
AnswersNow raises $40 million to develop entry to autism remedy
AnswersNow, a startup providing autism remedy for households, introduced Wednesday that it has secured $40 million in Collection B funding.
The Richmond, Virginia-based firm works with business insurers and Medicaid, connecting households with licensed habits analysts for one-on-one digital remedy periods.
It makes use of Utilized Behavioral Evaluation, a typical remedy for autism that systematically teaches abilities and reduces difficult habits by observing habits, understanding how environmental elements affect it, and utilizing optimistic reinforcement to encourage significant change. The AI-powered platform creates customized studying modules particularly tailor-made to the wants of every baby. AnswersNow additionally provides coaching for healthcare suppliers.
“We imagine that folks and/or caregivers play an vital position in remedy,” stated Jeff Beck, CEO of the corporate. “Our coaching periods allow caregivers to turn out to be efficient therapeutic brokers in on a regular basis moments outdoors of formal remedy, multiplying the affect of every scientific hour.”
AnswersNow’s Collection B spherical was led by HealthQuest Capital, with participation from Left Lane Capital and Owl Ventures. In complete, the corporate has raised $66 million.
“America’s autism assist system is damaged, leaving households ready months or longer for providers at unsustainable prices to insurers,” Sam Brasch, capital companion of HealthQuest, stated in an announcement. “AnswersNow’s digital remedy mannequin goals to ship leads to much less time and at a decrease price than conventional remedy. We’re excited to work with them to assist households and create a extra sustainable mannequin for our healthcare system.”
With the funding, AnswersNow will scale its platform by doubling its scientific employees, increasing its management workforce and introducing new providers. As well as, it is going to spend money on the event of its AI platform.
About one in 31 kids is recognized with autism. Finally, AnswersNow desires to resolve two issues: an absence of entry to high quality autism remedy and the excessive price of healthcare, Beck stated.
“Early in my profession as a licensed social employee, I used to be within the subject day by day working with kids with autism – usually within the poorest neighborhoods,” he stated. “Day after day, I noticed unimaginable households who merely weren’t outfitted to deal with this on their very own, however who could not get the care they wanted. Since then, the issue has solely gotten worse. Autism is the quickest rising developmental incapacity in America at present. … Conventional assist providers merely cannot hold tempo.”
He added that the majority autism remedy within the U.S. is offered in particular person by much less skilled employees, requiring households to commit 30 to 40 hours per week, endure lengthy wait instances and journey far. Consolidation of personal fairness and insurer reimbursement charges make healthcare much more inaccessible.
“The result’s an autism disaster by which high-quality care has turn out to be unattainable and financially unsustainable,” Beck stated. “AnswersNow is on a mission to reverse that healthcare dynamic in order that the world turns into as large as attainable for kids with autism.”
Different startups providing providers for autism embrace Cognoa, Optimistic Growth and Frontera Well being.
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