evolvedMD, a Scottsdale-based provider of integrated Psychiatric Collaboration Care Management (CoCM), services in primary care, has raised $5.4m through Series A financing.
Waterline Ventures led the round, as did Conductive Ventures.
The company plans to use the funds for scaling technology infrastructure and continuing to build its clinical delivery team. In addition to expanding in Arizona and Utah the company intends to launch in additional states.
Launched in 2017, evolvedMD makes it easy for primary care to deliver behavioral health care and improve clinical outcomes through Collaborative Care, an evidence-based model for treating depression and anxiety in primary care settings. The integrated technology and behavioral health staff in the primary care setting provides a single experience for the patient as well as the provider. To increase access and reduce burnout among providers, evolvedMD clinicians and case managers, psychiatric specialists, and administrators are integrated into the primary care setting.
evolvedMD is currently working with several primary care partners in Arizona and Utah, such as Honor Health, Foothill Family Clinic, Ogden Clinic, Apricus Health, Granger Medical, Premiere Family Health and many others.