Valant
“Can a behavioral-health-native EHR own the operating and revenue-cycle stack for outpatient/IOP/PHP mental health practices?”
Founded2005
HQSeattle, Washington, United States
FoundersDavid Lischner
Total raised$26.3M
Latest roundDebt Refinancing
IndustryVertical SaaS / Healthcare
The story
Valant was founded in 2005 as a behavioral-health-specific EHR, born from a practicing psychiatrist's frustration with generic EHRs. Over 20 years it has layered practice management, billing, telehealth, patient portal (MYIO), and integrated credit card processing on top of the clinical core. The embedded finance angle is narrow and payment-centric: Valant is a Registered Partner/ISO of Elavon for card acceptance, with no evidence of banking, lending, or payroll extensions.
Last 12 months
Product timeline
2005
Valant founded by psychiatrist David Lischner to build a behavioral-health-specific EHR.· pivot
2014
Raised $11M private equity to expand EHR/e-billing into public behavioral health market.· banking
2025
Earned HITRUST i1 Certification for data security.· pivot
The stack
1 layer disclosed in Valant’s embedded-finance stack
Payments / PSP
Accounting gap: significant