Telemynd

General Information
Business:

Telemynd is leveraging the two main assets of Mynd Analytics, Arcadian Telepsychiatry and the PEER Online technology platform We are emerging as a new technology enabled behavioral health solutions company that is designed to increase access to care and improve patient outcomes all while lowering costs. In 2015, in the United States, approximately $150 billion was spent by government and commercial payers for the direct treatment of behavioral health conditions. Despite this enormous spend, the U.S. is experiencing high levels of suicide making it a leading cause of death. The American Journal of Psychiatry estimated that the economy is impacted by almost $193 billion in annual lost productivity from the effects of behavioral disorders. Telemynd’s mission is to provide solutions to clinicians, healthcare systems and payers intended to reverse the trends.,Telemynd intends to increase access to care through the wholly owned Arcadian Telepsychiatry subsidiary to deliver a network of psychiatric specialists and therapists to patients through a cloud-based, secure video connection that is integrated into a customized, telemedicine platform. We believe we have increased the efficacy of treatments through our Telemynd CDS (Clinical Decision Support). Telemynd CDS utilizes the PEER Online platform that helps providers select an optimal course of treatment based on a non-invasive and low cost EEG brain scan that can be done in a primary care office.

Industry: MISC HEALTH & ALLIED SERVICES
Employees: 28
Founded: 2019
Contact Information
Address 26522 La Alameda, Suite 290, Mission Viejo, CA 92691, US
Phone Number (949) 420-4400
Web Address http://www.telemynd.com
View Prospectus: Telemynd
Financial Information
Market Cap $23.8mil
Revenues $1.7 mil (last 12 months)
Net Income $-8.4 mil (last 12 months)
IPO Profile
Symbol PSYC
Exchange NASDAQ
Shares (millions): 1.4
Price range $5.50 - $6.50
Est. $ Volume $8.4 mil
Manager / Joint Managers Aegis Capital
CO-Managers -
Expected To Trade:
Status: TBA
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change