Count the Chicago-based iPrevail as the newest tenant with The Bunker, an incubator for veteran-owned, tech-enabled businesses. iPrevail has been accepted into The Bunker’s cohort (“C1”), which launches November 1. iPrevail‘s interactive platform helps address behavioral health issues within the veteran and military populations.
With its online cognitive behavioral health therapy, iPrevail provides uniquely targeted evidence-based “early interventions” to traditionally reluctant populations. The iPrevail program gives patients highly-interactive lessons in a gaming- and incentives-based environment, with peer support.
“We are extremely excited to be a part of The Bunker’s initial cohort of companies and think a veteran-focused incubator is unique and a much needed resource,” said Richard Gengler, CEO of iPrevail. “iPrevail strives to deliver innovative, technology-driven mental health products, and a partnership with The Bunker helps us to do that. Our hope is that the exposure, along with all of the great veteran organizations and resources in The Bunker, will allow us to reach and affect more veterans, active duty military members, and expand to the private sector.”
As a US Navy veteran, Gengler saw firsthand the need for mental health resources in the military. iPrevail was founded in partnership with the National Science Foundation and leading mental health clinicians to help address behavioral health needs of veterans and military service members. Recently the program underwent a clinical trial at Rush Medical Center in Chicago. The trial confirmed that the iPrevail program was as effective as conventional, in-person therapy.
iPrevail has the potential to dramatically reduce the costs of mental health care. iPrevail costs approximately 1/30th face-to-face therapy, making it an attractive adjunct to traditional care and generating large costs savings to governments, payers, employers and all of those responsible for the health of large populations.
“Rich has built a really interesting, game-changing scalable platform to address behavioral health needs of corporate employees,” said Todd Connor, CEO of The Bunker. “iPrevail is poised to disrupt the behavioral health care space with a highly effective, cost-efficient solution. We welcome Rich and the Prevail team to The Bunker and look forward to helping accelerate their success.”
iPrevail is the second announced tenant for The Bunker, after RideScout agreed to work with The Bunker this summer. Look out for more announcements on The Bunker’s first cohort of tenants in the coming days and weeks.
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