FamilyWell Health
Overview
FamilyWell Health is a digital health company focused on integrating behavioral health services into obstetric practices, providing tech-enabled, perinatal mental health services. Founded in 2022 by Dr. Jessica Gaulton, the company is based in Boston, USA, and has secured $4.3 million in seed funding, led by .406 Ventures, GreyMatter Capital, and Mother Ventures. The company’s mission is to tackle the maternal mental health crisis by combining a clinical approach with personal experience.
Recent Developments
- February 2024: FamilyWell Health raised $4.3M in seed funding to expand its services nationally. This funding round was led by .406 Ventures, with participation from GreyMatter Capital and Mother Ventures.
- February 2024: FamilyWell Health announced plans to increase its reach throughout New England and prepare for national expansion, indicating a strategic move towards addressing maternal mental health on a larger scale.
- Ongoing 2023-2024: Partnerships with several obstetric practices across New England were established to enhance the immediacy and accessibility of mental health services for pregnant and postpartum women.
- 2023: FamilyWell Health’s unique model of care, which incorporates behavioral health services into existing clinical workflows without implementation fees, continued to gain traction, offering both virtual and in-person support.
- 2024 Awards: FamilyWell Health was nominated for Emerging Healthcare IT Company of the Year at the 12th Annual NEVYs24, recognizing its innovation in healthcare technology.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2022 |
| Headquarters | Boston, MA, USA |
| Founders | Dr. Jessica Gaulton |
| Revenue | Not publicly disclosed |
| Profits | Not publicly disclosed |
| Key Investors | .406 Ventures, GreyMatter Capital, Mother Ventures |
| Industry | Mental Health Care |
| Number of Employees | 41 |
Early History
Founded in 2022 by Dr. Jessica Gaulton, FamilyWell Health was inspired by Gaulton's personal experiences with postpartum depression. The company’s foundation is deeply rooted in a response to the gap in available, effective mental health services for pregnant and postpartum women. Initially operating locally in Boston, FamilyWell Health focused on developing its collaborative care model, integrating mental health services directly into OB/GYN practices. This model was designed to eliminate barriers to mental health support by providing services both in clinics and virtually, harnessing technology to offer timely, accessible care.
Company Profile and Achievements
FamilyWell Health operates with a forward-thinking approach to maternal mental health, emphasizing tech-enabled, collaborative care through an integrated model:
- Service Model: FamilyWell Health’s service model integrates psychiatric consultation, therapy, and health coaching directly into obstetric practices without implementation fees, which has been pivotal in its rapid adoption.
- Achievements:
- Successfully secured $4.3 million seed funding, supporting expansion efforts and service enhancements.
- Established partnerships with several New England obstetric practices to provide seamless, immediate mental health care.
- Developed a proprietary Perinatal Behavioral Health Certification Program to train healthcare professionals in maternal mental health.
- Innovation: The company capitalizes on a collaborative care model widely recognized for its effectiveness across various medical disciplines. Their approach has been shown to reduce symptoms of depression by 50% and improve access to care significantly.
Current Operations and Market Position
Currently, FamilyWell Health is expanding its network of integrated services across New England, with plans for national growth. The company focuses on reducing wait times for mental health services, offering care within a week to women in need, and maintains a presence in digital health innovation. Competing in the healthcare sector alongside companies like Teladoc and Plushcare, FamilyWell is distinguished by its specialized focus on maternal mental health.
Conclusion
FamilyWell Health is playing a transformative role in the field of maternal mental health by leveraging technology and collaborative care models to provide more immediate, equitable access to mental health services. As they continue to grow and expand across the United States, their innovative approach to integrating behavioral health services into existing clinical frameworks positions FamilyWell as a leader in addressing the maternal mental health crisis. This strategic positioning highlights their potential trajectory toward becoming a significant force in healthcare innovation.