As we’ve previously noted, we’re in the midst of a mental health crisis. Those who need access to mental health services, specifically in our most vulnerable populations, are often unable to get those services in a timely manner, if at all.
Brave Health will bring mental health services to more Medicaid patients after raising $40 million in a funding round led by venture capital firm Town Hall Ventures. The Miami company, a telehealth provider focused on serving Medicaid populations, will use the new capital to build the technology and data infrastructure needed to power its service. Brave Health is the first venture to receive an investment from Town Hall Venture’s new $350 million fund dedicated to supporting health care access in underserved communities.
And since 1 in 4 Americans are covered by Medicaid, yet only 35% of psychiatrists accept Medicaid, the problem will only continue to grow. Brave Health is playing a critical role in driving engagement among Medicaid beneficiaries. Who else will join in to help tackle the gap in Medicaid mental health care?