![]() ![]() In one study, 16 therapy sessions held within 8 weeks were shown to be more effective at treating depression than 16 therapy sessions held over 16 weeks. Research supports that the timing of care matters just as much as, if not more than, the amount of care. Think about how the timing of care impacts a fractured foot – the longer you wait, the more likely that fracture becomes a full break, and by the time you finally get into a cast, there could be some longer-term damage to your foot and be harder to heal. It impacts how quickly you start to feel better, as well as the likelihood of solutions actually working. The timing of mental health care matters. Several states already tried to address this by requiring insurance companies to get people access to a mental health appointment within a set time, but this creates an unfortunate crack in the system – many people will get that first appointment soon, only to then have to wait weeks or even months for a follow-up appointment. The shortage of available therapists means long waitlists or infrequent appointments. But there are many other factors that determine whether someone can not only get connected to care, but be treated successfully.Įven when people have access to mental health care covered by their insurance, getting an appointment when they actually need it is often a challenge. Most of the focus has been tackling the affordability problem, which people cite as their No. They often cite the cost of therapy, the endless bureaucracy of the health care system, or simply not being able to find a good therapist (or one at all).īefore the pandemic, an estimated 11% of American adults reported having a mental health issue but not being able to receive treatment – and that increased to 15%, or about 35 million people, since 2020. “We are excited to partner with the incredible team at Octave to realize this vision.Too often, I’ve met people who’ve had to wait too long to get the mental health care they need. “Octave’s vision for modern, tech-enabled mental health aligns with the future that we see across many healthcare categories,“ Nan Li, managing director at Obvious Ventures, said in a statement. In regard to behavioral health specifically, Basis is a year-old platform that provides inexpensive mental health counseling appointments to consumers through an app, while Forefront Telecare brought in $15 million this April for its behavioral telehealth platform. Also in the conversation are Eden Health, which recently opened an in-office primary care clinic for workers Carbon Health, which scored $30 million in funding this summer and Carbon Health, which merged last year with Northern California’s Direct Urgent Care network. I’m excited to bring this concept to more people as we continue to grow and expand our practice into new markets.”Īccording to the announcement, Octave will be further expanding its physical presence in both California and New York next year, and plans to triple its number of on-staff providers “in the coming months.”Ĭonsidering its founder’s background, it’s little surprise that Octave's hybrid approach falls within the same ballpark as tech-enabled primary provider One Medical, which recent reports suggest may be eyeing an IPO in its near future. ![]() “With Octave, I wanted to not only make it easier to find a great therapist, but also create a place that would allow people to focus more deeply on their emotional well-being. “I launched Octave after watching a close friend suffer from anxiety and depression due to a traumatic experience, which is when I saw the huge gap in access to high-quality behavioral health services,” Sandeep Acharya, Octave’s founder and CEO (and formerly the head of strategy at One Medical), said in a statement. The company also offers private and group classes ranging from couples counseling to grief support - some of which are conducted virtually and across state lines - and provides patients with other supportive resources and assessment tools. New York-based Octave is behavioral health therapy delivered in practice by a licensed psychologist or therapist, and digital coaching sessions offered via video chat. In addition, it is opening two new offices - one in San Francisco in late October and a second New York City location in December. ![]() The announcement also coincides with news of a partnership that establishes Octave as an in-network provider for Anthem Blue Cross of California. The raise was led by Greycroft and supported by Obvious Ventures. Octave, a startup behavioral health practice that blends in-person therapy with virtual coaching services, has collected $11 million in Series A funding. ![]()
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