Precise Behavioral, a physician-led behavioral health services and technology company, raised $14.2 million in funding.
A1 Health Ventures led the round, with participation from Ziegler Link-Age Fund, Converge Capital Partners, and Granite Financial Holdings, an affiliate of Blue Cross of Idaho.
With fresh funds, Precise Behavioral will continue investment in its enterprise platform growth, including enhancements to AI-powered patient engagement tools, referral management capabilities, virtual care operations and analytics.
Precise Behavioral is a technology-enabled behavioral health company founded in 2022 by Dr. Nitin Nanda, a geriatric psychiatrist and healthcare entrepreneur who exited his last company (Aligned Telehealth) to Amwell, Inc, a publicly traded telehealth company.
Commenting on the fundraise, Nitin Nanda, MD, founder and CEO of Precise Behavioral, said: “This investment allows us to continue to scale our operating system for the next wave of behavioral health.”
Leading Health Systems Choose Precise Behavioral
Over the past year, Precise Behavioral has continued to expand its footprint with health systems seeking support across consultation-liaison psychiatry, outpatient behavioral health, collaborative care, digital patient engagement, referral management, and care navigation. Precise Behavioral partners with hospitals, health systems, ACOs, skilled nursing facilities, and correctional facilities to modernize behavioral healthcare delivery through its integrated technology, operational services, and clinical programs.
“No one has holistically addressed the behavioral health needs of health systems and hospitals comprehensively. Precise Behavioral targeted this niche early on and has scaled rapidly, reaching profitability in under three years, delivering more than 100,000 patient encounters, and building a national clinical footprint,” said Karim Botros, Managing Partner at A1 Health Ventures. “We believe Precise is uniquely positioned to define this enterprise behavioral health category.”