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The explosion of investor interest in behavioral health startups has minted an expanding list of unicorns focused on helping people access care through employer benefits or commercial insurance.

Concert Health has its eye on the other part of the market.


“I love what all those people are doing, but they’re all solving for probably 30 or 40% of the need among those people that are [privately] insured versus the 60% of the spend in behavioral health that happens in Medicare and Medicaid,” CEO and co-founder Spencer Hutchins told STAT.

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