Healthy Young Minds provides online therapy for kids and teens. We accept Medicaid which allows us to serve the 40M children in this country on Medicaid, and sets us apart from the vast majority of the industry. We offer a wide variety of services including Counseling and Psychology, ABA, OT, Speech, and testing / diagnosis. This allows us to treat a child with multiple needs in a comprehensive and collaborative fashion, producing superior results.
HYM is addressing the largest unserved audience in healthcare today - kids and teens on Medicaid. This problem has 2 components:
1). The mental health crisis devastating the youth of our country has skyrocketed the number of kids and teens that need mental and behavioral health services.
2). Medicaid is so difficult to engage with that very few providers accept it. Kids can face years-long waitlists at a clinic, and have precious few online options. Medicaid is widely avoided because It takes an excessively long time to contract and credential with Medicaid, this differs state by state, is fragmented within each state across MCOs, and Medicaid standards and requirements have implications for a provider's tech platform, consent management, data collection and reporting that make it prohibitive for the large "matching" marketplaces today who don't operate on a single uniform platform.
Footprint and reach: HYM has 65 contracts with Payers and MCO's in 5 states and on a national level, which give us access to 34M lives under contract. We are in contract with providers that cover 100% of Medicaid lives in Colorado, and over 70% in Texas, Ohio, and Georgia.
HYM has delivered over 43,000 sessions, 100+Therapists
ARR $2.6M
Effectiveness: 90% of clients show positive progress towards goals after engaging in treatment.
Engagement: HYM clients have an average engagement of 17 sessions over 6 months, notably higher than the industry average of 12 sessions.
