By Samantha Denefrio, PhD

What is it?

AbleTo employs a team of licensed therapists and coaches that offer one-on-one behavioral health services through your phone or secure video chat. The program offered includes two 45-minute sessions per week at your convenience. First, you fill out a contact form, then a specialist will reach out to review the program with you, then you set personal goals and begin. FAQs are answered here.

Why is it innovative?

As a participant, you work with both a therapist and a behavioral coach. Together, coaches and therapists offer a treatment plan that is designed to be short-term (approximately eight weeks) and uses Cognitive Behavioral Therapy (CBT) techniques. They also promote the use of tools such as mindfulness.

The Market

Unlike similar virtual therapy interfaces such as Talkspace, AbleTo is covered by a range of national and regional health insurance plans making it affordable and accessible. AbleTo therapists are licensed clinical social workers while coaches have a master’s-level education or greater (AbleTo). In February 2018, AbleTo became the first behavioral health service provider to receive telehealth accreditation by the Utilization Review Accreditation Commission (URAC; Globe News Wire).

Mission

“We’re innovating to provide accessible and effective behavioral health care for patients and to deliver results for insurers” (AbleTo).

Advantages

• AbleTo has highly educated and experienced therapists and coaches.
• The program is affordable as a part of your medical benefits plan.
• Virtual sessions reduce stigma associated with therapy.
• Programs are designed to be short term.

Disadvantages

• The specific types of mental health issues AbleTo is best for was difficult to find on the website.
• AbleTo discusses security and privacy compliance but does not explain how this is ensured.

Funding (Crunchbase)

Total Acquisitions : March 2019 Joyable (1)

Total Funding Rounds  $46.6 M (5 Rounds)

• January 2019 Corporate Round (Optum Ventures)
  
• June 2018 Venture Round $ 8.5 M
• August 2017 Series D $ 36.6 M (Sandbox Industries, Horizon Healthcare Services, HLM Venture Partners, Bain Capital Ventures, Aetna, .406 Ventures)
• March 2014 Venture Round
• May 2013 Venture Round $1.5 M

Facts Sheet and Details (Crunchbase)

• Founders: Michael Laskoff
• Date Founded: 2008
• Funding Status: Corporate Round
• Status: Privately Held
• Email: [email protected]
• Phone: (844) 422-5386
• Address: 320 W 37th St, New York, NY 10018
• Website: www.ableto.com/
• Twitter: https://twitter.com/ableto_health
• Facebook: https://www.facebook.com/pg/AbleToInc/about/
• Linkedin: https://www.linkedin.com/company/ableto/life/

News Stories on AbleTo

• AbleTo Becomes the First Behavioral Health Solutions Provider to Earn URAC Telehealth Accreditation
• AbleTo Acquires Joyable to Further Increase Access to High-Quality Behavioral Health Care
• AbleTo acquires fellow virtual behavioral health company Joyable