What you need to know:

– Boulder Care, a number one supplier of high-quality dependancy care, as we speak introduced the profitable closing of an oversubscribed $35 million Sequence C financing spherical led by Advance Enterprise Companions (AVP), joined by Stripes and present buyers together with First Spherical Capital, Qiming Enterprise Companions and the Laerdal Million Lives Fund.

– Boulder Care will spend money on growing much more sturdy providers tailor-made to the particular wants of high-needs sufferers and plans to deepen its presence in present markets whereas strategically increasing into new states.

A pacesetter in telehealth dependancy therapy

Since its founding in 2017, Boulder Care has established itself as a pioneer within the area of telehealth for dependancy therapy. They supply specialist medical care, peer assist and social providers – all delivered just about – to sufferers throughout the nation. This modern strategy has reached greater than 12,000 individuals and delivered industry-leading outcomes.

Addressing the untreated dependancy disaster

The brand new capital will gasoline Boulder Care's mission to satisfy the rising want for accessible dependancy care. Based on SAMHSA (Substance Abuse and Psychological Well being Providers Administration), an estimated 50 million People battle with substance use issues, however most go untreated. This lack of entry results in devastating private penalties and vital financial prices.

Concentrate on Medicaid populations

Boulder Care particularly focuses on underserved communities, together with these lined by Medicaid. These populations face distinctive challenges, together with poverty, unstable housing, and restricted entry to assets in rural areas. Boulder's program is particularly designed to handle these obstacles.

Boulder Care primarily serves Medicaid members beneath value-based plans and companions with quite a few well being plans to tie reimbursement on to profitable outcomes. This modern strategy has resulted in a staggering discount in whole healthcare prices for medical insurance insurance policies by greater than 70%. Contemplating that Medicaid is the most important payer for behavioral healthcare within the US, this achievement provides monumental potential for healthcare reform.

Measurable success and affected person satisfaction

Boulder Care prioritizes evidence-based therapy strategies, leading to best-in-class affected person outcomes. Impartial analysis and well being plan information constantly verify their success. This consists of:

• Retention charges with buprenorphine therapy exceed the nationwide benchmark by thrice.
• Measurable discount in hostile outcomes akin to hospitalizations, hospitalizations and emergency room visits.
• 97% of sufferers report progress of their restoration.

Measurable success: excessive retention charges, decrease prices

Boulder Care's dedication to high quality care is mirrored in its spectacular outcomes, rigorously validated by unbiased analysis. Their sufferers present:

• Excessive retention charges: Retention with buprenorphine therapy exceeds the Nationwide Committee for High quality Assurance (NCQA) benchmark by greater than thrice.
• Lowered unfavourable penalties: Vital reductions have been noticed in unfavourable outcomes, akin to inpatient admissions, hospital admissions, and emergency division visits.
• Improved restoration charges: Sufferers report a restoration progress price of 97%.