Founded in 2016, Spring Health is a comprehensive mental health solution for employers and health plans. The company delivers evidence-based mental healthcare through a clinically validated technology platform. Its core product, Precision Mental Healthcare, uses machine learning to analyse individual data and match members with appropriate care, ranging from mindfulness and coaching to therapy and medication management. According to the company, members using the platform recover on average eight weeks faster than through traditional solutions.
The platform covers over 20 million lives globally, operating in more than 40 countries and supporting over 20 languages. Spring Health partners with more than 450 companies, including Microsoft, Target, Coca-Cola, BlackRock, Pfizer, and Delta Airlines. The company reports a member satisfaction rate of 9.4 out of 10 with its providers.
Spring Health has published over 30 papers in top medical journals validating its approach. The company states it is the only one in its category with a validated net positive return on investment for employers. Following a Series E funding round, the company achieved a valuation of $3.3 billion.
