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Sunday, Apr 21, 2024

Headlight Launches With $18M Funding

TELEHEALTH: Former Amazon Exec Joins as CEO

SAN DIEGO – Mental health virtual care platform Headlight announced an additional $18 million in venture funding, allowing the startup to expand into more states and add hundreds of new licensed therapists to its team by 2025. The latest round was led by Matrix and EPIC Ventures, bringing Headlight’s total capital raised to $24 million.

Geoff Swindle

“We’re investing into tech, data, and engineering talent,” new CEO Geoff Swindle wrote to the Business Journal. “Our team knows what it looks like to build a remarkably delightful user experience, even on top of the complicated tools that underpin the delivery of healthcare. We intend to do the same thing here.”

Swindle hails from Amazon Pharmacy, where he led the B2B operations and, prior to its’ acquisition by Amazon, served as the Chief Business Officer of PillPack and built an acclaimed customer care function while fostering relationships with payers.

Headlight was founded as Sokya Health in 2021 by Drs. Manish Sheth and Shashita Inamdar, both MD-PhDs, before rebranding this February alongside the latest round of funding.

Easily Accessible Therapy Options

The company offers an extensive variety of treatments like couples therapy, trauma-focused therapy and parent-child interaction therapy while catering to patients experiencing a myriad of conditions like anxiety, depression, insomnia, PTSD and ADHD. Prescription medication is available to qualifying individuals.

“We’re in-network with most major insurers and also facilitate an easy reimbursement process for out-of-network members, making therapy more affordable than ever,” added Swindle. “Our aim is that anyone with insurance can actually use it for care. Today, many patients who have insurance still don’t have access to therapy due to the lack of clinicians and hurdles to access. For example, needing to pay out of pocket and then file a separate claim with insurance because their private practice therapist can’t afford to take on the risk of the claim being denied. We’re already in-network and have dedicated credentialing with dozens of payers, and are working to increase that number.”

In-Person Options Available

In addition to virtual visits, patients can access in-person support at Headlight’s local offices in University City, Chula Vista, Carlsbad, Temecula and Palm Desert. There are additional offices in Wasilla and Anchorage, Alaska; Portland, Raleigh Hills and Hollywood, Oregon; Greenwood Village, Colorado; Boise and Coeur d’Alene, Idaho; Austin and Tyler, Texas; and Vancouver, British Columbia.

“As an actively practicing clinical psychiatrist, I know patients want to connect with their clinicians and feel understood on a personal level,” stated COO and Co-Founder Dr. Sheth. “Our goal at Headlight is to make it as simple as possible for both clinicians and patients to form those connections.”

Manish Sheth, MD, PhD
COO and Co-Founder

“For me, this feels urgent,” added Swindle. “The mental health journey is too hard for anyone to navigate. Access is not equitable in any way. Even for those who understand healthcare, there are pitfalls and double-crosses at every turn. Headlight can and will make it easier. That’s our promise.”

CEO: Geoff Swindle
HEADQUARTERS: University City
BUSINESS: telehealth
FUNDING: $24 million
WEBSITE: headlight.health
CONTACT: 800-930-0803
NOTABLE: Headlight prioritizes the clinicians’ experience, not just the patient experience. Clinicians are all W-2 employees, fostering a community culture among practitioners who are set up for ongoing training and credentialing.


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