Spring Health

Spring Health is a psychiatry platform that offers personalized mental health solutions ranging from psychiatric assessments to mindfulness exercises, employee assistance programs, and coaching with therapists and mental health professionals. Through the app, employees can select what they need to accomplish in terms of their mental well-being and receive personalized suggestions. Spring Health also facilitates appointment scheduling with therapists, mindfulness exercises, and chats with licensed professionals.

The company claims that it can improve productivity by making employees happy with 70% of treatments scheduled after business hours. 

In May 2022, the company acquired Weldon , a family, and pediatric-focused wellness provider to increase Spring Health’s product portfolio to support members and their families as part of its plan to enhance coverage for families.

During 2022, Spring Health reported a 270% YoY revenue growth.

Key customers and partnerships

As of August 2023, the company served more than 4,500 clients, including Microsoft, Hershey, JB Hunt, Bumble, and Fujifilm. Furthermore, as of July 2024, Spring Health covered more than 10 million lives through 450 directly contracted employers, strategic payer relationships, and 27,000 groups accessing the solution through channel partners.

Spring Health partnered with national health plan Highmark Health in October 2023 to launch a mental health solution called Mental Well-Being. Starting in 2024, those covered under the Affordable Care Act (ACA), fully insured, and Medicare plans (about 2.8 million members) will be eligible to access this solution.