October 2, 2019
NEW YORK, NY — Today CB Insights named Quartet, a healthcare technology and services company with a mission to improve the lives of people with mental health conditions, to the inaugural Digital Health 150 ranking. This list showcases the 150 most promising private digital health companies in the world. The list was revealed during Future of Health, a gathering of top executives across some of the largest healthcare institutions, startups, and investment firms. The Digital Health 150 companies span the globe, from Canada, China, Germany, Israel, the United States, and the United Kingdom, and are supported by more than 850 investors.
The state of mental health in the U.S. is in crisis and too many people aren’t getting the care they need. Quartet works with patients, providers, and health plans to make it easier to get people the right mental health care. Through Quartet, doctors and case managers can easily recommend patients for care; Quartet then works with patients to connect them with resources and an excellent mental health care provider who best meets their needs and takes their insurance. This work is supported by secure technology that allows providers to connect about their patients’ health and work together to get them the care and support they need.
“We’re thrilled to be recognized on the CB Insights Digital Health 150 list for our work to connect people with mental health conditions to the right care at the right time,” said David Wennberg, MD, MPH, CEO of Quartet. “Mental health conditions are health conditions, and mental health care is health care. At Quartet, we’re changing the way patients are connected to care and building the mental health care experience of the future.”
Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from hundreds of applications based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
“From pharmaceuticals to patient care, technology is rapidly changing healthcare, and The Digital Health 150 showcases the 150 best startups spearheading innovation and change in the sector,” said CB Insights CEO Anand Sanwal. “It’s a privilege to use CB Insights’ data to identify and shine a light on these companies, and we look forward to tracking their success in 2019 and beyond.”
Since it was founded in 2014, Quartet has worked with thousands of providers across the country and more than 55,000 patients. Most patients are matched with a provider within two weeks.
Quartet is currently available for patients and providers in seven markets across the U.S., including Pennsylvania, Washington, Northern California, New Jersey, Louisiana, Illinois, and North Carolina, with plans to expand its footprint dramatically in 2020.
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Quartet is a healthcare technology and services company striving to improve the lives of people with mental health conditions. We connect people to the right care at the right time. Our collaborative technology platform and range of services brings together physicians, mental health providers, insurance companies, and patients to effectively improve patients’ health outcomes and drive down healthcare costs. Backed by $153MM in venture funding from top investors like Oak HC/FT, GV (formerly Google Ventures), F-Prime Capital Partners, Polaris Partners and Centene Corporation, Quartet is currently operating in several markets across the United States — Pennsylvania, Washington, Northern California, New Jersey, North Carolina, Louisiana, and Illinois.
CB Insights named Quartet Health to its second annual Digital Health 150 ranking, which showcases the 150 most promising private digital health companies in the world. Quartet was recognized in the inaugural list last year, as well.
Today, Quartet Health announced a partnership with SilverCloud Health to offer clinically-validated digital mental health support to its patients nationwide. Through the collaboration, patients connected to care through Quartet can use SilverCloud’s computerized cognitive behavioral therapy (cCBT) tools to access digital mental health services via smartphone, smartwatch, tablet, or computer.
For the fourth time, Quartet was selected as one of Modern Healthcare’s Best Places to Work in Healthcare. The complete list of this year’s winners, in alphabetical order, is available at ModernHealthcare.com/bestplaceslist. Modern Healthcare will publish a special supplement featuring a ranked list of all the winners in October. Quartet was also honored as one of the Best Places to Work in Healthcare in 2016, 2017, and 2019.