Insurer Centene Invests In Start-up Hazel Health In $33.5 Million Venture Funding Round Ginger Mental Health Funding

Hohoho, good morning, on occasion will bring about ginger mental health funding Insurer Centene invests in start-up Hazel Health in $33.5 million venture funding round see in full

Telemedicine start-up Hazel Health provides school-based virtual medical care and mental health for children in grade school. When the Covid pandemic shut down schools this spring, the company pivoted to home access.

"We built what we're now calling Hazel at Home, where you can now also have a doctor's visit from your house from a laptop, or Chromebook, or from a cell phone," said Josh Golomb, Hazel Health CEO.

The five year old start-up raised $33.5 million in a series C funding round, led by Owl Ventures and Bain Capital as well as insurer and Kaiser Permanente.

"Having important and large scale partners that can help distribute us and get us in front of as many people with need as possible, is the right strategy," said Ginger CEO Russ Glass, while adding that he doesn't see those partnerships leading to an acquisition.

"Independence is important for us. I think it's hard to innovate when you're trying to combine forces ... that might not necessarily be as fast moving and as innovative as we can be alone," Glass explained.

For Hazel Health, partnering with a leading Medicaid insurer like Centene provides an opportunity to expand their services to more low-income families, and put their kids in touch with pediatricians who can provide both virtual and in-person care.

"In most states if you're on Medicaid you're automatically assigned a the primary care doctor, so most Medicaid families, theoretically have one. But only about half of the families tell us say that they do," said Golumb, adding "a lot of the role we see ourselves playing (is)... bringing them into the healthcare system so they can actually have a dedicated PCP."

It's clear that digital care is going to play a larger role in the nation's health care system overall, especially while the U.S. continues to grapple with the coronavirus pandemic

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