USA – Ria Health, a San Francisco, CA-based telehealth provider specializing in alcohol use disorder (AUD) treatment, raised $18m in Series A funding.
The round was led by SV Health Investors, with participation from BPEA Private Equity, and current investor SOSV. In conjunction with the funding, Michael Balmuth, Managing Partner at SV, joined the Ria Health board. The company intends to use the funds to expand care delivery to meet demand for AUD treatment from health plans, multi-state employers, Taft-Hartley plans, and healthcare providers.Led by Tom Nix, CEO, Ria Health provides an evidence-based telehealth treatment program that combines medical science, technology, and human compassion to help people improve their lives with a an online solution. The expert providers empower their patients to set personalized goals, which may focus on clinically-measured reduction of alcohol misuse rather than abstinence. Patients utilize a combination of one-on-one coaching, medical support, digitally connected breathalyzers, and physician prescribed medications to systematically reduce the adverse impacts of AUD and treat co-occurring mental illness.The announcement follows commercial partnerships with regional and national health plans, including Anthem Blue Cross Blue Shield, UnitedHealth Group Optum, Beacon Health Options, Highmark Health, and Magellan Health, among others.29/06/2022
