner.”

MARKET SNAPSHOT  

Psychological well being is a sizzling subject in digital medication. In reality, within the first three quarters of 2021, digital psychological well being corporations landed $3.1 billion, in line with Rock Well being. SonderMind, which can be centered on connecting individuals with therapists based mostly on want and preferences, landed a whopping $150 million in Collection C funding over the summer time. 



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