Meanwhile, insurers are eager to address the rising medical costs associated with behavioral and mental health conditions - much of which falls on Medicaid plans. "I don't think that number is going to start going the other direction in the near term, so the question becomes 'what can we do to get different results?'" CEO Anna Lindow says.1 in 4 Americans are covered by Medicaid and CHIP, while only 35% of psychiatrists accept Medicaid - a massive access problem only exacerbated by COVID.Why it matters: The prevalence of mental illness and substance use disorders is highest in non-elderly adults with Medicaid, yet few startups are tackling this problem for this low-income population most in need.
Brave Health, a virtual care startup dedicated to mental health care for Medicaid members, raised $40 million in Series C funding led by Town Hall Ventures, the parties tell Axios exclusively.
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