Peregrine Health, a provider of behavioral health solutions for underserved communities, has secured $5 million in funding to expand its services. This investment will allow Peregrine to enhance its technology and programs, enabling clinics to improve access to care and achieve better patient outcomes.
NASHVILLE, Tenn., Jan. 15, 2025 /PRNewswire-PRWeb/ -- Peregrine Health, a comprehensive national behavioral health solution, has secured $5 million to accelerate its mission to improve access to behavioral health care in underserved communities. The capital will fuel the company's continued growth as a partner for Federally Qualified Health Centers (FQHCs) and Rural Health Clinics (RHCs). Peregrine Health ("Peregrine") helps these organizations build sustainable, tech-enabled behavioral health programs that deliver exceptional outcomes for patients and providers.
The funding round was led by BIP Ventures, Martin Ventures, and Chapman Capital. It marks a significant milestone for Peregrine, whose unique approach integrates expert clinicians, operational support, and advanced technology into healthcare partner organizations. Unlike traditional behavioral health solutions, Peregrine offers a fully managed service line, empowering clinics to overcome persistent challenges such as provider shortages, operational inefficiencies, and scalability limitations.
"We're proud to continue supporting Peregrine's mission to transform lives through behavioral healthcare," said Mark Buffington, Managing Partner of BIP Ventures. "Their innovative solution makes a real difference because it addresses critical care gaps and empowers clinics to create lasting change for patients in rural communities."
Peregrine Health will use the funding to invest in innovative technology and program development, enabling deeper integration with clinic operations. New offerings include enhanced clinical outcome tracking, data-driven insights, and new clinical programming such as Virtual Intensive Outpatient Programs (IOP) and Collaborative Care Models (CoCM). The company's ability to scale within existing partnerships and enter new markets positions it to become the leading managed service organization for behavioral health in the FQHC and RHC sectors.
Founder and CEO Ryan Chapman has emphasized the transformative potential of Peregrine Health's work, stating, "This funding validates the importance of what we're building at Peregrine Health. Behavioral health care is at a critical crossroads, and our comprehensive solution gives clinics the tools they need to not just meet demand but to exceed it. We're helping clinics move beyond filling staffing gaps to creating programs that deliver better outcomes for patients and providers alike."
Peregrine Health's strategic approach ensures that its partners remain compliant with emerging healthcare regulations and achieve operational excellence and financial sustainability. As the company looks ahead to 2025, it will use these efforts to deepen its impact by growing its customer base and driving higher utilization across its platforms.
About Peregrine Health
Founded on the belief that behavioral health care should be accessible to all, Peregrine Health provides a comprehensive behavioral health solution that goes beyond filling provider gaps. The company's comprehensive solution enables clinics to build programs that are patient-centered, operationally sound, and positioned for growth. Their innovative technology, dedicated operational support, and expert guidance ensure seamless care coordination and accessible, quality behavioral health care for all patients who need it. For more information about Peregrine Health and its mission to transform behavioral health care, visit www.peregrinehealth.com.
Media Contact
Hope Helmintoller, Peregrine Health, 1 615-693-9095, [email protected]
SOURCE Peregrine Health
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