What You Ought to Know:
– Two Chairs, a number one innovator in behavioral well being, has introduced the closing of a $72 million Sequence C funding spherical led by Amplo with participation from Fifth Down Capital and others, bringing Two Chairs’ whole capital raised to $103 million.
– Based in 2017, Two Chairs is devoted to making a world the place everybody has entry to distinctive psychological healthcare. They’re acknowledged as a prime employer for therapists, boasting over 500 licensed professionals with experience in 90 areas.
– The brand new funding fuels the corporate’s formidable mission of creating distinctive psychological healthcare extra accessible and efficient nationwide.
Matching Shoppers with the Excellent Therapist
Two Chairs takes therapist-client matching to the following degree. Their proprietary 300-variable algorithm, mixed with a “matching seek the advice of” led by a licensed clinician, ensures shoppers join with the correct therapist for his or her particular wants. This customized method is mirrored within the spectacular statistic: 97% of Two Chairs shoppers report a powerful alliance with their therapist, setting the stage for profitable therapy.
Information-Pushed for Personalised Care
Two Chairs goes past matching. Their main method to measurement-based care leverages real-time information to trace consumer progress and well-being. This information empowers therapists to personalize therapy plans, strengthen the therapeutic connection, and in the end assist shoppers obtain their targets quicker.
Investing in Therapists: A Key Differentiator
Recognizing the significance of well-supported and glad therapists, Two Chairs prioritizes a differentiated full-time clinician expertise. They provide a hybrid care mannequin with each in-person and digital remedy choices throughout a number of areas in California, Washington, and Florida, with growth into further states deliberate inside the subsequent yr.
Insurance coverage Protection and Future Partnerships
Two Chairs operates inside an in-network mannequin, partnering with main insurance coverage suppliers like Aetna nationally and Kaiser Permanente in Washington and Northern California. This enables sufferers to entry high-quality remedy with only a copay or coinsurance. Additional healthcare partnerships are anticipated to be finalized all through 2024.
“Two Chairs epitomizes high quality in behavioral well being, taking a very considerate method, and you’ll see it of their outcomes information,” stated Sheel Tyle, Founder & CEO of Amplo. “Trade-wide, solely a couple of third of sufferers progress to their fourth remedy session, whereas for Two Chairs, 90% of their sufferers do. We proudly put money into thriving firms the place high quality is a core benefit. Two Chairs has been rising rapidly—in all the correct methods and for all the correct causes.”