What is Balanced Wellbeing?
Balanced Wellbeing LLC operates as a telepsychiatry provider, offering remote mental health evaluations and ongoing psychiatric care. The company facilitates accessible and flexible treatment options through secure telepsychiatry platforms, serving both self-pay and insurance-covered patients. Transparent pricing structures are in place, with initial evaluations costing $200 and follow-up visits $100 for self-pay clients. For insured patients, Balanced Wellbeing LLC collaborates with compatible insurance plans, managing copays and deductibles before billing the insurer. Payment processing is handled via credit card, with refunds typically issued within nine to fourteen business days through Square.com. The company also maintains flexible patient relationship policies, allowing for care termination with 24-hour notice and refunds of unspent funds. Balanced Wellbeing LLC has adapted its service delivery to capitalize on expanded telepsychiatry coverage, ensuring continuity of care and offering transition support to patients whose insurance coverage may change.
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
What's next for Balanced Wellbeing?
The substantial late-stage investment positions Balanced Wellbeing for significant scaling and market expansion. This capital infusion is likely to fuel advancements in its telepsychiatry platform, enhance patient outreach, and potentially broaden its service offerings. Strategic partnerships and technological integrations may also be prioritized to solidify its competitive advantage in the rapidly evolving digital health landscape. The company's focus on accessible care and adaptable service models suggests a continued trajectory of growth and innovation in meeting the demand for remote mental health solutions.
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