Aptihealth Company Profile

Background

Overview

Aptihealth is a tech-driven behavioral health provider established in 2017, focusing on transforming higher acuity care through its innovative platform. The company integrates medical providers, behavioral health specialists, and patients via proprietary screening, assessment, and treatment management protocols, aiming to deliver precise, personalized care efficiently.

Mission and Vision

Aptihealth's mission is to enhance behavioral healthcare accessibility and outcomes for underserved populations by leveraging technology to streamline care delivery. Its vision is to become a leader in higher acuity behavioral healthcare, providing comprehensive, patient-centered services that improve quality of life.

Primary Area of Focus

The company specializes in behavioral health services, particularly for individuals with serious mental illnesses (SMI) and substance use disorders (SUD). Aptihealth offers teletherapy, medication management, and continuous care coordination to address the complex needs of these populations.

Industry Significance

Aptihealth plays a pivotal role in the behavioral health industry by integrating technology with traditional care models, thereby improving access, efficiency, and outcomes for patients with higher acuity needs. Its innovative approach contributes to the ongoing evolution of mental health services, emphasizing personalized and accessible care.

Key Strategic Focus

Core Objectives

Enhancing Accessibility: Providing seamless access to behavioral health services through a virtual-first model.

Improving Outcomes: Utilizing data-driven insights to deliver personalized care plans that lead to better patient outcomes.

Cost Efficiency: Reducing healthcare costs by streamlining care delivery and minimizing unnecessary interventions.

Specific Areas of Specialization

Telehealth Services: Offering virtual therapy sessions to increase reach and convenience for patients.

Medication Management: Ensuring proper medication use and monitoring to enhance treatment efficacy.

Care Coordination: Facilitating communication among healthcare providers to deliver comprehensive care.

Key Technologies Utilized

Proprietary Screening Tools: Developing unique assessments to accurately identify patient needs.

Data Analytics Platforms: Employing advanced analytics to inform treatment decisions and monitor progress.

Digital Communication Systems: Utilizing secure platforms for real-time communication between patients and providers.

Primary Markets Targeted

Aptihealth primarily serves health plans, health systems, and physician practices, aiming to integrate its services into existing healthcare infrastructures to enhance behavioral health offerings.

Financials and Funding

Funding History

Total Funds Raised: Approximately $65 million.

Recent Funding Rounds

Series B Round (November 2021): Raised $50 million from investors including Takeda Digital Ventures, Pivotal Life Sciences, Vista Credit Partners, Olive Tree Ventures, Claritas Capital, and What If Ventures.

Additional Funding (April 2023): Raised $10.8 million, bringing the total raised to about $76 million.

Notable Investors

Takeda Digital Ventures

Pivotal Life Sciences

Vista Credit Partners

Olive Tree Ventures

Claritas Capital

What If Ventures

Utilization of Capital

The funds are allocated towards expanding clinical science, enhancing technology infrastructure, and scaling services to improve patient care and operational efficiency.

Pipeline Development

Key Pipeline Candidates

Aptihealth focuses on developing comprehensive behavioral health programs that integrate medical and behavioral health services, aiming to address the complex needs of patients with higher acuity conditions.

Stages of Development

The company is in the implementation and scaling phase, integrating its services with various health plans and systems to expand its reach and impact.

Target Conditions

Serious Mental Illnesses (SMI): Including schizophrenia, bipolar disorder, and major depressive disorder.

Substance Use Disorders (SUD): Addressing dependencies on alcohol, opioids, and other substances.

Anticipated Milestones

Expansion of Service Offerings: Broadening the range of services to include adolescent and pediatric care.

Geographic Expansion: Increasing the number of health plans and systems served to enhance market presence.

Technological Platform and Innovation

Proprietary Technologies

Screening and Assessment Tools: Custom-developed instruments to accurately evaluate patient needs and risks.

Care Coordination Platforms: Digital systems that facilitate seamless communication among care teams and patients.

Significant Scientific Methods

Evidence-Based Protocols: Utilizing research-backed guidelines to inform treatment plans and interventions.

Data Analytics: Applying advanced analytics to monitor patient progress and optimize care strategies.

Leadership Team

Executive Profiles

Daniel T. Pickett III: Co-Founder, President, and CEO. Former CEO of Hudson River Capital Holdings and Zones, LLC.

Alex Marsal: Co-Founder and Chief Clinical and Science Officer.

Dale Dutile: Chief Financial Officer.

Kristen Stangle: Director of People and Culture.

Kevin Martin: Chief Psychiatric Officer.

Carl Sgambati: Chief Medical Officer.

Scott Weiner: Chief Technology Officer.

Sean Austin: Chief Product Officer.

Greg Stephan: Chief Operating Officer.

Michael McCarroll: Senior Vice President of Commercial.

Joe Kelly: Director of Clinical Operations.

Tyler Gauthier: Vice President of Medical Group.

Hania Schwartz: Senior Director of Clinical Program Implementation.

Peter Dorsman: Chairman.

Bob Edwards: Director.

Bruce Meadows: Director.

Market Environment and Competitor Profile

Market Insights and Dynamics

The behavioral health market is experiencing significant growth, driven by increasing awareness of mental health issues and the need for accessible care solutions. Digital health platforms are becoming integral in addressing these needs, offering scalable and efficient services.

Competitor Analysis

Modern Health: Provides a comprehensive mental health platform combining therapy, coaching, and self-guided courses.

SilverCloud Health: Offers digital mental health solutions with evidence-based programs.

Lyra Health: Delivers mental health benefits through a network of providers and digital tools.

Strategic Collaborations and Partnerships

Aptihealth has established partnerships with various health plans and systems, integrating its services to enhance behavioral health offerings. In November 2021, the company raised $50 million in Series B funding from investors including Takeda Digital Ventures, Pivotal Life Sciences, Vista Credit Partners, Olive Tree Ventures, Claritas Capital, and What If Ventures.

Operational Insights

Aptihealth differentiates itself through its virtual-first care model, providing flexible and accessible services that cater to the diverse needs of patients with higher acuity conditions. The company's focus on integrating technology with care delivery enhances operational efficiency and patient engagement.

Strategic Opportunities and Future Directions

Aptihealth aims to expand its service offerings to include adolescent and pediatric care, broadening its impact on younger populations. The company is also focusing on geographic expansion, seeking to serve a larger number of health plans and systems to increase its market presence.