Accompany Health has raised $56 million in Series A funding to build out its integrated behavioral health, primary and social care platform for low-income patients.
The Bethesda, Maryland-based startup pitches a holistic approach to care with in-home primary care services, wrap-around social support and care coordination.
Its behavioral health offerings include short-term therapy, complex psychopharmacotherapy management, home-based long-acting injectable medications, as well as care navigation.
For example, the service helps members set up care for substance use disorders, get into intensive outpatient and residential programs and find a long-term therapist. Additionally, the program helps connect members to others with similar needs and experiences.
“We know that low-income patients with complex needs have the most serious gaps in care and drive a huge percentage of health care costs, but innovators haven’t focused enough on them,” Dr. Bob Kocher, a founder and board member of Accompany Health as well as a partner at Venrock, said in a statement. “Accompany Health has assembled a world-class team with a deep dedication to serving those most in need — and with the experience with technology and care delivery to get it done.”
Venture firms Venrock, ARCH Venture Partners, IVP, Granite Capital Management and Evidenced participated in the latest funding round.
As part of the funding announcement, the company revealed that it began serving 8,000 patients in Detroit through a partnership with a “major national health plan.”
There has been a push towards integrating primary and behavioral health care more. Recently, the Centers for Medicare & Medicaid Services (CMS) announced a new initiative called the Innovation in Behavioral Health (IBH) Model, which will connect adults with mental health conditions or substance use disorders (SUDs) to physical, behavioral and social supports by prioritizing close collaboration with primary care and physical health providers.
Several other operators offer behavioral health services and screenings, including CVS Health’s (NYSE: CVS) primary care provider Oak Street Health and Amazon’s (Nasdaq: AMZN) hybrid care provider, One Medical.
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