Reverie Mind

What Reverie Mind does

Reverie Mind, LLC is a virtual psychiatric practice founded in 2020 in Tempe, Arizona, operating as a founder-owned, single-member LLC led by a board-certified Psychiatric Mental Health Nurse Practitioner (PMHNP-BC) licensed by the Arizona State Board of Nursing and registered with the DEA and CSPMP. The practice delivers psychiatric evaluation, medication management, and ongoing care for adults and adolescents (ages 12 and older) across the state of Arizona via a HIPAA-compliant telehealth video platform, with electronic prescribing compliant with DEA requirements for controlled substances, a secure patient portal for consent forms and clinical questionnaires, and online scheduling that yields new-patient availability within 1-2 weeks. The core go-to-market motion is direct-to-consumer telehealth, with intake, insurance verification, and appointment booking managed through the website and online forms; pricing is currently private pay with HSA/FSA acceptance and limited sliding-scale spots, while the practice is actively credentialing with BCBS, Aetna, United Healthcare, Cigna, AHCCCS, Medicare, and Tricare.

In November 2022 the company acquired the Arizona Ketamine Treatment and Research Institute (AKTARI), extending the product surface beyond conventional psychiatry into psychedelic-assisted therapy and clinical trial offerings. Patient experience data from AKTARI is being channeled into Reverie's INFORMED platform, a technology layer described as supporting the development of personalized therapy programs, though technical details of the platform remain undisclosed. The business remains bootstrapped with 1-10 employees, a single-state footprint, and no disclosed venture or growth equity backing, making it a small, founder-led clinical practice with an emerging psychedelic-therapy vertical rather than a scaled platform business.

Name

Reverie Mind

Legal name

Reverie Mind, LLC

Website

https://reveriemind.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

Reverie Mind is a virtual psychiatric practice serving adults and adolescents across Arizona. Founded in 2020, it delivers psychiatric evaluations, medication management, and evidence-based care via HIPAA-compliant telehealth, and is developing personalized psychedelic therapy programs through its INFORMED platform following the 2022 AKTARI acquisition.

Ownership category

akta.pro rank

Headquarters

HQ city

Tempe

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Private Pay Psychiatric Services: Direct out-of-pocket payment for psychiatric evaluations, medication management, and ongoing care. Fees are discussed during consultation and collected at time of service. The practice accepts credit/debit cards, HSA cards, and FSA cards. Superbills are provided upon request for out-of-network insurance reimbursement submissions.
2. Future Insurance Reimbursement: Once insurance credentialing is complete, the practice will accept major insurance plans including BCBS, Aetna, United Healthcare, Cigna, AHCCCS, Medicare, and Tricare. This will shift some revenue from direct pay to insurance-reimbursed services.
3. Sliding Scale Services: Limited reduced-fee spots available based on demonstrated financial need, providing tiered access to psychiatric care.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Reverie Mind is a virtual psychiatric practice delivering telehealth-based mental health care to adults and adolescents across Arizona. Core services include comprehensive 60–90 minute psychiatric evaluations, ongoing medication management, and condition-specific treatment for anxiety, depression, ADHD, mood and bipolar disorders, and adolescent psychiatry, supported by a HIPAA-compliant video platform, DEA-compliant electronic prescribing, and a secure patient portal.

Product overview

Reverie Mind is a virtual psychiatric practice serving adults and adolescents across Arizona via secure telehealth. The company offers a unified telehealth platform delivering psychiatric evaluation, medication management, and specialized treatment services for anxiety, depression, ADHD, mood disorders, and adolescent psychiatry. The core offering is the Telehealth Psychiatric Services platform integrated with the INFORMED technology platform (acquired through AKTARI) to develop personalized psychedelic therapy programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Telehealth Psychiatric Services Core virtual psychiatric care delivery service for adults and adolescents across Arizona, conducted over a secure, HIPAA-compliant video platform from any smartphone, tablet, or computer with a camera and microphone.
• Psychiatric Evaluation
• Medication Management
• Anxiety and Depression Treatment
• ADHD Assessment and Care
• Mood and Bipolar Disorders Care
• Child and Adolescent Psychiatry

Quantifiable outcome

• New client appointments typically available within 1-2 weeks of completing intake paperwork

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Arizona Ketamine Treatment and Research Institute (AKTARI)coreStrategic or Co-development Partner · 17 November 2022Reverie Mind acquired Arizona Ketamine Treatment and Research Institute (AKTARI) in Phoenix, Arizona in November 2022. This acquisition expands Reverie Mind's mental wellness care and clinical trial offerings. AKTARI's patient experience is being leveraged to develop personalized therapy programs and improve treatment outcomes using Reverie's INFORMED platform. The acquisition supports Reverie Mind's strategy to address the growing mental health epidemic through innovative, individualized psychedelic treatments.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Done (Done ADHD): Done is a direct-to-consumer telehealth practice focused on ADHD evaluation and ongoing stimulant prescribing for adults. It is a direct peer on Reverie Mind's ADHD assessment and ongoing medication management service line, with a similar cash-pay / out-of-network model.
• Cerebral: Cerebral is a telehealth mental health platform offering online psychiatric evaluation, medication management, and therapy for conditions such as ADHD, anxiety, and depression. It overlaps directly with Reverie Mind's adult-focused medication management offering, although Cerebral has had regulatory and ADHD-prescribing headwinds that Reverie Mind does not.
• Talkiatry: Talkiatry is a national telehealth psychiatry practice that employs board-certified psychiatrists to deliver medication management and psychiatric evaluations in-network with major insurers. It directly competes with Reverie Mind on virtual psychiatric evaluation, medication management, and insurance-based adult/adolescent care, with materially greater geographic reach and capital.
• Klarity Health: Klarity is a telehealth platform that connects patients with licensed providers for ADHD, anxiety, depression, and other mental health conditions, with an emphasis on quick access and transparent pricing. It is comparable to Reverie Mind as a virtual, cash-and-insurance psychiatry practice serving similar patient segments.
• Brightside Health: Brightside Health is a telehealth psychiatry and therapy provider focused on anxiety and depression, combining medication management with digital therapy programs. It competes with Reverie Mind on the same core indications (anxiety, depression, medication management) in a virtual, direct-to-consumer model.

Others

• Alma: Alma is a platform that provides insurance billing, credentialing, and practice software to independent mental health clinicians, with a directory of in-network therapists and psychiatrists. It is an ecosystem enabler comparable to Headway and is a peer in the sense that Alma-supported clinicians compete directly with Reverie Mind for Arizona patients.
• Headway: Headway is a software platform that helps independent mental health clinicians accept insurance by handling credentialing, billing, and scheduling. It is an enabler/competitor to Reverie Mind's private practice model: Reverie Mind could use Headway to accelerate its own insurance credentialing, or compete with Headway-enabled practices in Arizona.

Regional players

• Two Chairs: Two Chairs is a hybrid in-person and telehealth therapy practice originally built in California that emphasizes matching clients to specialized therapists. It is comparable to Reverie Mind as a branded, design-forward outpatient mental health practice, but is primarily a therapy (not psychiatry) model with limited geographic overlap with Arizona.

Broad incumbents

• BetterHelp: BetterHelp, part of Teladoc, is the largest direct-to-consumer online therapy platform offering counseling via messaging, chat, phone, and video. It is a broad incumbent in the same virtual mental health category as Reverie Mind, but its core offering is therapy rather than psychiatric evaluation and prescribing.
• Lyra Health: Lyra Health is an enterprise mental health benefits platform that provides employees with access to therapy, coaching, and psychiatry from licensed providers. It is a broad incumbent competing for the same employer-sponsored mental health spend that Reverie Mind's commercial patients represent, with much larger scale and a B2B2C motion.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/reverie2day
• Facebookfacebook.com/Reverie2day

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reverie Mind