lyra health revenue

The biggest hurdle isn’t treatment—it’s access. How much revenue does Lyra generate? Lyra’s co-founder and CEO, David Ebersman, left his job as Facebook’s Chief Financial Officer in 2014 to tackle the problem by making it easier to find and get treatment and using technology to make it smarter, more personalized, and effective. Promoting Exercise Through Gamification-Making Physical Activity More Fun? Lyra's matching technology and innovative digital platform connect members to a curated network of top therapists and coaches, which results in 3x more people receiving care and 7x better outcomes than traditional plans and EAPs. Burlingame, California-based Lyra sells its tech-enabled mental health platform to employers including EBay Inc., Uber Technologies Inc. and Genentech Inc. Smarter mental health benefits, better outcomes 7x more members receive effective care. Untreated mental health conditions can lead to lower productivity and morale that can affect the overall work environment. Kocher and Roberts continue to serve on the board, while Bravata left the company. Email me at kjennings@forbes.com. 47 Lyra Health reviews. As employers grapple with the fallout of the coronavirus pandemic, there's a reckoning taking place in human resources departments around the country: the need for better mental healthcare for employees. Since then, a spokesperson says the biotech has seen a sevenfold increase in the use of its employee assistance program. “You need to use technology to drive scalability without also losing the kind of personalization and the human touch,” says Bremner. Sr. Analyst, Allocation and Fleet Operations, Sales Operations Tesla. San Francisco Bay Area. It truly is a team work atmosphere. Lyra Therapeutics Inc. is up ... reporting Q4, 2020 revenue of $44.6 million, up from $32.4 million in the fourth quarter of 2019. Compare Lyra Health to its competitors by revenue, employee growth and other metrics at Craft. Lyra, which offers an easy-to-use digital platform to connect people with mental health providers, has around 1.5 million members so far, adding more than 800,000 people since the start of the pandemic. I have been at Lyra for about a year and have to say that it's been a breath of fresh air compared to another telehealth platform I came from as a contract therapist. The company declined to provide its current valuation. That effectively means the startup doubled its valuation in a handful of months, suggesting rapid growth or key validation. Lyra has raised around $275 million to date. 83% of members improve or recover With Lyra, members can easily book appointments in just a few clicks. Lyra is an employee wellness solution that enables employees to receive care for their emotional and mental well-being. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Digital Health industry with the … LYRA | Complete Lyra Therapeutics Inc. stock news by MarketWatch. “I think what we’ve discovered is employers are really ready to invest in mental health-care solutions.”. lyra health crunchbase, Health – the health effects from inhaling fine particulates (from fires) alone are: lung cancer, stroke, dementia, type two diabetes, and heart disease. Lyra now has about 35 corporate customers, and it helped about 40,000 people find care last year, Ebersman said. “We want to be able to offer targeted and effective approaches to everyone,” says Ebersman. This means international expansion and investment in more clinical services, as well as expanding the company’s market segment beyond large employers and aiming at government and commercial health plans. View real-time stock prices and stock quotes for a full financial overview. That’s where one of Lyra’s flagship products comes in: Blended Care. The Burlingame, California-based company expects to hit more than $100 million in revenue by the end of the year, and the latest funding round brings its valuation to $1.1 billion, according to a company representative. He later jumped to Facebook, where he served as CFO, as well as a board member for Castlight Health. Glassdoor gives you an inside look at what it's like to work at Lyra Health, including salaries, reviews, office photos, and more. “The moment is now to offer better mental health services.”, Full coverage and live updates on the Coronavirus, I am a staff writer at Forbes covering healthcare, with a focus on digital health and new technologies. “Just as they have access to an acupuncturist or physical therapist, we encourage our employees to consider Lyra part of their holistic care team.”. “Because of Covid, economic uncertainty, and conversations around racial injustice, people are really struggling even more, and it's an important time to invest in a service that really will be there for their employees when they need it,” says Ebersman, who previously served as chief financial officer of Genentech and Facebook. Lyra Health Hits $1.1 Billion Valuation, As Coronavirus Boosts Need For Teletherapy Email me at kjennings@forbes.com or find me on Twitter @katiedjennings. Lyra Health earns unicorn status at $1.1 billion valuation. One of the biggest challenges in the $280 billion behavioral health market is access, given that “only a fraction of the people that actually need care, get it,” says Thomas Bremner, partner at Adams Street Partners. And the startup's unicorn status will likely cement its position as a frontrunner to attract more deals. This is the Lyra Health company profile. Mental health startup Lyra Health closed a Series D funding round Aug. 25 that boosted its valuation to $1.1 billion, earning it unicorn status.. Lyra generates $100M in revenue; How much funding does Lyra have? All content is posted anonymously by employees working at Lyra Health. I have also written for the Los Angeles Times and Business Insider. Using matching technology and an innovative digital platform, Lyra connects companies and their employees–plus spouses and children–to world-class therapists, mental health coaches, and personalized medication prescribing. But on the flip side, both employees and employers are asking for help. Modern Health CEO Alyson Watson reminded employees to take care of their own mental health during a year of hypergrowth and extreme anxiety. EAPs engage 2-3% of members, while Lyra sees 15% of employees sign up for care. Many of today’s high-traction mental health startups obtain a large portion of their revenue through employers. Pay at Lyra Health is significantly lower than some of its highest paying competitors, like Virtru, Castlight Health, and Zimperium, which pay $108,247, $108,077, and $102,394, respectively. © 2021 Forbes Media LLC. Lyra Chief Executive Officer David Ebersman, who previously served as a top executive at Genentech and Facebook Inc., said the company offers a way to get care that “doesn’t feel slow and difficult.” Customers are able to see the difference in their workforce, he said. The employees, from the CEO all the way down, believe in this model and the services they provide. View Lyra Health (www.lyrahealth.com) location in California, United States , revenue, industry and description. Lyra is transforming mental health care through technology with a human touch to help people feel emotionally healthy at work and at home. Developer of a digital health platform designed to transform mental health care through technology with the human touch. 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 dollar valuation mark, along with AI-powered sales startup Gong and human resources software automation company Rippling. Lyra Health, which provides mental health benefits for large employers, became the latest healthcare technology startup to hit unicorn status on Tuesday, following a $110 million Series D round. Lyra Health's main competitors include Livongo, Solera Health, Anxiety Boss and Conscious. You may opt-out by. The service connects workers with care providers like therapists and mental-health coaches. Lyra’s solution combines one-on-one video sessions with digital exercises to reinforce cognitive behavioral therapy lessons. A study published in the Journal of Medical Internet Research, led by Lyra’s director of clinical product Anita Lungu, recorded a significant decrease in anxiety or depression symptoms after 5 sessions among 385 patients, although it did not include a control group. Lyra has historically raised $470.8M in funding A free inside look at company reviews and salaries posted anonymously by employees. While a randomized controlled trial would be needed to truly determine clinical effectiveness, the study suggests that Lyra’s teletherapy model could potentially achieve faster results than the typical 12 to 16 weeks of standard treatment. This adds to a torrid 2020 $185 million Series C and D bringing their total funding to $475 million. All Rights Reserved, This is a BETA experience. Lyra Health landed a series C financing round of $75 million back in March 2020 and then an additional ... Lyra Health projected it would hit more than $100 million in revenue by the end of 2020. This year, it expects to bring in more than $100 million in revenue, based on funds currently under contract. Lyra Health, a mental health therapy benefit company for employers, closed an additional $187 million in a Series E round led by Addition Capital. The company counts a wide range of industries among its client base, ranging from Morgan Stanley to Zoom Video Communications. Using technology to solve healthcare problems is a natural fit for Ebersman, who spent fifteen years in various executive roles at the biotechnology Genentech, including chief financial officer. Lyra is transforming mental health care through technology with a human touch to help people feel emotionally healthy at work and at home. I am a staff writer covering healthcare. Lyra Health projects it will hit more than $100 million in revenue by the end of the year, and the latest funding round brings its valuation north of $1 billion, according to a company representative. Lyra Health is a small internet company based in Burlingame, California with only 160 employees and an annual revenue of $30.0M. The $110 million Series D raise comes on the heels of a $75 million Series C closed in March. Lyra cofounder and CEO David Ebersman says customers are looking to launch the platform right away, instead of waiting for the typical January 1 fiscal year cycle for health benefits. “The average person when starting care in 2020 is feeling more anxious and more depressed than we've seen in any prior year,” says Ebersman. 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. Find related and similar companies as well as employees by title and much more. In the United States 50 million people suffer from mental health issues every year. When comparing Lyra to its top 100 alternatives, Lyra has the highest rating, with CoreHealth Technologies and Savology coming in 2nd and 3rd. I am a staff writer at Forbes covering healthcare, with a focus on digital health and new technologies. Lyra Health provides mental health benefits for more than 1 million U.S. employees and dependents.

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