And they’re taking on the accountability to improve patient outcomes and ultimately reduce the total cost of care,” said Andy Slavitt, general partner, Town Hall Ventures.
“The team at Brave Health has demonstrated a commitment to doing the hard work of engaging the most vulnerable populations at their most vulnerable moments and getting them into ongoing care. Brave Health also recently signed a value-based contract with Sunshine Health, bringing the total number of potential Medicaid members under Brave Health’s care in a value-based arrangement to more than one million. Earlier this year, the company announced its first value-based contract with Molina Healthcare of Texas. The organization now serves over 65M covered lives across more than 200 health plan contracts through their unique approach to patient engagement, treatment, and integration with plans and other providers. Since launching with health plans in Florida in 2019, Brave Health has rapidly grown. The company has raised a total of $60M to date, and this most recent funding will support their continued expansion into value-based care arrangements and into new and existing markets. Brave Health is the first investment from Town Hall Venture’s newly-announced $350M fund. It is an honor to have this opportunity, and a privilege to work alongside a group of people whose faith in what is possible inspires us to keep believing, and to keep building.Brave Health, the largest virtual mental health provider and engagement platform focused on serving Medicaid populations, today announced a $40M Series C funding round led by Town Hall Ventures, with existing investors Union Square Ventures, City Light Capital and others joining as well. Last, but certainly not least, thank you to our patients, who demonstrate true bravery when they open themselves to the possibility of changing their lives. Thank you to our health plan partners and countless advisors, investors, and champions whose expertise on navigating a complex landscape was invaluable in helping us get here today.Īnd thank you, most of all, to our 300+ team members at Brave Health who, from the Northwest corner of Washington state to the Florida Keys, bring their deep, inspiring commitment to serving our patients to work every single day. Thank you to the fantastic teams at Town Hall Ventures, Union Square Ventures, City Light Capital.
#ANNA LINDOW BRAVE HEALTH SERIES#
Today’s announcement of our Series C funding round led by Town Hall Ventures is just one of many steps on the journey to the fullest expression of Brave Health’s impact. Our mission at Brave is to bring 100% access parity to millions who are currently underserved. The need is greater than it’s ever been, especially for the nearly 1 in 4 Americans who get their healthcare through Medicaid, yet the supply of mental health providers who accept Medicaid is shrinking.
She knew people needed what we were planning to build.įive years later, we’re reminded every single day how important it is that we didn’t give up on what we’re building: the largest national, virtual, community mental health provider and engagement platform focused on serving Medicaid beneficiaries. Her husband was struggling with a mental health condition. Sensing my deflation, our real estate agent pulled me aside and encouraged me not to give up. The stigma around mental health care was real, and we were living it. They didn’t want a behavioral health company in their buildings.
Almost exactly five years ago, we were looking for our first office space for the budding idea that later became Brave Health, and we kept getting rejected by landlords.
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