The surveys, which use clinically accepted and standardized questions, are optional. Five years later, Lyra is rapidly expanding, and by the end of this month expects to have delivered its one-millionth session. PDF Lyra: Coaching, Therapy, and Work Life Services - VMware (Lyra declined to make Ebersman available for an interview.). The biggest hurdle isnt treatmentits access. Meanwhile, Lyra connects its members with partner providers who offer various levels of care in various settings. Sean helped start Lyra Health in 2015 and now leads partnerships, sales, customer success, marketing, and organizational mental health. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Lisa oversees legal and regulatory affairs at Lyra, including support for launching new product lines and jurisdictions. In 2020, we saw about 98% of our member provider interactions moved to telehealth. . Lyra has raised around $275 million to date. Its really difficult just to find a provider thats going to be available for an appointment, [or] a provider thats offering the kind of services you need. Lyra Health Completes $200M Funding Round to Transform Mental Health It provides a full range of care options for all types of mental healthcare , Health (8 days ago) WebLyra Health has 5 employees at their 1 location and $890.1 m in total funding,. Thats our plan for the foreseeable future. Behavioral Health Business (BHB) is the leading source for news and information covering the mental health and addiction industry. (Annual sales and employees) I had no idea they were doing that., Lyra defended how it communicates its privacy practices to patients. Lyra Health scores $235M and a new acquisitionbut it's not the only Arthur Caplan, head of the Division of Medical Ethics at the NYU Grossman School of Medicine, said a bonus system like the one used by Lyra makes him nervous. It could be a conflict of interest, he said. While Lyra has grown steadily since its founding in 2015, 2020 was quite the breakout year for Lyra, which more than doubled its customer base to over 2 million members and raised about $185 million across two different funding rounds. More on Lyra Health: Lyra Health partners with employers to give employees and their dependents access to personalized mental health services. The solution uses screening tools to identify people at risk of behavioral health issues and then engages with them to provide care services. endobj A year after switching to Lyra, employee engagement was up seven times over the former EAP. This was done so that our best and most productive therapists have the opportunity to earn more, CEO Kyle Robertson said in response. The moment is now to offer better mental health services., Full coverage and live updates on the Coronavirus. Before joining Lyra, Ms. Caccavo's private practice focused on health care litigation and regulatory counseling for large health insurers and healthcare providers. Pay-for-results pricing model Forget the sunk costs associated with traditional EAPs that require you to pay for a service your employees may not even use. After Glassons experience with her therapist was reported by the New York Times in July, some Google workers became less likely to use the EAP services provided by Lyra, said the Alphabet Workers Union, which represents workers for Google and its parent company. Contact Richard Nieva at richard.nieva@buzzfeed.com. Lyra Health is founded and receives $35 million in Series A funding, led by Greylock Partners and Venrock, Lyra launches Mental Health Coaching and Blended Care Therapy, and secures $45 million in Series B financing, with Tenaya Capital, Glynn Capital, Crown Ventures, and Casdin Capital, Lyra launches Blended Care Medication Management, Lyra raises $75 million in Series C funding, welcoming leading growth investors IVP and Meritech, Lyra named to Fast Companys 2020 list of the Worlds Most Innovative Companies, Lyra secures $110 million in Series D funding, led by Addition and including Adams Street and our existing investors, Lyra earns Forbes Best Product Healthcare Award 2020, Oprah named Lyra investor; Lyra raises $187 million in Series E funding and completes additional $200 million funding round, Lyra Health partners with ICAS World to deliver comprehensive mental health care globally, Lyra introduces Preventive Care suite, along several initiatives to address complex mental health diagnoses including Lyra Renew, Lyra DBT, and Lyra Concierge, Lyra completes $235M funding round, led by Dragoneer and including Salesforce Ventures and existing investor Coatue, Lyra acquires ICAS World and grows to 10 million members, Lyra launches Workforce Transformation and an expanded suite of offerings to support Whole-Family Mental Health. You need to use technology to drive scalability without also losing the kind of personalization and the human touch, says Bremner. In 2020, they launched a growth strategy that took their service global. Lyra would not exist if it were not for the incredibly talented and caring providers with whom we partner, Renee Schneider, vice president of clinical quality at Lyra told Behavioral Health Business. ", The bottom line is, this is a business. Before the pandemic, the trends were shifting in favor of both increased use of telemedicine and behavioral health services, but no one could have predicted just how rapid the acceleration would be. The tech industrys growth-at-all-costs outlook may not translate well to a field as delicate as mental health. Our typical cadence in working with these large organizations would be to have initial conversations at the beginning of the year, but really work into implementation in the latter part of Q3 and into Q4. It really shed a lot of light on the relationship that the counselor has with the company. . I felt like I was being cheated.. As more people entrust this burgeoning class of therapy apps with their well-being, the tech industrys growth-at-all-costs outlook may not translate well to a field as delicate as mental health. Lyra drives tangible results Employee Engagement 10x engagement compared to traditional EAP services Employees in Care 10% of eligible employees receive care with a Lyra provider Improved Workforce Health 88% of Lyra members clinically improve or recover from symptoms of anxiety and depression* *based on the PHQ-9 and GAD-7 clinical measures How Lyra Health hit $52.7M Revenue with 2M customers in 2022. What we saw in the first half of 20 was organizations coming to us having very rapid conversations, and then wanting to bring Lyra online for their organizations within a couple of weeks after choosing us as their mental health care provider. Lyra Health - Wiki | Golden Lyras supporters cite good wages for therapists, a well-built software platform, and the awareness the company has brought to people who might not have otherwise sought therapy. He also serves on the board of Momentive. Burlingame, California, United States 501-1000 Series F Private www.lyrahealth.com 23,038 Highlights Acquisitions 1 Total Funding Amount $910.1M Contacts 456 Employee Profiles 18 Investors 35 Similar Companies 44 Find More Contacts for Lyra Health Lyra is an alumnus of this year's Forbes Next Billion-Dollar Startups list and is the third company from the 2020 list to cross the $1 billion. Is Telehealth Even a Viable Business Model? - Circle Social Inc By Nick Jaworski / May 13, 2021 Telehealth is all the rage since the start of the pandemic with many startup providers receiving sky-high valuations. For more information, visit lyrahealth.com and. Health (4 days ago) WebBurlingame, Calif.-based Lyra Health, which just raised $200 million at a $4.6 billion valuation, is cashing in by filling the void: offering mental health benefits to , Health (2 days ago) WebHow Lyra Health hit $52.7M Revenue with 2M customers in 2022. Employer-focused behavioral health startup Lyra scores $200M Kocher and Roberts continue to serve on the board, while Bravata left the company. Around one in four U.S. adults suffer from a diagnosable mental health condition and depression is one of the leading causes of disability worldwide. The San Francisco-based virtual behavioral health care system delivers text- and video-based mental health services to users, including behavioral health coaching, therapy and psychiatry. Read the article below in order to calculate the total cost of ownership (TCO), which includes: customization, data migration, training, hardware, maintenance, upgrades, and more. But while other apps engage in similar practices when it comes to data policies and productivity incentives, Lyra Health bears some of the responsibility because it was a pioneer in the space, two former employees said. Recently, multinational risk manager Willis Towers Watson (Nasdaq: WLTW) announced an agreement with Lyra to make the company a preferred provider of services to employees of Willis Towers Watsons clients. I was surprised when I heard about her story, said a former Google employee. The focus right now is on building a great company to solve those problems, working with our customers, and through them, all of our members. %PDF-1.7 Lyra Health Company Profile - Craft Health (7 days ago) WebLyra supports your people with: Instant access to individualized care, from self-guided programs and mental health coaching to therapy and medication management Care options that suit personal preferences , Health (5 days ago) WebLyra, which offers an easy-to-use digital platform to connect people with mental health providers, has around 1.5 million members so , Health (5 days ago) WebLyra Health offers its mental health platform to companies as a benefit for their employees. Starbucks bills its Lyra benefit as mental healthcare for a wide-range of needs, from mild to complex. But Rojass experience reveals one way patients can feel underserved by a startup aiming to be a model for modern mental healthcare. In interviews with BuzzFeed News, 18 users, therapists, and former Lyra employees voiced concerns about some of the companys business practices, including its productivity-based bonus structure for therapists and its use of patient data. Clinicians can use the data to help shape their treatment, but theres another reason Lyra pushes the surveys: The company shares aggregated and anonymized data about patient outcomes with employers to illustrate the effectiveness of its services. Provider recruitment and retention are essential to the care we provide members and the success of our organization.. Lyra Health Introduces New Offerings to Support Whole Family Mental Health