LOS ANGELES, California, August 19, 2026 — Precise Behavioral, based in Westlake Village, raised $14.2 million in venture funding. The round, announced July 29th, was led by the Chicago-based A1 Health Ventures. The company offers both in-person and virtual care services for the behavioral health needs of hospitals.
Who Backed the Round
The funding round included participation from Chicago and Mason, Ohio-based Ziegler Link-Age Fund, investing alongside A1 Health Ventures. Austin, Texas-based Converge Capital Partners participated alongside Granite Financial Holdings, an affiliate of Blue Cross of Idaho. It is that potpourri of venture funds with established health-system operations as opposed to generalists.
These investors, according to founder Nitin Nanda, are already a part of the health system ecosystem. Nanda said that for him it mattered less about writing the largest check possible than about finding a strategic fit. Few healthcare startups can boast that kind of profit heading into a round, and Precise Behavioral was already there — not many at its age would have done similarly.
A Physician-Led Platform
Nanda, who founded Precise Behavioral in 2022 after working as a geriatric psychiatrist, previously sold Aligned Telehealth in Woodland Hills to Boston-based American Well Corp. in 2019. That deal showed him how to build healthcare tech that hospitals will actually use.
The Behavioral Operating System is an integrated system that connects clinical delivery, workflows and billing to transform the way care is delivered. It provides on-demand clinical consults, virtual psychiatry and emergency-room follow-up as well as collaborative primary-care support. Since launch, the company has completed over 100,000 patient encounters and turned profitable within 3 years since starting.
Solving ‘Vendor Problem’
In some cases, hospitals struggle just to provide basic behavioral health care with an unstable patchwork of vendors. A1 managing partner Karim Botros said, “Nobody has tackled the behavioral health component of a health system and hospital holistically.” At the same time, Precise Behavioral seizes this fragmented approach and positions itself as that one platform that can replace it.
The company already partners with hospitals, health systems, skilled nursing facilities and correctional facilities across the United States. At the back end, it manages revenue cycle work to make sense of reimbursement and compliance rules for clients. It is this combination of clinical and financial functionality that differentiates it from more single-purpose telehealth competitors.
The round comes about three years after Nanda built and founded the company in an increasingly competitive telehealth field. The investors said the unique combination of profitability and physician leadership made Precise Behavioral like few others, especially newer entrants. Not many behavioral health startups get positive cash flow this early in their development.
Where the Money Goes
With the new capital, Nanda said the company plans to expand its AI-backed patient engagement and referral tools. “We had a lot of vendors, fragmented workflows, and I think [what the company is aiming at] is that service line owners are stressed out trying to manage all these things,” Nanda said, describing an operational gap. The company also intends to solidify partnerships with the academic medical centers already piloting its software.
The revenue-cycle branch of Precise Behavioral manages billing and compliance tasks that smaller hospitals typically cannot staff in-house. Much of the company’s latest customer growth has been powered by that combination of clinical care and back-office support. Nanda said that a collaborative program with AMCs was already in the works before new funding.
Industry surveys show behavioral health ranks as one of the most under-staffed specialties inside American hospitals. Precise Behavioral’s rise points to underlying investor beliefs that there is room in the US for a vendor to eliminate that particular fragmented area of the market. With the staffing shortfall, hospitals are increasingly looking to fill behavioral health coverage beyond their walls.
While distinct from standard hospital workflows, these partnerships in correctional facilities are a new addition to the company’s growing list of service pathways. Nanda has commented that incarcerated populations are a chronically neglected segment of the population despite having huge behavioral health needs.
