Altium Health Company Profile

Background

Altium Health, established in 2019, is a privately held medical clinic headquartered in West Jordan, Utah. The company specializes in providing comprehensive mental health and addiction treatment services, aiming to remove barriers to access and deliver care in a stigma-free environment. Their mission focuses on offering a continuum of behavioral health and addiction treatment services under one roof, ensuring personalized and effective care for individuals struggling with mental health and substance use disorders.

Key Strategic Focus

Altium Health's strategic focus is on delivering integrated mental health and medical services through a comprehensive continuum of care. Their core objectives include:

Medication Management: Collaborative approaches to ensure individuals receive appropriate medications to support mental health and overall well-being.

Detox Services: Ambulatory detox programs that provide safe and effective outpatient processes for individuals ready to overcome substance use.

Innovative Therapies: Offering cutting-edge treatments such as Ketamine Therapy for treatment-resistant depression and Transcranial Magnetic Stimulation (TMS) for mood regulation.

Intensive Outpatient Programs (IOP): Structured therapy, skill development, and group support in outpatient settings, allowing participants to maintain daily routines while receiving comprehensive treatment.

By integrating these services, Altium Health targets individuals seeking accessible, personalized, and effective mental health and addiction treatments.

Financials and Funding

As of the latest available data, Altium Health has raised $130,000 through debt financing. The company operates as a privately held entity with an estimated annual revenue of approximately $74.6 million and employs around 150 individuals across all locations.

Pipeline Development

Altium Health offers a range of services targeting various mental health conditions and substance use disorders. Their treatment programs include:

Medication Management: Tailored plans to optimize treatment effectiveness and minimize side effects.

Detox Services: Outpatient detox programs under medical supervision.

Ketamine Treatments: For individuals with treatment-resistant depression.

Transcranial Magnetic Stimulation (TMS): Non-invasive treatment for depression.

NAD-IV Therapies: Supporting cellular health and energy production.

Medication-Assisted Treatment (MAT): Combining medications with counseling for substance use disorders.

Intensive Outpatient Programs (IOP): Structured therapy and support in an outpatient setting.

These programs are designed to address conditions such as Major Depressive Disorder, Anxiety Disorders, Bipolar Spectrum Disorders, Post-Traumatic Stress Disorder, and Substance Use Disorders.

Technological Platform and Innovation

Altium Health integrates innovative, clinically approved treatment methods into their services. Notable technological platforms and proprietary technologies include:

Ketamine Therapy: Utilizing ketamine to rapidly restore balance in the brain’s neurotransmitters, promoting new neural connections and alleviating symptoms of depression.

Transcranial Magnetic Stimulation (TMS): Employing targeted magnetic pulses to stimulate areas of the brain involved in mood regulation, offering a non-invasive treatment for depression.

NAD-IV Therapy: Delivering Nicotinamide Adenine Dinucleotide (NAD+) directly into the bloodstream to support cellular health and energy production, aiding in addiction recovery and reducing symptoms of anxiety and depression.

These innovative treatments set Altium Health apart in the mental health and addiction treatment industry.

Leadership Team

Altium Health's leadership team comprises experienced professionals dedicated to delivering high-quality mental health and addiction treatment services:

Dr. Joel Hanson, MD – Medical Director: Board Certified in Psychiatry and Addiction Medicine, Dr. Hanson has extensive experience in addiction medicine, including founding the St. George Detox Hospital and serving as medical director for several treatment centers.

Marty Shultz – Director of Finances: An accomplished entrepreneur with expertise in launching and managing startups across various industries, Marty is a founding member of Altium Health and co-founder of the nonprofit Mycrow Angels.

Jessie Ritchey, MSN, APRN, PMHNP-BC – Psychiatric Mental Health Nurse Practitioner: Specializing in diagnosing, treating, and managing a broad range of mental health conditions, Jessie brings a comprehensive understanding of patient care to the team.

Wendy Thomas, ACMHC – Primary Therapist: With 15 years of experience in the human services field, Wendy is certified in various therapeutic modalities and is passionate about helping clients build resilience and achieve meaningful change.

Kiersten Smith, MSW – Therapist: An empathetic social worker with four years of experience in mental health and addiction fields, Kiersten is trained in multiple evidence-based therapies and dedicated to creating a nurturing space for clients.

This diverse team collaborates to provide comprehensive and compassionate care to clients.

Competitor Profile

Market Insights and Dynamics

The mental health and addiction treatment industry is experiencing significant growth, driven by increased awareness and demand for accessible, comprehensive care. Outpatient services, like those offered by Altium Health, are becoming increasingly preferred due to their flexibility and cost-effectiveness.

Competitor Analysis

Altium Health operates in a competitive landscape with several key players:

Lakeview Health: Offers comprehensive addiction treatment programs with a focus on individualized care.

Sober Recovery Consultants: Provides consulting services for individuals seeking recovery from substance use disorders.

Harmony Place: Specializes in residential treatment for mental health and substance use disorders.

Altium Health differentiates itself by offering a full spectrum of services under one roof, integrating innovative treatments, and maintaining a stigma-free environment.

Strategic Collaborations and Partnerships

Altium Health collaborates with various insurance companies and payers to offer community-based comprehensive care, reducing costly relapses and improving patient outcomes. These partnerships enhance the accessibility and affordability of their services.

Operational Insights

Strategically located in West Jordan, Utah, Altium Health's facility is designed to accommodate a range of services, enabling seamless coordination of care. Their integrated approach and commitment to removing barriers to access position them favorably in the market.

Strategic Opportunities and Future Directions

Altium Health plans to establish their model in targeted and strategic markets throughout the U.S., aiming to expand their reach and impact. By continuing to integrate innovative treatments and maintain a patient-first approach, they are well-positioned to meet the growing demand for comprehensive mental health and addiction services.