Spring Health Company Research Report

Company Overview

Name, Mission of the Company

Name: Spring Health

Mission: Spring Health is dedicated to eliminating every barrier to mental healthcare and driving precision in this field. Their approach focuses on providing personalized mental health solutions for each individual, ensuring comprehensive, effective care.

Founding Information

Founded: 2016

Founders: Adam Chekroud and April Koh

Key People in the Company

President, Co-Founder: Adam Chekroud

CEO, Co-Founder: April Koh

Headquarters

Location: No information is available

Number of Employees

Number of Employees: No information is available

Revenue of the Company

Revenue: No information is available

What the Company is Known For

Spring Health is known for integrating advanced data analytics with clinical expertise to deliver personalized mental health solutions. They leverage Precision Mental Healthcare to match individuals with the best possible care, reducing traditional trial-and-error in mental health treatment.

Products

Overview

Spring Health offers various solutions tailored for employers, health plans, consultants, channel partners, and providers. The company focuses on providing tools that improve mental health outcomes and add economic value.

SpringLife

Description: SpringLife is an integrated mental well-being experience for individuals and their families.

Key Features:

Personalized care discovery

Access to digital tools for mental well-being

Support through clinical resources and complex care management

SpringWorks

SpringWorks for Employers:

Solutions:

Manager training programs

On-site clinical support

Real-time strategic planning tools

SpringWorks for Health Plans:

Solutions:

Data-driven strategies to optimize engagement

Integration and referrals for continuity of care

Measurement-based care emphasizing ROI

Care Network

Clinical Care Navigator:

Dedicated emotional guidance, care recommendations, and referrals.

Coaches:

Certified professionals providing strategies in parenting, health and wellness, and personal development.

Providers:

Therapists, psychiatric nurse practitioners, and physicians available for direct care.

Referral Concierge:

Facilitates referrals to specialists outside of Spring Health's network for niche requests.

Recent Developments

Collaborations: Announced a collaboration with Highmark Health to provide a comprehensive behavioral health solution to members.

Partnerships: Partnership with WPO to support global employees in over 200 countries.

Innovations:

Launched Compass, an Electronic Health Record built by and for providers in 2022.

Launched Candela, the first pay-for-performance network in mental healthcare in 2020.

New Products Launched

Compass by Spring Health:

Designed to reduce paperwork and improve high-quality care decisions via real-time collaboration functionalities.

New Features Added to Existing Products

Enhanced machine-learning models to analyze data points for personalized care recommendations.

Real-time provider feedback mechanisms to ensure more accurate tailoring of care plans based on newly added data sets and user engagement metrics.

New Partnerships

Wawa: Wawa selected Spring Health to provide mental health services for associates and family members.

Series E Funding: Announced $100 million in Series E funding to expand global access to mental healthcare.

This structured and detailed report captures the current state and strategic efforts of Spring Health. The data highlights their mission-driven focus on breaking barriers in mental healthcare through innovative and evidence-based approaches.