Danish Qureshi, 37, is scaling in-network, cost-effective accessibility to mental-health treatment throughout the US.
Lifestance Health
Soon after his earlier firm, Accelecare Wound Facilities, bought to Healogics in 2015, Danish Qureshi and his organization partners Mike Lester and Gwendolyn Booth experienced time — and a blank examine from past backers — to mull their subsequent venture.
They needed to fix a health care problem plaguing thousands and thousands of persons. What even bigger challenge, they believed, than the dearth of in-community, economical accessibility to psychological-health and fitness treatment?
Most clinicians took only dollars for their expert services or had been out-of-network providers, so cure was high-priced, Qureshi explained.
“That just didn’t feel proper,” he said. “If I have a physical health care concern, I can go to my major-care medical professional, it really is lined by my co-pays, they will direct me to specialists, it truly is lined in-network. Why need to mental-health and fitness care be any various than actual physical-well being treatment?”
Qureshi cofounded LifeStance Wellness with Lester and Booth in 2017 to renovate how psychological-health care is paid out for and sent so that additional people can get it.
The business, which went community in June at a $7.5 billion valuation, employs just about 4,000 psychiatrists, psychologists, therapists, and other clinicians to supply in-human being and virtual psychological-wellness care in 31 states. What sets it aside is that 90% of its income arrives from in-community contracts with commercial insurers.
As the chief growth officer, Qureshi led the charge to scale LifeStance. He oversees constructing clinics final year the business opened a clinic every four days. LifeStance has also developed by buying a lot more than 50 clinical tactics.
Qureshi also oversees the company’s dozens of recruiters who persuade clinicians to sign up for LifeStance.
“Acquisitions are great, but you have to establish an natural engine on best of that which permits more obtain, since most acquisitions were being already totally delivering products and services in that community with out a great deal of empty ability,” he reported.
— Shelby Livingston