Chattanooga health care startup WeCounsel is stepping into the national telehealth market by developing a product for telepsychiatry service provider InSight — a move at the enterprise level that WeCounsel founders hope will complement the company's fledgling consumer business.
WeCounsel, an online telehealth platform that offers browser-based, HIPAA-compliant video conferencing sessions for counselors, signed a two-year contract with InSight to create a similar but customized platform exclusively for InSight.
The new product, called Inpathy, will be InSight's first browser-based online care, said Olivia Boyce, marketing and communications manager at InSight.
"All of our telepsychiatry so far is facility-based and uses traditional video conferencing equipment, which can be expensive," she said. "This is a whole other avenue that is a lot more cost-effective for clients."
She said the New Jersey company was impressed with WeCounsel's platform because it was HIPAA-compliant and highly customizable.
"I think they're a bright young group of guys and we have a very similar mission to increase access to care," she said.
WeCounsel plans to continue to promote its own online platform directly to consumers while managing the contract with InSight, chief marketing officer Riley Draper said. He expects the company's business to be split about 50-50 between enterprise-level and individual clients.
"We're still focused on our private practice and building our own provider panel of specialists, but we've also seen that working business-to-business with other enterprises has been really successful," Draper said. "With InSight, they've been in the industry for well over a decade. It's a lot easier working with someone like that who understands the technology and the model, versus trying to go to a private practice and convince and individual to change the way they offer their services."
About 75 individual mental health providers are currently using WeCounsel's private online platform, Draper said. He added he's not worried about InSight's new platform cannibalizing WeCounsel's customers.
"Their provider panel contracts with a lot of bigger clinics and hospitals, and our private practice is focused on small private practices, where they're treating individuals on a day-to-day basis and they'd like to provide alternative services to treat those clients from home," he said.
Contact staff writer Shelly Bradbury at firstname.lastname@example.org or 423-757-6525.
Shelly Bradbury joined the Times Free Press as a business reporter in January 2013, after starting with the paper as a general assignment intern in July 2012. She is from Houghton, New York, and graduated from Huntington University in Huntington, Indiana, with a bachelor’s degree in journalism and minor in management. Before moving to Tennessee, Shelly previously interned with The Goshen News, The Sandusky Register and The Mint Hill Times. Outside the newsroom, Shelly enjoys ...
related articles »
A local health care company has committed $600,000 to a Chattanooga startup and Gig Tank graduate to fully fund the ...
Tony Lettich walked into Gig Tank’s Demo Day ready to invest as much as $250,000.
Young entrepreneur explains why Chattanooga is a magnet for talent.
The GigTank is growing up.