Josh Cohen, managing partner and co-founder of City Light Capital, has joined Brave Health's board of directors as a strategic advisor. "One large, national managed behavioral health organization reported that patients who had at least one encounter with Brave Health had 90% fewer readmissions and 66% lower costs in approximately a one-year period," the news release said. Two in three patients chose to get behavioral care from Brave Health, the company claimed in a news release.
Brave Health received more than 11,000 referrals from case managers, primary care providers and hospitals during the first 10 months of the year. The company aims to lower healthcare costs by getting patients more involved in their care and working with Medicaid case managers, providers and Medicaid plans. "As demand for behavioral health care continues to grow, the gap between people who need services and those who are receiving services has continued to widen, especially for those with Medicaid," Brave Health CEO and co-founder Anna Lindow said in a news release. It serves more than 65 million covered lives in 10 states: Alabama, Florida, Georgia, Illinois, Kentucky, Michigan, New York, North Carolina, Ohio and Texas. The company has grown quickly since launching two years ago. The company has brought in nearly $21 million in total financing since its founding in 2017.īrave Health plans to use the money to expand its operations.
Brave Health, a virtual behavioral health provider aimed at people on Medicaid, raised $10 million in Series B funding, the company announced Tuesday.Ĭity Light Capital, Union Square Ventures and Able Partners led the funding round.
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