Why We Invested
A staggering 57.8 million Americans, are thought to live with some form of mental illness, more than 20% of the adult population. Even more troubling, $225.1 billion was spent on mental health treatment services in 2019 (~$4k per person). The market opportunity to develop a robust, effective SMI platform was evident. Working closely with a significant launch customer, Author Health introduced a virtual-first hybrid care model led by the Dr. Katie Hobbs Knutson, an extraordinary CEO who we are honored to support.
The first platform to provide comprehensive care and treatment for Medicare Advantage recipients with severe mental health and substance use disorders.
“Our nation is clearly struggling to meet the health and social needs of people with behavioral health conditions, and those needs are only increasing within our aging population. Author Health was born out of the necessity to fundamentally shift how our health system prioritizes behavioral health and preventive services. By aligning Medicare Advantage health plans and clinicians to improve health, and using a combination of technology and community relationship-building to open access for hard-to-reach populations, Author Health is primed to meet the growing demand for psychiatric care on a national scale.”