Brave Health, Telehealth Platform

Brave Health is a Miami-based telehealth company founded in 2019 with a mission that distinguishes it from nearly every other company in the mental health technology space: it is purpose-built for Medicaid-insured patients, a population that has historically faced the most severe access barriers to mental health care. While most telehealth startups have targeted commercially insured, tech-savvy, urban adults, Brave Health specifically designed its clinical model, technology, and operational infrastructure around the needs of Medicaid enrollees — including accommodations for patients with limited smartphone access and lower digital literacy. The company provides therapy, psychiatric medication management, and substance use disorder treatment entirely via telehealth across 18 states. Through more than 200 health plan contracts, Brave Health covers over 65 million lives. Its payer relationships include Medicaid managed care organizations (MCOs), Medicare Advantage plans, and commercial carriers, allowing the platform to serve a broad spectrum of insurance types while maintaining its core focus on public insurance programs. Brave Health raised $40 million in Series C funding specifically to scale its Medicaid-focused mental health services, and has since announced its first value-based care contract — a structure that ties the platform's revenue to patient outcomes rather than visit volume. This payment model alignment is meaningful in the Medicaid context, where episode volume has historically driven incentives at the expense of sustained recovery. Clinically, Brave Health treats the full range of mental health and substance use conditions: depression, anxiety, PTSD, bipolar disorder, alcohol use disorder, opioid use disorder, and co-occurring diagnoses. A care coordinator is assigned to each new patient and helps guide them through assessment, matching, and scheduling, addressing the navigation barrier that often prevents Medicaid members from accessing care even when coverage is theoretically available. For Medicaid enrollees in covered states who have struggled to find a therapist or psychiatrist that accepts their plan, Brave Health represents one of the most accessible telehealth options in the market — providing care that is both clinically substantive and, for most members, completely free at the point of service. While most telehealth startups have targeted commercially insured, tech-savvy, urban adults, Brave Health specifically designed its clinical model, technology, and operational infrastructure around the needs of Medicaid enrollees — including accommodations for patients with limited smartphone access and lower digital literacy. The company provides therapy, psychiatric medication management, and substance use disorder treatment entirely via telehealth across 18 states. Through more than 200 health plan contracts, Brave Health covers over 65 million lives. Its payer relationships include Medicaid managed care organizations (MCOs), Medicare Advantage plans, and commercial carriers, allowing the platform to serve a broad spectrum of insurance types while maintaining its core focus on public insurance programs. Brave Health raised $40 million in Series C funding specifically to scale its Medicaid-focused mental health services, and has since announced its first value-based care contract — a structure that ties the platform's revenue to patient outcomes rather than visit volume. This payment model alignment is meaningful in the Medicaid context, where episode volume has historically driven incentives at the expense of sustained recovery. Clinically, Brave Health treats the full range of mental health and substance use conditions: depression, anxiety, PTSD, bipolar disorder, alcohol use disorder, opioid use disorder, and co-occurring diagnoses. A care coordinator is assigned to each new patient and helps guide them through assessment, matching, and scheduling, addressing the navigation barrier that often prevents Medicaid members from accessing care even when coverage is theoretically available. For Medicaid enrollees in covered states who have struggled to find a therapist or psychiatrist that accepts their plan, Brave Health represents one of the most accessible telehealth options in the market — providing care that is both clinically substantive and, for most members, completely free at the point of service.