Overview
evolvedMD is a leading organization headquartered in Scottsdale, Arizona, specializing in the integration of behavioral health services into primary care settings. By offering both on-site and virtual support, evolvedMD focuses on improving patient outcomes through the seamless embedding of mental health services within primary care environments.
Mission and Values
Founded by Erik Osland and Steve Biljan, evolvedMD's mission is centered on reimagining and disrupting traditional behavioral health care practices. The organization is committed to diversity, innovation, and collaborative methods to dismantle mental health stigma. This is reflected in their core values, which emphasize connection, honesty, innovation, and growth, contributing to a high-performance culture and a positive workplace environment.
Leadership Team
- Erik Osland, Founder & CEO: Drives the transformation of behavioral health integration in primary care with a strong background in collaborative care.
- Steve Biljan, Co-CEO & Chief Operating Officer: Focuses on strategic leadership for operational expansion.
- Sarah Hanchett, Chief Clinical Officer, Collaborative Care: Utilizes expertise in mental health to elevate clinical service delivery.
- Sentari Minor, Chief of Staff and Vice President of Investor Relations: Plays a pivotal role in strategic initiatives and stakeholder engagement.
- Heather Zorge, Chief Financial Officer: Known for financial management and operational excellence.
- John Brewer, Chief Clinical Officer, Psychiatry: Aims to expand access to psychiatric care.
- Jaye Williams, Vice President of Commercial Operations: Manages the company's commercial strategies.
- Kim Ho, Vice President of Sales: Experienced in B2B engagements within the medical sector.
- Emily Bofetta, Vice President of Quality and Compliance: Ensures high standards in service quality and regulatory compliance.
Achievements and Recognition
evolvedMD has received numerous accolades for its impact and performance:
- Named twice on the Inc. 5000 list of fastest-growing private companies in America.
- Finalist in both the Greater Phoenix Chamber IMPACT Awards and AZ Business Magazine’s Champions of Change.
- Recognized by the Phoenix Business Journal as a Best Place to Work and a Small Business of the Year finalist in multiple years.
Recent Developments
The company has enhanced its offerings through strategic partnerships, including:
- A collaboration with Integrated Medical Services to integrate behavioral health services at select primary care sites.
- Expanded services in partnership with Banner Health to provide integrated care at primary locations.
evolvedMD successfully raised $14 million in series-A funding to further its mission of delivering transformative healthcare solutions.
Testimonials
Healthcare professionals commend evolvedMD's model for its effectiveness:
- Notable improvements in patient care and access to mental health services have been reported.
- The integration within primary care practices has led to more cohesive and comprehensive patient support systems.
Competitor Profiling
Key Competitors and Alternatives
1. Wellth
- Business Model: Focuses on improving chronic disease management through financial incentives, promoting adherence to medical treatments.
- Specialization: Utilizes behavioral economics for engaging patients, enhancing health outcomes across Medicaid, Medicare, and commercial insurance.
2. myStrength
- Business Model: Offers a digital behavioral health platform as part of Livongo, targeting conditions like depression and anxiety.
- Specialization: Provides interactive, evidence-based psychotherapy resources, partnering with over 100 health institutions.
3. OpenBeds
- Business Model: Digital communications platform that improves patient transfer processes, focusing on behavioral health resources.
- Specialization: Tracks resources and hospital bed availability in real-time, facilitating better care coordination.
4. Ginger
- Business Model: Provides on-demand mental health services, integrating data science and virtual care delivery.
- Specialization: Offers real-time mental health support through a network of psychiatrists and therapists, part of Headspace.
Strategic Insights
- Market Position: evolvedMD is strong in integrating behavioral health into primary care, providing value through onsite collaboration.
- Competitive Edge: The integrative method allows for seamless, same-day behavioral health support at primary care locations.
- Emerging Trends: Competitors emphasize digital solutions and incentive-based patient engagement for managing chronic and mental health conditions, highlighting a trend towards digital health solutions.
evolvedMD’s strategy of embedding behavioral health specialists at primary care locations differentiates it from competitors that rely more on digital platforms. As the health tech industry continues to evolve, partnering with digitally-focused companies could further strengthen evolvedMD's offerings and expand its market presence.