Brave Health

Brave Health

Virtual-first behavioral health provider for Medicaid

Overview

Brave Health provides virtual-first behavioral health services for Medicaid populations, using telehealth to deliver therapy, psychiatry and medication management, family counseling, group therapy, and specialized programs like DBT, PMAD, and EMDR. It partners with health plans and community providers and bills in-network with over 200 plans, while increasingly moving to value-based care tied to patient outcomes. Unlike many competitors, Brave Health directly employs its own therapists, psychiatrists, nurse practitioners, and peer support specialists to maintain consistent care quality and focuses on rapid access with same-day or within-a week appointments. Its goal is to improve access to high-quality behavioral health care for underserved populations and align reimbursement with outcomes through value-based arrangements.

About Brave Health

Simplify's Rating
Why Brave Health is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Enterprise Software

Healthcare

Company Size

201-500

Company Stage

Series C

Total Funding

$96.6M

Headquarters

Miami, Florida

Founded

2017

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Simplify's Take

What believers are saying

  • Brave Health raised $40 million in 2025, extending runway for expansion.
  • The company serves 65 million covered lives across 18 states, supporting plan leverage.
  • Value-based contracts create upside from better outcomes, lower medical spend, and wider renewals.

What critics are saying

  • Medicaid dependence exposes Brave Health to state rate cuts and eligibility redeterminations in 2026.
  • Renewal failures at Molina Texas and Sunshine Health would crush value-based revenue by 2027.
  • Clinician recruiting and retention strain access guarantees, wait times, and quality metrics immediately.

What makes Brave Health unique

  • Brave Health serves Medicaid members with virtual behavioral health across 200-plus health plans.
  • Sarah Tilton, promoted CEO on 2026-08-03, brings operator continuity from General Assembly.
  • Brave Health combines therapy, psychiatry, SUD care, and specialized programs within one platform.

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Funding

Total Funding

$96.6M

Below

Industry Average

Funded Over

4 Rounds

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.
Series C Funding Comparison
Below Average

Industry standards

$50M
$40M
Brave Health
$50M
Medium
$62M
SeatGeek
$100M
Oura

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Paid Vacation

Paid Holidays

Paid Sick Leave

Professional Development Budget

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

-1%
Defining Wellness
Mar 9th, 2026
Defining Wellness Centers Names Bill Morrison Chief Financial Officer

Defining Wellness Centers names Bill Morrison Chief Financial Officer. Its Facility Admissions question? If you find yourself among the millions of people who battle with addiction and want to stop, chances are you have questions as to where to start. Defining Wellness Centers, Inc. is here to help. Experienced healthcare executive joins leadership team to support continued growth backed by Fulcrum Equity Partners. Jackson, MS, March 9, 2026 - Defining Wellness Centers (www.definingwellness.com) today announced that veteran healthcare executive Bill Morrison has joined the organization as Chief Financial Officer. Morrison brings more than 25 years of experience helping scale healthcare and behavioral health companies and will oversee the company's financial strategy during a period of continued growth backed by Atlanta-based growth equity firm Fulcrum Equity Partners. Morrison joins Defining Wellness at a time of continued expansion for the organization as it strengthens its leadership team and operational infrastructure to support long-term growth and evaluate additional opportunities to expand access to high-quality behavioral healthcare. "Bill has spent his career helping healthcare organizations grow with discipline and clarity," said Drew Rothermel, CEO of Defining Wellness Centers. "We're entering an important phase of growth, and his experience building financial infrastructure and supporting strategic expansion will be incredibly valuable. Just as importantly, Bill understands the responsibility that comes with building healthcare organizations that serve patients and families. We're excited to welcome him to the team." Most recently, Morrison served as Chief Financial Officer at Brave Health, a venture-backed virtual behavioral health provider focused on serving Medicaid populations. During his tenure, he helped grow annual recurring revenue from approximately $17 million to $40 million, reduced cash burn by 50 percent, and led the company's successful $20 million Series C equity and debt financing. Earlier in his career, Morrison served as Senior Vice President of Strategy and Corporate Development at Accolade (NASDAQ: ACCD), where he led strategic initiatives and sourced and executed more than $1 billion in mergers and acquisitions. Morrison also continues to serve as a board advisor for Sero Mental Health and Constellation Behavioral Health, where he was previously Founder and CEO. "I'm excited to join Defining Wellness at such an important stage in the company's growth," Morrison said. "The organization has built a strong reputation for delivering high-quality behavioral healthcare while maintaining a deeply patient-centered approach. I look forward to working with Drew and the leadership team to help support the company's continued expansion and long-term impact." Morrison earned his MBA in Finance and Marketing from the Kellogg School of Management at Northwestern University and a Bachelor of Arts from Colgate University, graduating cum laude. He is based in Ketchum, Idaho. About Defining Wellness Centers. Defining Wellness Centers is a behavioral health provider dedicated to helping individuals and families overcome substance use and co-occurring mental health disorders. Through evidence-based treatment, experienced clinical leadership, and a patient-centered philosophy, Defining Wellness delivers comprehensive care designed to support lasting recovery. The organization continues to expand its services and reach while maintaining a strong commitment to clinical excellence and long-term outcomes. Defining Wellness Centers is backed by growth equity firm Fulcrum Equity Partners. Begin your recovery today. If you are ready to take the step towards a new life, call Defining Wellness today and learn more about how Defining Wellness Centers, Inc. can help you.

Ophelia
May 19th, 2025
Better Together: How Mental Health Support Can Make Recovery Stronger

Brave Health is proud to partner with Ophelia to support your full recovery journey.

PR Newswire
Mar 20th, 2023
Neuroflow Expands Clinical Referral Network, Partnering With Specialty Providers

PHILADELPHIA (PRWEB). March 20, 2023. NeuroFlow, the market leader in behavioral healthcare technology infrastructure, has added three new partners to its Clinical Referral Network in order to help more individuals get access to behavioral health. Joining the referral network will be: Bicycle Health (Boston, MA) – The leading telehealth provider of integrated medical and behavioral health care for opioid use disorder (OUD) in the United States offers confidential physician visits, lab testing, individual and group therapy, and prescriptions for Suboxone™

MobiHealthNews
Dec 16th, 2022
Headspace Health lays off 4% of staff and more digital health briefs | MobiHealthNews

Click Therapeutics received FDA Breakthrough Device Designation for a prescription digital therapeutic for episodic migraine, and Superior HealthPlan announced a home care partnership with MedArrive and Brave Health.

PR Newswire
Dec 15th, 2022
Superior Healthplan, Medarrive & Brave Health Partner On New Home Health Program

AUSTIN, Texas, Dec. 15, 2022 /PRNewswire/ -- Texas-based Superior HealthPlan today announced an innovative home health partnership with MedArrive , a company that offers mobile-integrated care management services. The collaboration will improve the health and quality of life for Superior members who have complex health needs by closing crucial care gaps, addressing non-medical drivers of health, and helping at-risk members navigate the healthcare system. Through the partnership, members will also have better access to virtual behavioral health services through Brave Health."We're proud to partner with MedArrive and Brave Health on this initiative, which will expand our abilities to provide quality healthcare to many of our members," said Dr. David Harmon, Chief Medical Director at Superior HealthPlan. "This new collaboration paves the way for hands-on, personalized and integrated services provided by MedArrive and Brave Health, and we believe our members will greatly benefit from this new relationship."The MedArrive care management platform is a white-labeled program that connects pre-identified Superior members with MedArrive's field provider network of highly trained and skilled paramedics, EMTs and other healthcare professionals

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