In a major development within the telehealth industry, InSight Telepsychiatry and Regroup Telehealth have announced their merger, creating what is now described as the “largest and most comprehensive telepsychiatry service provider” in the country. The move brings together two powerhouses in the field of behavioral health care, with the shared goal of addressing the growing shortage of mental health professionals and meeting the increasing demand for accessible, effective mental health services.
The merger combines InSight Telepsychiatry’s 20 years of experience and Regroup Telehealth’s innovative, integrated telepsychiatry solutions, expanding their reach and services to a broader network of patients, providers, and organizations. Although the financial terms of the deal have not been disclosed, the new company promises to offer a comprehensive set of services that aim to tackle one of the most pressing challenges in mental health care today: the nationwide shortage of behavioral health providers.
The Two Companies: A Powerful Combination
InSight Telepsychiatry, based in Mount Laurel, New Jersey, has established itself as a leader in telepsychiatry, providing remote psychiatric services to individuals and organizations across the country. The company offers a range of telehealth services, including on-demand psychiatric care, scheduled consultations, and direct-to-consumer options. With over 20 years of experience, InSight has built a strong reputation for delivering high-quality care, making it a trusted partner for both healthcare organizations and individuals seeking mental health support.
On the other hand, Regroup Telehealth, based in Chicago, has been at the forefront of integrating telepsychiatry into broader healthcare systems. The company partners with over 175 locations nationwide, including hospitals, clinics, and private practices, to provide psychiatric services remotely. Regroup is known for its comprehensive approach to behavioral health, offering telepsychiatry services that are deeply integrated into the care continuum. The company is backed by venture capital firms Hyde Park Angels and Frist Cressey Ventures and has gained recognition for its innovative solutions that address gaps in the mental health care system.
Expanding Access to Behavioral Health Services
The merger of InSight Telepsychiatry and Regroup Telehealth is set to dramatically expand access to behavioral health services, a critical need given the current mental health crisis in the United States. According to the National Institute of Mental Health (NIMH), nearly one in five adults in the U.S. experience mental illness each year. However, a shortage of behavioral health professionals and the high costs of traditional in-person care make it difficult for many people to receive the care they need.
This shortage is particularly pronounced in rural and underserved areas, where patients often struggle to access mental health services due to long wait times, limited availability of providers, and geographic barriers. The merger between InSight and Regroup allows the new company to leverage the strengths of both organizations to bridge these gaps and make mental health care more accessible to those who need it most.
By combining InSight’s direct-to-consumer solutions with Regroup’s telepsychiatry partnerships with healthcare organizations, the new company will be able to offer flexible, scalable solutions that can serve a diverse range of patients and providers. This includes offering on-demand services for patients seeking immediate care, scheduled consultations for patients with ongoing needs, and integrated telepsychiatry solutions for healthcare providers looking to supplement their existing behavioral health services.
Leadership and Strategic Goals
As part of the merger, Geoffrey Boyce, CEO of InSight Telepsychiatry, will serve as the CEO of the new organization. Boyce brings over 20 years of leadership experience in the telehealth industry and has been instrumental in positioning InSight as a leader in telepsychiatry. In his role as CEO of the newly formed company, Boyce will continue to drive the organization’s mission to expand access to high-quality mental health services across the country.
David Cohn, founder and CEO of Regroup Telehealth, will serve as Chief Growth Officer and will hold a seat on the company’s board of directors. Cohn’s expertise in integrated telepsychiatry solutions will be a valuable asset as the company seeks to expand its services and reach. Cohn expressed excitement about the merger, noting that the combined resources of both companies will allow for a more comprehensive approach to telepsychiatry, offering a wider range of services to meet the needs of both patients and providers.
“Regroup is excited to complement our proven approach to integrated telepsychiatry with InSight’s breadth of services, including on-demand services for partners and direct-to-consumer solutions for patients seeking care at home or other care settings of their choice,” Cohn said in a press release announcing the merger.
Addressing the Behavioral Health Provider Shortage
One of the primary reasons behind the merger is the ongoing shortage of behavioral health professionals in the U.S. According to the Health Resources and Services Administration (HRSA), there is a critical shortage of mental health professionals, especially in rural and underserved communities. In fact, an estimated 158 million people live in federally designated Mental Health Professional Shortage Areas (HPSAs).
The merger of InSight Telepsychiatry and Regroup Telehealth positions the combined company to help fill this gap by providing telepsychiatry services that are flexible and scalable, allowing healthcare organizations to quickly integrate psychiatric care into their existing care models. By partnering with hospitals, clinics, and other healthcare providers, the new organization will be able to expand the reach of behavioral health services and offer more immediate and comprehensive care options to patients across the country.
Additionally, the integration of telepsychiatry into healthcare systems helps to reduce wait times for psychiatric care and makes it easier for patients to access care from the comfort of their own homes. This is particularly beneficial for individuals with transportation barriers or those living in areas with few local mental health providers.
The Future of Telepsychiatry and Behavioral Health
The merger between InSight Telepsychiatry and Regroup Telehealth represents a significant step forward in the evolution of telehealth and telepsychiatry. The growing demand for mental health services, combined with the ongoing shortage of behavioral health providers, creates a unique opportunity for telepsychiatry to play a larger role in addressing the nation’s mental health crisis.
The newly formed company aims to continue expanding its offerings, with plans to further integrate telepsychiatry services into healthcare systems, improve access to care in underserved areas, and reduce the stigma often associated with mental health treatment. By providing more accessible, efficient, and flexible treatment options, the company hopes to make a lasting impact on the mental health care landscape.
Conclusion
The merger of InSight Telepsychiatry and Regroup Telehealth marks the creation of the largest and most comprehensive telepsychiatry service provider in the United States. This union combines the strengths and experience of two leading telehealth companies and sets the stage for expanded access to mental health services across the country. With a shared commitment to addressing the behavioral health provider shortage, improving access to care, and reducing stigma, the newly formed company is poised to make a significant impact on the future of mental health care. As the demand for behavioral health services continues to rise, this merger represents a crucial step toward ensuring that more individuals can receive the care and support they need to improve their mental well-being.
