Virtual Care Platform, Brave Health, Secures Funding to Help Expand Further Into Texas

As 4 million Texans are currently enrolled in Medicaid, virtual care providers like Brave Health will become much more common.


According to an article from Fierce Healthcare, virtual health provider Brave Health has secured $10 million in its series B funding led by City Light Capitol, Union Square Ventures, and Able Partners.


This startup launched two years ago in Florida and has made its way to Texas since. The latest funding allows Brave to expand on the 65 million lives it serves across 113 health plans.


Currently, Brave operates in Texas, Florida, North Carolina, Kentucky, Georgia, Illinois, New York, Ohio, Michigan, and Alabama.


Virtual Health Systems


Brave is unique in that it focuses on serving Medicaid populations by specializing in behavioral health and offering services such as therapy, counseling, medication management, and psychiatry through telehealth.


"Today, access to basic behavioral health services for the nation’s most vulnerable populations is a public health crisis," Anna Lindow, CEO, and Co-Founder of Brave Health told Fierce Healthcare. "The percentage of psychiatrists accepting Medicaid has been cut in half in the past decade. With nearly 1 in 4 Americans now using Medicaid, this gap leaves many without access to the critical care they need."


Telehealth visits peaked in April 2020 but have stabilized at a 38X higher level than before the pandemic. A stat that bodes well for Brave is that psychiatry and substance use treatment are two specialties where telehealth visits are still rising.


Credit: McKinsey & Company

Thankfully, Virtual Patient Care Is Here to Stay


Brave is one of the first organizations to focus on providing virtual care to underserved populations. In 2021, over 4 million Texans are covered by Medicaid, including more than 3 million children.


Now, the general notion is that those with Medicaid do not have the adequate resources or funding to participate in virtual care visits for physical or mental health needs. A 2018 study from Deloitte Insights shows just the opposite.


"Findings from the Deloitte 2018 Survey of US Health Care Consumers show that most adult Medicaid beneficiaries own mobile technologies, use them for a variety of health purposes, and are interested in trying new digital health applications in the future. One in five people in the United States are enrolled in Medicaid and a number of mobile apps on the market are designed to meet some of their diverse needs."


Brave will undoubtedly continue to expand on this latest funding as the company reported that hospitals have already made over 11,000 referrals to Brave in the first 10 months of 2021. As 75 million Americans are currently enrolled in Medicaid, hospitals and providers will look to Brave for telehealth needs.

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