Vanna Health, a value-based health technology company providing integrated mental and chronic health support, has raised $17 million in a funding round co-led by a national healthcare insurer and AlleyCorp, with participation from Health Velocity Capital. The San Francisco-based startup serves individuals with serious mental illness, including schizophrenia and bipolar disorder, which affects approximately 14 million Americans. Vanna Health combines evidence-based clinical care, community integration and proprietary technology to deliver coordinated support through community-based coaching. Currently operating in four states, the company will use the funding to expand into new markets, grow its clinical teams and further develop its technology platform. The model addresses social, behavioural and medical factors whilst working directly with insurance companies and community partners.

Vanna Health, a value-based care provider for people with serious mental illness, has appointed Dr Liz Kwo as president to lead its national expansion. Dr Kwo will partner with founder and CEO Dr Giovanni Colella to scale the company's community-based care model across multiple states and deepen payer partnerships. The company operates in Pennsylvania, Arizona and Indiana, with expansions underway in New York. Vanna Health's integrated model has demonstrated a 33% reduction in total medical and pharmacy costs, driven by decreased emergency department visits and inpatient utilisation. Dr Kwo brings experience in building healthcare models across Medicaid, Medicare and commercial markets. The appointment comes as Vanna Health prepares for further growth with existing customers and development of its AI-enabled care platform.