UpLift Raises $8M in Funding to Integrate Psychiatry Into the Mental Healthcare Delivery Platform
Summary
The integrated strategy allows UpLift to manage the full spectrum of patient needs, from mild depression and anxiety, to more complex conditions, like bipolar disorder and schizophrenia. Studies show that an integrated treatment plan has proven to be more 2x more effective than standalone medication or psychotherapy treatment,4 yet more than 70% of patients taking antidepressants have not seen a mental health provider in the past year.5 A medication-first treatment model often fails to address a patients underlying mental health challenges, which is one reason UpLift leads with psychotherapy and integrates medication for supplemental support to create a comprehensive care plan effective in the long term. Prior to that, Cohen was President of Behavioral Health at Teladoc and CEO and Founder of one of the earliest companies in teletherapy, called Breakthrough which he sold to MDLiveCare. UpLift negotiates rates with insurance companies, reduces overhead through automated scheduling, billing, and claims processing, and delivers a 2-sided marketplace to seamlessly match patients with the right provider for them. Dedicated to tackling todays supply and demand problem in mental health, UpLift streamlines behavioral healthcare accessibility and removes the barriers to identifying in-network, affordable and effective treatment.