Nashville’s behavioral firm Peregrine Healthcare has secured new equity financing of $5m, as reported by the SEC. The business concentrates on ensuring that women, children, and those from impoverished communities receive adequate health care through affiliations with FQHCs, RHCs, and other primary care facilities.
Peregrine Healthcare offers telehealth for behavioral health, including psychotherapy, medication management, and psychiatric services. They also offer white-labelled programs, including caring for appointment making, service coordination, and staffing.
Technology-Driven Support
Peregrine Healthcare has technology products that can be used to enhance its operations. Some are templates for using electronic medical record (EMR) systems and scheduling tools to help improve the output of the providers in the healthcare systems.
A Rising Star in the Behavioral Health Market
Peregrine has drawn a lot of attention from investors. This year, in January, the company completed an equity funding round that raised $3.4m. Integrative Life Network and Integrative Health Centers merged in late 2023. The resulting joint company got $7m in a December 2023 funding round led by BIP Ventures.
A Specific Emphasis on the Vulnerable Groups
Currently, the United States has over 3,000 startups in the sphere of tech-enabled behavioural health, which, however, do not focus on the clients who need it more. Peregrine aligns with a few limited companies, such as Cityblock, dedicated to value-based care for Medicaid and low-income Medicare members.
Cityblock has attracted over $400 million in funding. It is also indicating the increasing need for affordable and appropriate care solutions.
Latest funding has placed Peregrine Health in a better place to expand its mission of delivering the necessary behavioral health services in any targeted region.
