Author Health, a Boston, MA-based provider of a platform for care and treatment of patients with serious mental illness and substance use disorders, raised $115M in funding.
The round was led by General Atlantic, with participation from Flare Capital Partners.
The company intends to use the funds to expand into new markets and secure additional partnerships with other insurance and healthcare companies.
Led by CEO Dr. Katherine Hobbs, Author Health provides a platform to offer comprehensive care and treatment for Medicare Advantage recipients with serious mental illness and substance use disorders. The company offers a team-based approach to psychiatric care, bringing together specialized physicians, nurses, therapists, and community health workers to deliver a mix of virtual and in-person care for individuals who are often disconnected from the traditional healthcare system.
While its initial launch in South Florida was created in collaboration with Humana, the company is multi-payer and is expected to expand its services to include Medicare Advantage and Special Needs Plan recipients in other locations by early 2024.
FinSMEs
29/06/2023