How Talkiatry scaled access to mental health care with banking that understands innovation and growth
Talkiatry is leading a transformation in mental health care, making psychiatry more accessible through an advanced telehealth model. By removing common barriers to care and confirming insurance coverage before patients begin treatment, Talkiatry ensures that people can access care without unexpected out-of-pocket costs. The company has expanded access to licensed psychiatrists in all 50 states, reshaping how and where mental health services are delivered. As the company grew, so did its capital needs.
“We have a personal relationship with Banc of California. I feel like they are an extension of the Talkiatry team.”
Rachael Kobida
Chief Financial Officer, Talkiatry
Challenge
Talkiatry faced the classic challenges of high-growth health care startups: scale, speed and complexity. It needed capital, not only to grow its provider base and patient services, but also to expand tech infrastructure, maintain compliance and manage operations across dozens of markets. Most financial institutions lacked the insight or agility to serve this level of complexity.
Solution
Banc of California stepped in with a strategic financing solution designed specifically for Talkiatry’s needs. The bank’s understanding of health care innovation and digital business models allowed them to act quickly and collaboratively. Talkiatry didn’t just gain funding. It gained a long-term financial ally that could evolve alongside them.
Results
With new capital and strategic guidance, Talkiatry expanded its reach and scaled services to meet surging demand. Banc of California’s banking partnership helped solidify Talkiatry’s place as a national leader in telepsychiatry, making mental health care more accessible than ever before.
When you’re building a business, you need a bank with the strength, expertise and commitment to tailor solutions to your unique needs.
At Banc of California, we deliver on all three: financial stability that instills confidence, industry expertise that provides a strategic edge and premier relationship banking with personalized solutions designed to grow and manage your business.
Banc of California — Where Relationships Matter.