NeuroFlow Closes $25M Growth Investment

Company secures growth capital to expand its footprint and accelerate integration between payers, providers, and referral partners to meet the growing demand for mental health care NeuroFlow, the market leader in behavioral health integration technology, has secured $25 million in growth capital, led by SEMCAP Health. With SEMCAP Health as a new strategic partner and investor, the company will continue to expand its groundbreaking referral network and deepen its relationships with payors and providers, determined to identify and triage individuals with behavioral health needs across the spectrum of care. Additionally, NeuroFlow will increase R&D investments to expand its technology platform, which alleviates pressure on providers caused by a growing number of behavioral health patients outstripping a finite supply of behavioral health resources — a longstanding issue made worse by the pandemic. The company will increase headcount across all departments to support rapid growth. “NeuroFlow is different because we embrace collaboration with others in the space, like telehealth partners, to get people to the most efficient and effective care possible. Organizations, and people, need more than one approach. There is a significant supply and demand imbalance for behavioral health, and no efficient or scalable way to standardize the way people are identified, assessed, and referred. That’s why we exist,” explained NeuroFlow Chief Executive Officer, Chris Mo...
Source: EMR and HIPAA - Category: Information Technology Authors: Tags: Health IT Company Healthcare IT Telemedicine and Remote Monitoring behavioral health Chris Molaro Health IT Funding Health IT Fundings Health IT Investment Mark Miller NeuroFlow R&D Ralph Muller SEMCAP SEMCAP Health Telehealth Source Type: blogs