Brave Health

Brave Health is a virtual behavioral healthcare provider for Medicaid members. Its offering comprises video consultations and medication-assisted treatments for a wide range of conditions across the spectrum of mental health and substance use disorders. Members can connect with a network of specialists, including licensed physicians, nurse practitioners, therapists, and counselors through the platform. As of October 2021, the company had a team of 120 healthcare experts.

The company takes a three-step approach to treatment: 1) conducting an assessment of each member to establish their goals and options, 2) creating a personalized treatment plan together with a therapist and medical team, and 3) continuing engagement with the member. 

Although these services are covered by most major insurance providers in the US, the company also provides a self-pay option for those without insurance, which is priced according to the service provided. For example, a 60-minute group therapy session is priced at USD 82.50 out-of-pocket while a counseling visit for 50 minutes costs USD 157.50. The treatment period would depend on each individual and typically lasts between 6 to 18 months.

Key customers and partnerships

As of October 2022, Brave Health served over 65 million covered lives across more than 200 health plan contracts in 18 states. In 2022, the company partnered with Molina Healthcare of Texas and Centene's Sunshine Health in value-based care arrangements, covering over 1 million potential Medicaid members.

Brave Health has also formed strategic partnerships to expand its reach. In April 2022, the company teamed up with The Doula Network to provide virtual mental health support to expectant mothers on Medicaid. In August 2022, Brave Health announced a partnership with MedArrive, a home-based healthcare technology company, to integrate virtual mental health services into home care visits. In December 2022, Brave Health launched a partnership with Superior HealthPlan, a Centene subsidiary serving 1.7 million people in Texas, to help close care gaps among Medicaid members, particularly those with high emergency room utilization.