The latest from Author Health

Author Health, which provides mental healthcare and counselling for Medicare Advantage recipients, has announced launch of services in Florida’s Fort Lauderdale and Miami, after raising $115 million in funding led by New York-based General Atlantic and Boston’s Flare Capital Partners.

Here were five notable digital health funding deals from this week.

The company will use the funds to speed up its growth.

The hybrid platform offers Medicare Advantage recipients behavioral health services. It will use the funds to grow its partnerships with insurance providers.

The at-home care field holds significant market potential. As the subsector continues to grow, some leaders of home healthcare startups are challenging misconceptions that some other industry stakeholders may still have, including the misbelief that at-home care is only for senior citizens and that this care model lacks scalability.

The digital health sector has entered a new era when it comes to funding, and startups in this space must quickly adjust to an investment landscape that is characterized by lower check sizes, fewer deals and smaller cohort of investors. If things continue at the pace the sector has maintained throughout the first half of the year, 2023 will mark the field's lowest yearly fundraising total since 2019, according to a new report.

Author Health helps seniors with serious mental illness and substance use disorders by working with Medicare Advantage plans. The company launched Wednesday with $115 million in financing, and announced that Humana is its first payer partner.

Herself Health, a company delivering hybrid primary care to women ages 65 and older, announced Monday that it has secured $26 million in Series A financing. CEO Kristen Helton, who previously served as director of the now defunct Amazon Care, said the startup's "fundamental goal is to elevate the patient experience and provide meaningful in-person and virtual support that provides women 65+ with a primary care experience designed specifically for them."

Author Health launched on Wednesday with $115 million in financing to deliver virtual and in-person care for Medicare Advantage recipients with serious mental illness and substance-use disorders. CEO Katherine Hobbs said the company was "born out of the necessity to fundamentally shift how our health system prioritises behavioural health and preventive services."