Iris Telehealth's Acquisition of innovaTel Marks a Major Leap in Telepsychiatry Services
On January 21, 2025, Iris Telehealth, a prominent provider of innovative behavioral health solutions, announced its acquisition of innovaTel, a specialized telepsychiatry service under Quartet Health. This strategic merger aims to enhance the accessibility and quality of mental health services, responding to the escalating demand across diverse patient demographics.
With this acquisition, Iris Telehealth is poised to significantly expand its telepsychiatry capabilities, potentially establishing itself as one of the largest telepsychiatry providers in the United States. The move aligns with Iris's long-term mission to tackle the existing behavioral health crisis, as highlighted by the Health Resources and Services Administration (HRSA), which reported that nearly 160 million Americans reside in areas with a shortage of mental health providers. The combined resources of both companies are expected to bridge this gap, ensuring that underserved communities have improved access to essential mental health care and qualified professionals.
Andy Flanagan, CEO of Iris Telehealth, emphasized the importance of this merger in the evolving landscape of the behavioral health sector. He stated, "Consolidation is critical for achieving scale, sustainability, and improved treatment outcomes in our industry. This acquisition is a pivotal step in our efforts to offer innovative solutions like our Iris Insights Virtual Clinic, which empowers health systems and community organizations to provide effective behavioral health solutions."
InnovaTel, with over a decade of experience as a reliable partner to healthcare organizations nationwide, brings unique expertise in treating complex behavioral health conditions. By integrating the strengths of both Iris and innovaTel, this merger promises to enhance service delivery while improving clinical outcomes for patients seeking mental health assistance.
Christina Mainelli, CEO of Quartet Health, expressed her enthusiasm about the merger, highlighting that the collaboration with a clinically-led organization like Iris Telehealth will ensure even greater access to high-quality and sustainable care for patients and provider partners alike. The combined entity aims to offer a comprehensive range of behavioral health services, tailored to support nearly any patient in need of virtual care.
In a landscape where the need for mental health support is on the rise, Iris Telehealth is committed to ensuring that innovative and compassionate care remains available to all those who require it. This acquisition underscores their pledge to meet the growing needs of communities, guaranteeing that sufficient resources are allocated for effective behavioral health treatment.
For additional information on Iris Telehealth's array of behavioral health solutions and their efforts to broaden access to quality mental healthcare, visit iristelehealth.com. Iris Telehealth is dedicated to working closely with healthcare organizations to optimize their behavioral health services through strategic models, expert clinicians, and data analytics. Through a commitment to strong human connections and tailored solutions, they aim to enhance the quality of care provided to communities.
InnovaTel by Quartet operates as a mental health as a service (BHaaS) platform that focuses on delivering timely access to a national network of qualified mental health professionals. Moreover, they have garnered recognition as one of Modern Healthcare's Best Places to Work in Healthcare in 2021, underlining their commitment to quality and support in the mental health landscape. With the resources and backing of Canyon Healthcare Partners, they are prepared to continue innovating in healthcare delivery, thus improving mental health outcomes for individuals and communities across the nation.
The merger of Iris Telehealth and innovaTel signifies a pivotal advancement in the behavioral health industry, aiming to address systemic challenges and improve overall patient outcomes effectively.
With this acquisition, Iris Telehealth is poised to significantly expand its telepsychiatry capabilities, potentially establishing itself as one of the largest telepsychiatry providers in the United States. The move aligns with Iris's long-term mission to tackle the existing behavioral health crisis, as highlighted by the Health Resources and Services Administration (HRSA), which reported that nearly 160 million Americans reside in areas with a shortage of mental health providers. The combined resources of both companies are expected to bridge this gap, ensuring that underserved communities have improved access to essential mental health care and qualified professionals.
Andy Flanagan, CEO of Iris Telehealth, emphasized the importance of this merger in the evolving landscape of the behavioral health sector. He stated, "Consolidation is critical for achieving scale, sustainability, and improved treatment outcomes in our industry. This acquisition is a pivotal step in our efforts to offer innovative solutions like our Iris Insights Virtual Clinic, which empowers health systems and community organizations to provide effective behavioral health solutions."
InnovaTel, with over a decade of experience as a reliable partner to healthcare organizations nationwide, brings unique expertise in treating complex behavioral health conditions. By integrating the strengths of both Iris and innovaTel, this merger promises to enhance service delivery while improving clinical outcomes for patients seeking mental health assistance.
Christina Mainelli, CEO of Quartet Health, expressed her enthusiasm about the merger, highlighting that the collaboration with a clinically-led organization like Iris Telehealth will ensure even greater access to high-quality and sustainable care for patients and provider partners alike. The combined entity aims to offer a comprehensive range of behavioral health services, tailored to support nearly any patient in need of virtual care.
In a landscape where the need for mental health support is on the rise, Iris Telehealth is committed to ensuring that innovative and compassionate care remains available to all those who require it. This acquisition underscores their pledge to meet the growing needs of communities, guaranteeing that sufficient resources are allocated for effective behavioral health treatment.
For additional information on Iris Telehealth's array of behavioral health solutions and their efforts to broaden access to quality mental healthcare, visit iristelehealth.com. Iris Telehealth is dedicated to working closely with healthcare organizations to optimize their behavioral health services through strategic models, expert clinicians, and data analytics. Through a commitment to strong human connections and tailored solutions, they aim to enhance the quality of care provided to communities.
InnovaTel by Quartet operates as a mental health as a service (BHaaS) platform that focuses on delivering timely access to a national network of qualified mental health professionals. Moreover, they have garnered recognition as one of Modern Healthcare's Best Places to Work in Healthcare in 2021, underlining their commitment to quality and support in the mental health landscape. With the resources and backing of Canyon Healthcare Partners, they are prepared to continue innovating in healthcare delivery, thus improving mental health outcomes for individuals and communities across the nation.
The merger of Iris Telehealth and innovaTel signifies a pivotal advancement in the behavioral health industry, aiming to address systemic challenges and improve overall patient outcomes effectively.
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