|
A behavioral-health-access startup a day keeps the FOMO away.
|
Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.
Save the Date:
Oct. 14 -16 | Memphis, TN
|
NeuroFlow
NeuroFlow promotes behavioral health access and engagement in all care settings to improve outcomes, overall wellness, and cost of care. Our mission is to be a resource and asset to health care providers in their tireless pursuit to help patients feel better, faster.
|
|
NeuroFlow is a healthcare technology and analytics company enabling behavioral health access and engagement across the continuum of care. Combining validated techniques, evidence-based protocols, data science, and behavioral economics, NeuroFlow allows hundreds of clinics, health systems, and providers to objectively assess, track, and engage patients using evidence-based practices to support and improve their behavioral health.
|
What Problem Are They Solving?
Mental health care is broken, plagued by lack of patient engagement, overwhelming negative social stigma, and limited resources for patients. Approximately 1 in 5 adults in the U.S. experience mental health illness in a given year, and according to a 2017 Milliman research report, patients with behavioral health conditions cost an estimated $752 billion in healthcare expenditures annually. Moreover, patient access and compliance remain a critical challenge for mental health solutions. 30-50% of referrals to a behavioral health specialist don’t show up and 70% of patients who drop out of treatment do so before their second session. NeuroFlow addresses that problem while providing critical value to our providers.
|
What's Innovative About The Solution?
What sets NeuroFlow apart from the competition is our ability to streamline the behavioral integration process from the moment a patient is engaged all the way to a provider being reimbursed. We’ve taken the best of patient facing mindfulness apps as well as the key processes and workflows found in leading provider facing tools and added in an underlying focus on data science and user experience to ultimately carve out a strategic advantage when it comes to behavioral health integration across the entire healthcare ecosystem.
|
📍 Location
Philadelphia, PA
|
|
⚙️ Product Stage
Currently in market
|
|
🏭 Industries
Health and Wellness, Artificial Intelligence, Hospital Services
|
|
|
🤑 Fundraising Status
Not fundraising
|
|
💸 Total Funding
To Date
>$1.5MM
|
|
🙌 Founder Demographics
Veteran founder
|
|
|
Big Wins
- Achieved 196% QoQ growth in 2018
- Currently being used by over 450 providers in 4 countries
- Added 1,000+ patients to the platform every month
- Had 86,000+ moods logged and 6,000+ journals written by patients in 2018
- Launched in our first VA facility and are in discussions with three others to launch in 2019
- Hired a former sales executive at AthenaHealth to lead our business development team
- Had 72% of all patients report a reduction in depression or anxiety symptoms
- Had 59% of patients with moderate to severe depression or anxiety improved to mild or better
- Had 40% of highest risk patients exhibited improvement in less than 2 weeks
- Have 22 FTEs; doubled headcount in 2018
- Opened our brand new office in center city Philadelphia
- Recently launched Empower, a self-service mental wellness solution for population health management
- Saw 69% patient engagement rate
- Selected as "Best Overall Mental Health Solution" by MedTech Breakthrough
- Featured in the "Digital Health Done Right" series by EHR integration partner Redox
- Named a Top Mental Health Tech Company by MedTech Boston
- Won the HIMSS19 Health 2.0 Venture Connect Competition
- Selected as the Winner in the MedcityINVEST Population Health Summit
|
|
Contact the CEO & Co-Founder:
Chris Molaro
|
|
Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. |
|
The Daily Dealflow is made possible thanks to the support of our amazing partners.
|
|
2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
|
|
|
Startup of the Year is powered by Established, a consultancy focused on helping organizations with their innovation, startup, and communication strategies.
Created by the talent responsible for building the Tech.Co brand (acquired by an international publishing company), we're leveraging decades of experience to help our collaborators further (or create) their brand & accomplish their most important goals.
|
|
Established, LLC is not a broker-dealer and cannot provide assurances and makes no representations or warranties as to the timing or price terms for any purchase or sale of early-stage company equity. Nothing contained in this email constitutes investment, legal, tax or other advice. No information or statements contained in this email should be relied upon in making an investment or different decision. You should review all risks and consult all applicable professionals when making any investment decisions. Information and statements contained within this email and any attachments are solely for informational purposes and does not constitute an offer to sell or a solicitation to buy any securities.
|
|
|
|
|
