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August 25, 2026

One picture: who owns whom in therapy reimbursement

The map from this morning's briefing, as one image. Solid lines are ownership, dashed lines are equity stakes, dotted lines are venture-portfolio listings, and the red line is the one documented case of a payer directing a platform's session reviews.

Who owns whom: insurers and therapy platforms

Forward freely. The sourced version, with two more diagrams (the four-positions map and the Kaiser-Rula review loop): https://therapistrates.org/news/clinical-conflict-of-interest/

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← Newer Rate report, September 2026: what the shorter code costs you Older → New briefing: the company paying for the session increasingly directs it
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