05/22/2026
Know your Therapist, how you access them & how they bill. Large corporate practice management companies market easy access to a therapist. But there are serious growing concerns.
Headway is owned by Blue Cross Blue Shield, Cigna, and Google.
Alma is owned by Cigna & Optum - Soon to be owned by Spring Health.
Grow is owned by Cigna & Optum.
Rula is owned by Amazon.
TalkSpace is owned by Alan Miller, backed by major shareholders such as Vanguard group, Fisrt Eagle Investment Management, BlackRock & Stare Street.
"These companies are typically funded by venture capital and private equity investors, whose primary aim is to generate a return on investment as quickly as possible. "
"81% {of therapists using these platforms} do not believe that practice management companies adequately protect client information."
"Oregon and Pennsylvania have taken legislative action to limit the presence of private equity investors in healthcare, so that the clinician-patient relationship and quality of care are protected."
"Headway is currently being sued for disclosing patient information to Google."
"The insurers have manufactured this therapist shortage, which is advantageous to them; the fewer therapists that insurers have to deal with and the fewer therapy sessions they have to pay for, the more profitable they will be."
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