Oasys Health, a behavioral health startup, has raised $4.6 million in funding to grow its AI-powered platform, the company announced on Wednesday.
The New York-based company supports behavioral health organizations by automating tasks like documentation, scribing, billing, scheduling and insurance reimbursements. It also syncs with wearables and apps like the Apple Watch, Oura Ring, Strava and Flo to help providers understand patients’ wellbeing.
“Oasys has the larger goal of making mental health more objective and measurable and data-driven. We’re building the operating system for modern mental health,” said Hashem Abdou, co-founder and CEO at Oasys, in an interview. “Oasys helps clinics run their practices with AI automation, while giving the clinicians real-time insights from wearable devices and from other sources of data, patient data specifically, so that therapy isn’t just a weekly conversation, but more of a continuous and data-informed care journey.”
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The $4.6 million in funding included a $4 million seed round led by Pathlight Ventures, with participation from Twine Ventures and Better Ventures, as well as $600K pre-seed funding from 1984 Ventures.
“Oasys is defining a new category in mental health care, moving beyond legacy EHRs and fragmented point solutions to build a truly comprehensive data backbone,” said Charley Ma at Pathlight Ventures, in a statement. “The company’s founding team has the technical depth and execution velocity to set a new standard for how the world clinically understands and supports mental health. It’s an honor to be part of their journey at the unique intersection of AI, data infrastructure, and clinical care.”
With the financing, Oasys will improve its AI platform, deepen its integrations with wearables and health apps, grow its engineering and data science teams and expand its partnerships with providers, according to Abdou.
The world is currently facing a mental health crisis, and at the same time, the mental healthcare system is very outdated and reactive, according to Abdou. While other areas of healthcare have embraced data and automation, mental health is behind, resulting in various problems, he argued.
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“One is clinicians that are overwhelmed and overburdened,” he said. “There is a ton of admin work that they have to deal with, so that’s just less time that they are able to spend on delivering better quality care for patients. And as a result of that, obviously, patients are treated much more episodically, and often seek treatment really once things really get bad and reach a breaking point. What we’re trying to do is close that gap and bring the precision of modern medicine to mental health care as well.”
There are other companies that provide aspects of what Oasys does, according to Abdou. For example, Abridge offers ambient scribe services — though it doesn’t focus on behavioral health. What differentiates Oasys is that it’s the “operating system” that combines the EHR, AI copilot and real-world data in one place, Abdou said.
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