MAP Health Management Secures New Funding to Expand Telehealth Services for Substance Use Disorder

VCBeat (WeChat ID: vcbeat) has learned that telehealth company MAP Health Management recently secured financing from Triton Pacific Capital Partners. The specific amount of the investment was not disclosed. The funds will be used to expand MAP Health Management’s service network, which currently comprises hundreds of addiction treatment providers and offers a total of 8,000 beds.

MAP Health Management, founded in 2011 in Austin, Texas, is a telehealth company that provides peer recovery support services and data insights for patients with substance use disorders. Led by its founder and CEO, Jacob Levenson, the company is a recognized specialist in the field of substance abuse treatment in the United States. It employs a team of professionally trained counselors who deliver long-term counseling services to help patients manage and control their drug addiction, thereby reducing healthcare costs.

According to Crunchbase, MAP Health Management has completed two rounds of financing since its inception. In March 2019, the company closed a $25 million Series A funding round led by Aetna.

MAP Health Management’s telehealth platform, MAPCares, supports phone and video consultations between patients with substance use disorders and recovery specialists. Leveraging their medical expertise, these specialists provide remote guidance to patients and their families to address behavioral health issues associated with substance abuse, thereby facilitating patients’ gradual recovery.

MAP Health Management’s counselors possess at least one year of experience in addiction treatment and are capable of providing services to patients with substance use disorders for 12 months or longer. Additionally, following patient recovery, MAP Health Management’s counselors assist individuals in repairing interpersonal relationships, reintegrating into the community, and returning to the workplace or school.

It is understood that drug addiction is a chronic disease characterized by a state of dependence resulting from habitual use of a specific substance, with withdrawal symptoms emerging upon cessation. Individuals with drug addiction are twice as likely as the general population to suffer from arthritis, chronic pain, heart disease, stroke, hypertension, diabetes, and asthma. Surveys indicate that approximately 20 million adults in the United States misuse drugs, many of whom face long-term barriers to overcoming their addiction.

Triton Pacific Capital Partners, a private equity firm headquartered in California, United States, was established in 1996 and specializes in strategic planning, mergers, and acquisitions. Announced in 2021.

(Compiled by Jiao Yanli)