SOL Mental Health
SOL Mental Health is a Denver-based, multi-state outpatient mental health provider founded in 2020 that delivers integrated therapy and psychiatric services through in-person clinics in five U.S. markets and HIPAA-compliant telehealth, billing major commercial insurers and serving individuals, couples, and children.
- Company typePrivate
- Founded2020
- HeadquartersDenver, United States
- Headcount251–500
- GTM typeB2C
- OfferingServices
What SOL Mental Health does
SOL Mental Health is a private, multi-state outpatient mental health provider founded in 2020 and headquartered in Denver, Colorado. The company operates a hybrid in-person and virtual care model delivering therapy and psychiatric services under an integrated framework — patients can access individual therapy, couples therapy, child and adolescent mental health services, psychiatric evaluation, and medication management, with internal referral between therapists and psychiatric clinicians intended to coordinate treatment. The company runs physical clinics across five markets — Colorado, Maryland, New York, Virginia, and Washington D.C. — with recent 2025–2026 expansion into Castle Rock (CO), Hauppauge (NY), Columbus Circle (NY), and White Plains (NY), and serves additional geographies via HIPAA-compliant telehealth video visits. Leadership is founder-led (CEO Lindsay Arnold Sugden, co-founder/President Evan Lengerich) with a clinical bench that includes CMO Dr. Arpan Parikh and New York Lead Psychiatrist Dr. Gloria Rodriguez (recruited from Mount Sinai in August 2025).
The underlying technology stack is conventional healthcare IT rather than a proprietary platform: HIPAA-compliant encrypted video for telehealth, InSync as the patient portal in Colorado, and Athenahealth in other regions. There is no mobile app, no public API, and no disclosed AI/ML capability. Distribution runs through a direct-to-consumer model — online booking (schedule.solmentalhealth.com), regional phone intake lines by state, a physician referral program with same-day appointment availability, and a content-marketing/SEO engine via the company blog and social channels. A single institutional partnership (University of Colorado Anschutz internal medicine residency program, announced April 2026) introduces opt-out mental health access for medical trainees as a secondary channel.
Revenue is generated through fee-for-service insurance reimbursement: SOL is in-network with nine major payors including Aetna, Anthem, BlueCross BlueShield, CareFirst, Cigna, Tricade, and United Healthcare, with patients charged $100 per individual and $50 per group no-show fee as the only disclosed ancillary charge. The company has raised approximately $47 million cumulatively across three disclosed funding rounds ($16M in January 2022, ~$11M in January 2023, ~$20M in May 2025), with investors undisclosed. Operating geographies are restricted to the United States, and no revenue, ARR, or profitability figures have been disclosed.
SOL Mental Health firmographics
Firmographics- Name
- SOL Mental Health
- Legal name
- Sol Mental Health
- Website
- https://solmentalhealth.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- SOL Mental Health is a Denver-based, multi-state outpatient mental health provider founded in 2020 that delivers integrated therapy and psychiatric services through in-person clinics in five U.S. markets and HIPAA-compliant telehealth, billing major commercial insurers and serving individuals, couples, and children.
- Ownership category
- akta.pro rank
SOL Mental Health industry classification
Industry- Product category
- Outpatient Mental Health Services
- NAICS
- Outpatient Mental Health and Substance Abuse Centers (621420), Offices of Physicians, Mental Health Specialists (621112), Offices of Mental Health Practitioners (except Physicians) (621330)
- SIC
- Services-Specialty Outpatient Facilities, Nec (8093), Services-Offices & Clinics Of Doctors Of Medicine (8011)
- akta.pro primary industry
- Behavioral & Mental Health Virtual Care (EAP/Teletherapy) (HLALADAB)
Keywords
Where SOL Mental Health is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
SOL Mental Health business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales
Revenue model
- Insurance-based healthcare services: SOL Mental Health is in-network with major insurance providers including Aetna, Anthem, Beacon, BlueCross BlueShield, CareFirst, Carelon, Cigna, Tricare, and United Healthcare. Revenue is generated through insurance reimbursements for therapy and psychiatry visits.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Insurance-based care |
Go-to-market motion1 record
Distribution channels5 records
Marketing channels5 records
SOL Mental Health product offering
Product offeringCore offering
SOL Mental Health is an outpatient mental health provider delivering therapy, psychiatry, couples therapy, and child and adolescent mental health services through a hybrid of in-person clinics and HIPAA-compliant virtual care. The company operates across Colorado, Maryland, New York, Virginia, and Washington D.C., and is in-network with major commercial insurance plans to broaden patient access.
Product overview
SOL Mental Health is an integrated mental health care platform that combines psychiatry and therapy services under one roof. The company operates a network of local care centers across Colorado, Maryland, New York, Virginia, and Washington D.C., offering both in-person visits and virtual healthcare (telehealth) appointments. Their core services include Psychiatry Services for diagnosis and medication management, Therapy Services (individual, family, and group therapy), Couples Therapy Services, and Child & Adolescent Mental Health services. The integrated model enables seamless internal referrals and multidisciplinary support, with clinicians collaborating to provide coordinated care between therapy and psychiatric treatment.
Differentiator
Problem solved
Functional benefit
Products and services
- Outpatient Therapy Individual psychotherapy sessions delivered by licensed clinicians to adults, adolescents, and families seeking outpatient mental health treatment, available in-person at SOL clinics and via the company's HIPAA-compliant telehealth platform.
- Psychiatric Services Outpatient psychiatric evaluation and medication management provided by board-certified psychiatrists for conditions such as depression, anxiety, ADHD, and other behavioral health disorders, delivered in-clinic and via telehealth.
- Couples Therapy Specialized therapy for couples addressing relationship and communication issues, delivered by clinicians trained in couples counseling through in-person and virtual sessions.
- Child and Adolescent Mental Health Services Mental health care tailored for children and adolescents, including age-appropriate therapy and psychiatric support for families, provided by clinicians with pediatric and adolescent specialization in clinic and virtual settings.
- Telehealth Mental Health Visits HIPAA-compliant virtual visits delivering SOL's therapy, psychiatry, couples therapy, and adolescent services to patients remotely across the company's licensed states.
Quantifiable outcome
- Goal to get patients scheduled within 24-48 hours after initial intake, with first appointment within 2-5 business days
- +1 more outcomes
Companies that use SOL Mental Health
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles1 record
SOL Mental Health technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
SOL Mental Health partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- University of Colorado Anschutz School of MedicinecoreSOL Mental Health partnered with the internal medicine residency program at CU Anschutz to provide therapy and psychiatry services to residents. The partnership features opt-out appointments that SOL schedules and manages confidentially, with intentional provider matching to maximize therapeutic outcomes. SOL plans to expand coverage to more trainees at CU Anschutz and will begin reviewing data to assess the program's effectiveness.
Scale indicators3 records
Recent moves11 records
Expansion highlights5 records
SOL Mental Health competitors and assessment
Company assessmentDirect peers
- Talkiatry: National in-network psychiatry practice combining medication management with therapy referrals across multiple states — most directly comparable to SOL's integrated therapy + psychiatry, insurance-based, multi-clinic model.
- Cerebral: Subscription-based mental health platform offering therapy and psychiatry for anxiety, depression, and related conditions — competes with SOL on integrated mental health services and insurance/DTC access.
- Headway: Network and billing platform that brings therapists and psychiatrists in-network with major payors — directly comparable infrastructure layer to SOL's in-network, insurance-reimbursed care model.
- Lyra Health: Mental health benefits platform serving employers and health plans with therapy, psychiatry, and coaching — competes with SOL for mental health demand and operates hybrid in-person/virtual delivery.
- Alma: Provider network and practice platform for therapists and psychiatrists accepting insurance — directly comparable in-network infrastructure and clinician enablement model to SOL.
- Grow Therapy: Therapist and psychiatry network with insurance billing and practice management tooling — comparable to SOL's in-network, hybrid delivery outpatient mental health model.
Emerging players
- Brightside Health: Telehealth mental health provider focused on anxiety and depression with medication + therapy — comparable integrated online delivery, though primarily virtual rather than hybrid clinic-based.
Regional players
- Two Chairs: Hybrid in-person + virtual therapy practice with multiple clinic locations and in-network insurance — comparable clinic + telehealth hybrid outpatient model, currently concentrated in California.
- Octave: Outpatient mental health practice offering therapy and psychiatry in-person and virtually, accepting insurance — comparable integrated outpatient clinic model, geographically concentrated.
Broad incumbents
- Headspace Health: Broad mental health and wellness incumbent combining the Headspace consumer app with Ginger's therapy/coaching services — adjacent incumbent competing for the same end-patient mental health demand.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
SOL Mental Health social profiles
Digital presenceSOL Mental Health compliance and trust
Trust signalCompliance1 record
SOL Mental Health financial estimates
Financial estimateRevenue estimate
Valuation estimate
SOL Mental Health leadership team
Management profileNumber of profiles
Profiles6 records
SOL Mental Health funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SOL Mental Health M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about SOL Mental Health
What does SOL Mental Health do?
SOL Mental Health is an outpatient mental health provider delivering therapy, psychiatry, couples therapy, and child and adolescent mental health services through a hybrid of in-person clinics and HIPAA-compliant virtual care. The company operates across Colorado, Maryland, New York, Virginia, and Washington D.C., and is in-network with major commercial insurance plans to broaden patient access.
Is SOL Mental Health a public or private company?
SOL Mental Health is a private company. It is classified as venture growth investor backed and is currently operating.
When was SOL Mental Health founded?
SOL Mental Health was founded in 2020. It employs 251 to 500 people.
Where is SOL Mental Health based?
SOL Mental Health is headquartered in Denver, United States, in the North America region.
How does SOL Mental Health make money?
One revenue line is on record: insurance-based healthcare services.
Who are SOL Mental Health's main competitors?
Direct peers on record are Talkiatry, Cerebral, Headway, Lyra Health, Alma and Grow Therapy. Brightside Health is listed as an emerging player. Regional players are Two Chairs and Octave. Headspace Health is listed as a broad incumbent.
Does SOL Mental Health have an API?
No public API is recorded for SOL Mental Health.
What industry is SOL Mental Health in?
SOL Mental Health's product category is Outpatient Mental Health Services. Its primary akta.pro industry code is HLALADAB, Behavioral & Mental Health Virtual Care (EAP/Teletherapy). Its NAICS code is 621420 and its SIC code is 8093.