What is Balanced Wellbeing?
Balanced Wellbeing LLC is a telepsychiatry provider dedicated to delivering accessible and flexible remote mental health evaluation and ongoing psychiatric care. The company utilizes secure telepsychiatry platforms to offer initial psychiatric evaluations and follow-up consultations, allowing patients to receive professional mental health services from their preferred location. Serving both self-pay and insurance-covered patients, Balanced Wellbeing LLC emphasizes transparent pricing, with initial evaluations at $200 and follow-up visits at $100 for self-pay clients, requiring a $25 deposit to secure appointments. For insured patients, the company processes copays and deductibles before billing remaining service fees to compatible insurance carriers. Payments are managed via credit card, with refunds processed through Square.com within nine to fourteen business days. The company's flexible patient policies allow for care termination with twenty-four hours' notice and refunds of unspent funds. Balanced Wellbeing LLC has strategically adapted to expanded telepsychiatry coverage, ensuring service continuity and offering transition support, including potential medication supply, for patients facing changes in insurance policies.
How much funding has Balanced Wellbeing raised?
Balanced Wellbeing has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Balanced Wellbeing
PPP
Public-Private Partnership
What's next for Balanced Wellbeing?
The recent major strategic investment signals a pivotal growth phase for Balanced Wellbeing. As a telepsychiatry provider operating within a landscape increasingly receptive to remote healthcare solutions, the company is well-positioned to scale its operations. This capital infusion will likely support enhancements to its technology infrastructure, expansion of its clinical network, and broader marketing initiatives to reach a wider patient demographic. The company's proactive approach to patient retention and adaptation to evolving insurance policies suggests a robust strategy for sustained market presence and continued development in the digital mental health space.
See full Balanced Wellbeing company page
