Spring Health

Spring Health was founded in 2016 by April Koh and Adam Chekroud, based on research suggesting that matching patients with a mental health provider well suited to their specific clinical needs and preferences, rather than relying on more generic provider directories or random assignment, could meaningfully improve treatment outcomes and reduce the frustrating and sometimes lengthy process many patients experience trying several different therapists before finding one who is a good clinical and personal fit, a mismatch problem that has historically discouraged some patients from continuing with mental health treatment after an unsuccessful initial provider match. Spring Health's platform uses clinical assessment data and matching algorithms to connect employees at client companies with mental health providers, including therapists and psychiatrists, whom the platform's data suggests are likely to be a good clinical fit for that specific individual's needs, symptoms, and treatment preferences, aiming to reduce the trial-and-error process many patients otherwise face finding an appropriate mental health provider through more generic directory-based search and selection processes. The company's platform provides a range of mental health support options spanning self-guided digital content, coaching, therapy, and psychiatric medication management, giving employees at client companies a stepped range of support options appropriate to their specific needs rather than a single one-size-fits-all mental health benefit offering. Spring Health's primary go-to-market model involves selling its platform to large employers as an employee mental health benefit, competing directly with other prominent employer-sponsored mental health benefit platforms including Lyra Health and Modern Health in a category that has grown substantially as employer interest in supporting employee mental health, accelerated significantly by pandemic-era awareness of mental health challenges, has become an increasingly common and valued employee benefit priority. The company has raised very substantial venture funding from investors including Kinnevik, Tiger Global, and William K. Warren Foundation, reaching a valuation exceeding $3.3 billion.

News

7/16/2026

California Partners with Spring Health for Employee Mental Health Support

Spring Health collaborates with California's Department of Human Resources to provide mental health support to over 245,000 state employees, enhancing care for first responders facing high PTSD rates.

PR Newswire

6/5/2026

Spring Health Reports 43% of Employees Face Mental Health Barriers

With 43% of employees facing mental health barriers, Spring Health highlights a critical workforce challenge that could impact productivity and drive companies to invest in mental health solutions, potentially reshaping corporate wellness strategies and expenditures.

AOL.com

WSB-TV

5/20/2026

Spring Health Achieves 92% Improvement Rate in Mental Health Care

Spring Health's 92% improvement rate in mental health care not only enhances patient outcomes but also positions the company as a leader in a rapidly growing $240 billion mental health market, attracting potential investors and partnerships.

PR Newswire

Spring Health

Spring Health

5/15/2026

Spring Health Reports 61% Increase in Employee Burnout

The 61% increase in employee burnout reported by Spring Health signals a critical need for companies to invest in mental health solutions, as failing to address this issue could lead to decreased productivity and higher turnover costs.

AOL.com

KIRO 7 News Seattle

Halston Media Group

5/11/2026

Spring Health Reports 74% of Employees Face Financial Stress

The high level of financial stress reported by 74% of employees underscores the urgent need for employers to enhance financial wellness programs, potentially influencing workforce productivity and retention in an increasingly competitive labor market.

mydailyrecord.com

Spring Health