Alma Expands Mental Health Network Buoyed By $28M Series B

Founded by Oscar Health veteran Harry Ritter, M.D., in 2018, Alma aims to improve access to high-quality, affordable mental health care.

Typically, mental health providers do not accept insurance, and an average session can cost between $150 and $500, he told Crunchbase News.

Alma’s platform enables providers to accept insurance. It also provides a member directory, client-matching service, scheduling and billing functions, as well as education, training and a community for support, he said. In addition, Alma works with the insurance companies on behalf of the providers, which reduces session costs down to an average of $18.

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