Built With WebRTC: Regroup Therapy
Lately, in our “Built With WebRTC” series, we have been focusing on telehealth companies who have successfully implemented Web Real-Time Communications (WebRTC) technology in their solutions. One such company, Regroup Therapy, is forging a new frontier in the psychiatric health services space by providing an integrated telehealth and telepsychiatry solution that is reducing mental health shortages across the nation.
Regroup Therapy, Inc.
Regroup Therapy is a mental health service provider that makes credentialed and fully vetted psychiatrists, social workers and advanced practice nurses available to patients via a secure, WebRTC enabled video platform that’s HIPAA-compliant.
Regroup is providing a solution that innovatively addresses healthcare disparities and provider shortages in mental health. By partnering with various health entities, Regroup allows patients access to clinicians in health care settings such as hospitals, primary care clinics, correctional institutions and community-based outpatient centers.
With 55 percent of all U.S. counties having no mental health clinicians, it comes as no surprise that in just 2 short years, Regroup Therapy has experienced tremendous growth. Revenue jumped from less than $500,000 in 2016 to a projected annual recurring revenue of over $10 million in 2017. Regroup Therapy now employs 23 full-time staffers and serves nearly 50 health entities with a network of more than 3,000 clinicians.
The company has secured $8.4M from investors including OSF Ventures, Hyde Park Angels, OCA Ventures and Frist Cressey Ventures. Other investors include GrubHub co-founder Mike Evans and Wasson Enterprise, the family investment office of former Walgreens CEO Greg Wasson.
Team & Leadership
David Cohn is the founder and CEO and serves on the company’s Board. David’s prior work has ranged from consulting CIOs of global companies and over a two-year stint with the US Peace Corps. David was the Director of Sales and Service for Latin America, Spain, and Portugal with CEB. A lesser-known fact, David has flown over a million miles.
Moon Lee is Regroup’s CTO and a veteran technical and product development leader with twenty years of experience at companies both large and small. Since his first startup, which eventually went on to a successful IPO, he has helped launch new products for a number of companies and well-known brands.
|Chicago, IL||2011||$8.4 M|
|10 – 50||Healthcare||regrouptherapy.com|
Telehealth: The New Frontier
The telehealth industry is expected to reach over $40 billion by 2021. Regroup Therapy is prepared to take a slice out of the market by providing services to those in mental healthcare shortage areas in a big way. As other healthcare companies race to catch up to pioneers in the telehealth industry like Regroup Therapy and Teladoc, it is important to note that these companies’ success is largely in part due to implementing innovative technologies such as WebRTC.
WebRTC is enabling a new generation of telehealth applications and will be an important part of the future of telehealth. Blacc Spot Media can integrate WebRTC technology directly into your new or existing telehealth service, providing you with a secure and cost-effective HIPAA compliant platform. Let us show you how we can jump start your telehealth project today!
About Blacc Spot Media, Inc.
Blacc Spot Media is an Inc 5000 fastest growing company in America focused on Web Real-Time Communications (WebRTC) development across web, mobile, native desktop and telephony implementations. Our team works on strategic projects developing custom applications, enterprise platforms and mobile applications for a wide array of clients. If you are interested developing your own WebRTC product or service, let us know how we can help you.