PsychPlus
PsychPlus operates 200+ mental health clinics across all 50 US states, delivering psychiatry, therapy, and interventional treatments (TMS, Spravato, ECT) via a proprietary EHR and mobile app. Following its 2026 Koa Health acquisition, the platform serves 6 million+ patients globally.
- Company typePrivate
- Founded2018
- HeadquartersHouston, United States
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What PsychPlus does
PsychPlus is a US-based mental health care provider operating a hybrid in-person and virtual care model through more than 200 clinical locations across all 50 states. Its service portfolio spans standard outpatient psychiatry and therapy (individual, couples/family, and group) as well as high-acuity interventional treatments including transcranial magnetic stimulation (TMS), Spravato (esketamine), electroconvulsive therapy (ECT), intensive outpatient programs, partial hospitalization programs, psychiatric urgent care, and alcohol/substance detox. The technology layer consists of a proprietary electronic health record system and a mobile application on iOS and Android that enables 24/7 self-scheduling, virtual waiting rooms, patient portal access, and integrated care delivery across in-person and telehealth channels.
The company generates revenue primarily through fee-for-service clinical care billed to insurance plans and patients, accepting most major US payors including United Healthcare, Aetna, Cigna, Empire, Humana, Medicaid, and Medicare. Its go-to-market combines a direct-to-consumer acquisition motion (website, mobile app, self-scheduling, referrals) with B2B partnerships across employers and EAPs, health plans, behavioral health hospitals, acute hospitals, ACOs/CINs, FQHCs/CMHCs, schools, government agencies, long-term care facilities, workers' compensation programs, and provider practice groups. Pricing is insurance-led with quote-based self-pay for uninsured patients and no publicly disclosed subscription tiers.
In June 2026, PsychPlus acquired Koa Health, a digital mental health company, positioning the combined entity as what PsychPlus describes as the world's largest technology-enabled mental health company. The acquisition added a digital-first care delivery model, 23 peer-reviewed clinical studies, 56 patents, and reach into Europe, Australia, and Asia-Pacific, bringing reported patient coverage to more than 6 million globally. The company was founded in 2018 by Dr. Faisal Tai, MD and is headquartered in Houston, Texas, with leadership now including President Oliver Harrison.
PsychPlus firmographics
Firmographics- Name
- PsychPlus
- Legal name
- PsychPlus
- Website
- https://psychplus.com
- Company type
- Private
- Founded year
- 2018
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- PsychPlus operates 200+ mental health clinics across all 50 US states, delivering psychiatry, therapy, and interventional treatments (TMS, Spravato, ECT) via a proprietary EHR and mobile app. Following its 2026 Koa Health acquisition, the platform serves 6 million+ patients globally.
- Ownership category
- akta.pro rank
PsychPlus industry classification
Industry- Product category
- Mental Health Care Services
- NAICS
- Offices of Physicians, Mental Health Specialists (621112), Offices of Mental Health Practitioners (except Physicians) (62133), Psychiatric and Substance Abuse Hospitals (62221)
- SIC
- Services-Health Services (8000), Services-Offices & Clinics Of Doctors Of Medicine (8011)
- akta.pro primary industry
- Psychiatry & Medication Management Platforms (HLALAEAB)
Keywords
Where PsychPlus is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
PsychPlus business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Patient Care Services: PsychPlus generates revenue through providing mental health care services including psychiatry, therapy, medication management, and specialized treatments (TMS, Spravato, ECT). Services are billed to insurance plans and patients directly.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Insurance-covered care |
| Other | Pay-as-you-go | Self-pay/Uninsured |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels8 records
PsychPlus product offering
Product offeringCore offering
PsychPlus is a mental health care provider that delivers psychiatric evaluation, medication management, and therapy services through licensed psychiatrists, nurse practitioners, and therapists across 200+ US clinical locations and via telehealth. The service portfolio includes individual, couples/family, and group therapy, plus specialized interventional treatments such as Spravato, TMS, ECT, intensive outpatient programs, partial hospitalization, psychiatric urgent care, and substance detox. Patients self-schedule 24/7 online or via mobile app with same-day and next-day appointment availability, with most major insurance plans accepted.
Product overview
PsychPlus is a mental healthcare provider offering a comprehensive ecosystem of in-person and virtual care services through licensed psychiatrists, therapists, and nurse practitioners. The core offering includes psychiatry services and talk therapy (individual, couples/family, and group), supported by specialized treatment programs including Spravato (esketamine), TMS (transcranial magnetic stimulation), ECT, Intensive Outpatient Program (IOP), Partial Hospitalization Program (PHP), Psychiatric Urgent Care, and substance detox services. The company operates a clinical network of over 200 US locations and serves more than 6 million patients following its acquisition of Koa Health. Technology infrastructure includes a proprietary EHR system and a mobile application for patient self-scheduling and virtual care access. The platform also offers digital-first care delivery integrated with the clinical network.
Differentiator
Problem solved
Functional benefit
Products and services
- Psychiatry Services Psychiatric evaluation, diagnosis, and medication management services provided by licensed psychiatrists for mental health conditions.
- Therapy Individual talk therapy sessions provided by licensed therapists and counselors for various mental health concerns.
- Couples/Family Therapy Therapeutic services addressing relationship dynamics, family conflicts, and improving communication among couples and family members.
- Group Therapy Therapeutic sessions conducted in group settings allowing patients to share experiences and learn from others facing similar challenges.
- Spravato (Esketamine Treatment) FDA-approved esketamine nasal spray treatment for treatment-resistant depression, administered under medical supervision.
- TMS (Transcranial Magnetic Stimulation) Non-invasive brain stimulation therapy using magnetic fields to stimulate nerve cells for treating depression and other mental health conditions.
- Intensive Outpatient Program (IOP) Structured treatment program providing multiple therapy sessions per week while allowing patients to live at home.
- Partial Hospitalization Program (PHP) Day treatment program providing intensive therapeutic care with clinical support, offering a step down from inpatient hospitalization.
- Psychiatric Urgent Care Immediate psychiatric evaluation and care for mental health crises without the need for emergency room visits.
- ECT (Electroconvulsive Therapy) Medical procedure involving electrical stimulation of the brain under anesthesia for severe mental health conditions.
- Detox: Alcohol and Substance Treatment Medical detoxification and substance abuse treatment services for alcohol and drug dependency.
- PsychPlus Mobile App Mobile application enabling patients to self-schedule appointments, access virtual care, view medications, and manage their mental health care on-the-go.
Quantifiable outcome
- More than 6 million patients supported across 4 continents
Companies that use PsychPlus
Customer profileNamed customers10 records
Segments13 records
Ideal customer profiles4 records
PsychPlus technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
PsychPlus partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Koa HealthflagshipPsychPlus acquired Koa Health to create the world's largest technology-enabled mental health company. The acquisition combined PsychPlus's clinical network of 200+ US locations with Koa Health's digital-first care delivery model. The merged entity now supports over 6 million patients. Koa Health brings 23 peer-reviewed clinical studies and 56 patents to the platform, enhancing PsychPlus's evidence-based care capabilities and international reach in Europe, Australia, and Asia-Pacific.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
PsychPlus competitors and assessment
Company assessmentDirect peers
- Cerebral: Cerebral is a telehealth mental health platform offering online psychiatry and therapy with medication management, overlapping directly with PsychPlus's core psychiatry + therapy model.
- Talkspace: Talkspace is an online therapy and psychiatry platform serving both consumers and B2B partners including employers and health plans, with a similar D2C-plus-enterprise GTM motion to PsychPlus.
- Talkiatry: Talkiatry is a national in-network telepsychiatry group, directly comparable to PsychPlus in offering insurance-accepted, psychiatrist-led outpatient mental health care at scale.
- Lyra Health: Lyra Health is a mental health benefits platform for employers and health plans combining therapy, coaching, and psychiatry - a direct B2B competitor to PsychPlus's employer/EAP channel.
- Headway: Headway is a network and software platform that helps mental health providers accept insurance and grow practices, competing with PsychPlus on the provider-network and insurance-accepting dimension.
- Two Chairs: Two Chairs operates hybrid in-person and virtual therapy clinics in multiple US markets with insurance acceptance, comparable to PsychPlus's in-person + virtual therapy model.
- Array Behavioral Care: Array Behavioral Care is a telepsychiatry provider serving acute hospitals, emergency departments, and inpatient facilities, directly comparable to PsychPlus's hospital/ED consultation services.
- LifeStance Health: LifeStance Health is one of the largest US outpatient mental health provider groups with in-person and telepsychiatry services, competing head-to-head with PsychPlus on physical scale and insurance participation.
- Brightside Health: Brightside Health is a telehealth psychiatry and therapy platform focused on anxiety and depression with medication management, overlapping PsychPlus's psychiatry-led service line.
Broad incumbents
- Headspace Health: Headspace Health (Headspace plus Ginger) is a broader digital mental health and wellness platform with employer/B2B reach, an adjacent incumbent with overlapping employer mental health channels but a more consumer/digital orientation than PsychPlus.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks5 records
Key highlights6 records
Customer concentration
PsychPlus social profiles
Digital presencePsychPlus financial estimates
Financial estimateRevenue estimate
Valuation estimate
PsychPlus leadership team
Management profileNumber of profiles
Profiles2 records
PsychPlus subsidiaries and ownership
Company hierarchySubsidiaries1 record
PsychPlus funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PsychPlus M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PsychPlus
What does PsychPlus do?
PsychPlus is a mental health care provider that delivers psychiatric evaluation, medication management, and therapy services through licensed psychiatrists, nurse practitioners, and therapists across 200+ US clinical locations and via telehealth. The service portfolio includes individual, couples/family, and group therapy, plus specialized interventional treatments such as Spravato, TMS, ECT, intensive outpatient programs, partial hospitalization, psychiatric urgent care, and substance detox. Patients self-schedule 24/7 online or via mobile app with same-day and next-day appointment availability, with most major insurance plans accepted.
Is PsychPlus a public or private company?
PsychPlus is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PsychPlus founded?
PsychPlus was founded in 2018. It employs 501 to 1,000 people.
Where is PsychPlus based?
PsychPlus is headquartered in Houston, United States, in the North America region.
How does PsychPlus make money?
One revenue line is on record: patient Care Services.
Who are PsychPlus's main competitors?
Direct peers on record are Cerebral, Talkspace, Talkiatry, Lyra Health, Headway, Two Chairs, Array Behavioral Care, LifeStance Health and Brightside Health. Headspace Health is listed as a broad incumbent.
Does PsychPlus have an API?
No public API is recorded for PsychPlus.
What industry is PsychPlus in?
PsychPlus's product category is Mental Health Care Services. Its primary akta.pro industry code is HLALAEAB, Psychiatry & Medication Management Platforms. Its NAICS code is 621112 and its SIC code is 8000.