Psychiatric collaborative care management company EvolvedMD raised $5.4 million in series A funding, Utah Business reported May 11.
The funding round was led by Waterline Ventures and Conductive Ventures, the report said.
EvolvedMD is focused on integrating behavioral health technology and professionals into the primary care environment, the report said. The company's clinicians, case managers, psychiatric professionals and administrators are embedded within the primary care setting as a way to increase access and reduce burnout.
"By leaning on the diverse expertise of our team, EvolvedMD identified early on that we can provide life-altering collaborative care," co-founder and managing partner Erik Osland said in a news release. "Our comprehensive model involving everything from intake and diagnosis to ongoing patient care and administrative support is cost-effective and unobtrusive to existing care pathways. We improve patient outcomes and quite literally change people's lives."