Array Behavioral Care Secures $25M in Funding

Array Behavioral Care, a Mount Laurel, NJ-based supplier of a digital psychiatry and remedy observe supplier, raised $25M in funding.

The spherical was led by CVS Health, which joined Wells Fargo Strategic Capital, Health Velocity Capital, Harbour Point Capital, HLM Venture Partners, OCA Ventures, and OSF Healthcare. David Fairchild, MD, MPH, SVP and Chief Medical Officer of Retail Health for CVS Health will be a part of Array’s board of administrators.

The firm intends to make use of the funds to scale in new and present markets via enhanced service choices and operations, modern know-how, and growth of the observe staff.

Led by CEO Geoffrey Boyce and Dr. James Varrell, Executive Chief Medical Officer, Array Behavioral Care offers telepsychiatry options and companies throughout the continuum of care, from hospital to dwelling. Virtual options can even profit psychiatrists, therapists, and different clinicians who can typically be burdened with extreme administrative work that detracts from time that might be spent offering direct affected person care. At Array, clinicians have a help staff of medical, operational, administrative, and technical specialists who assist suppliers function on the high of their licenses, combine with care groups, and equally observe as they might in the event that they have been bodily current with the affected person.

For greater than 20 years, the corporate has partnered with lots of of hospitals and well being programs, neighborhood well being care organizations and payers of all sizes to develop entry to care and enhance outcomes for underserved people, amenities, and communities.

Today, there are about 90 million Americans who can entry Array’s companies throughout all 50 states.

FinSMEs

09/01/2023

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