Unknown Analyst

I cover health care services at Bank of America. Thrilled to be introducing Dave Bourdon to you at LifeStance. It's only a 15-minute presentation. So without further ado, I'll turn it over to you.

David Bourdon
CEO & Director

Thanks, Andrew. Appreciate it. I appreciate the opportunity to share a little bit about LifeStance with you. And we're the category leader in outpatient mental health care, and there's a tremendous opportunity in front of us.

Before we get into that, a little housekeeping is our forward-looking statements, all right? And I mentioned that we have a tremendous opportunity in front of us. And I think about it in 2 ways. The first is some of the macro themes that are benefiting LifeStance in the mental health outpatient industry and then things that are unique to LifeStance.

So let's start with the industry. So outpatient mental health, it's an attractive industry. And where we play in that is think of us as like the primary care of mental health. So we don't do things like residential or inpatient as well as we don't do specialty, special services, for example, like the autism therapy or the ABA, which you're hearing a lot in the news, there's pressure from the payers, pressure from the states.

We do not play in that space. Again, we really think of ourselves as the primary care of mental health. As a matter of fact, if you go to one of our centers, it's like visiting your PCP office. That's what it looks like for us, all right? It's about a $50 billion TAM for outpatient mental health, and it's growing.