, a health IT startup that seeks to plug the gaps between primary care and behavioral health counseling, closed a $40 million Series B round. The company’s approach involves analyzing health data to identify patients in need of counseling and match their needs with specific providers. It also seeks to improve communication with primary care physicians and behavioral health providers.
The company formerly known as Google Ventures, GV, led the round, joined by existing investors Oak HC/FT Partners, F-Prime Capital Partners, and Polaris Partners. Krishna Yeshwant, a General Partner at GV, joined Quartet’s board as part of the fundraise.
Quartet will use the funding to push into six to 10 new markets over the next 12 months. It currently has two customers in Boston — Steward Health and Lahey Health. To support this expansion it plans to use the funding to add up to 100 staff over the next 12 months split between clinicians, technologists, and data scientists. The additions will grow its employees from 65 to as much as 165.
Behavioral Health, Interoperability and eConsent: Meeting the Demands of CMS Final Rule Compliance
In a webinar on April 16 at 1pm ET, Aneesh Chopra will moderate a discussion with executives from DocuSign, Velatura, and behavioral health providers on eConsent, health information exchange and compliance with the CMS Final Rule on interoperability.
In an interview last year with Dr. David Wennberg, who heads up its analytics team, he said it’s interested in common conditions where it sees plenty of room to improve care such as substance abuse disorders and anxiety. He also highlighted other areas of interest such as bipolar disorders and chronic pain, which can overlap with psychological problems.
