Oasys Health has raised US$4.6m to expand an AI platform that automates admin work for mental health providers.
The New York-based behavioural health start-up automates tasks including documentation, scribing, billing, scheduling and insurance reimbursements.
It also syncs with wearables and apps such as Apple Watch, Oura Ring, Strava and Flo to help providers understand patients’ wellbeing.
Hashem Abdou, co-founder and chief executive at Oasys, said: “Oasys has the larger goal of making mental health more objective and measurable and data-driven. We’re building the operating system for modern mental health.
“Oasys helps clinics run their practices with AI automation, while giving the clinicians real-time insights from wearable devices and from other sources of data, patient data specifically, so that therapy isn’t just a weekly conversation, but more of a continuous and data-informed care journey.”
The US$4.6m funding included a US$4m seed round led by Pathlight Ventures, with participation from Twine Ventures and Better Ventures, as well as US$600,000 in pre-seed funding from 1984 Ventures.
With the financing, Oasys said it will improve its AI platform, deepen its integrations with wearables and health apps, grow its engineering and data science teams and expand its partnerships with providers.
Charley Ma at Pathlight Ventures said: “Oasys is defining a new category in mental health care, moving beyond legacy EHRs and fragmented point solutions to build a truly comprehensive data backbone.
“The company’s founding team has the technical depth and execution velocity to set a new standard for how the world clinically understands and supports mental health. It’s an honour to be part of their journey at the unique intersection of AI, data infrastructure, and clinical care.”
Abdou said the world is facing a mental health crisis while the mental healthcare system remains outdated and reactive.
He said that while other parts of healthcare have adopted data and automation, mental health has lagged behind.
“One is clinicians that are overwhelmed and overburdened,” he said.
“There is a ton of admin work that they have to deal with, so that’s just less time that they are able to spend on delivering better quality care for patients.
“And as a result of that, obviously, patients are treated much more episodically, and often seek treatment really once things really get bad and reach a breaking point.
“What we’re trying to do is close that gap and bring the precision of modern medicine to mental health care as well.”
