Birches Health Announces Funding to Lead Fight Against Gambling Addiction
Birches Health is proud to announce new funding from multiple partners to accelerate investments in clinical excellence, expanding the provider network, growing insurance and state Department of Health partnerships, and scaling the infrastructure to meet the growing demand for specialized clinical treatment. A recent Series A funding round was led by AlleyCorp, following a Seed led by General Catalyst, with ongoing participation from Will Ventures, defy.vc, Haystack, Operator Partners, and many others.
“Gambling addiction is so often seen as a personal failing or a financial issue rather than the behavioral addiction that it is. Individuals, family members, or other loved ones often do not know where to turn for help,” said Dr. Martin Rosenzweig, former Chief Medical Officer, Behavioral at Optum and Birches Health board member. “Birches has developed a much needed evidence-based clinical solution with a unique program acuity matched to the needs of the individual in the comfort of their home offering a viable path to recovery.”
According to a recent American Psychiatric Association poll, 28% of American adults have a daily habit of gambling online. Individuals struggling with gambling addiction, sex and pornography addiction, and other behavioral addictions have historically dealt with fragmented access to care - compounded by geographical and financial barriers across the United States. Over the past two years, Birches Health has built the largest network of specialized clinicians and partnered with hundreds of insurance plans to increase access to specialized behavioral addiction care from the comfort of home.
Available in all 50 states and covered by major national insurance plans including United Healthcare, Cigna, Aetna, and many Blue Cross Blue Shield plans, Birches Health’s clinical program is tailored to the unique needs of the individual. Virtual care entails customized treatment including individual, family, couples, and group therapy. All sessions are supported by resilience and recovery programming from individuals with lived experience on the first digital engagement platform built for behavioral and process addictions. Since launching, Birches Health has grown rapidly, supporting thousands of patients on their recovery journeys.
“The United States is facing a looming gambling addiction crisis,” said Elliott Rapaport, founder and CEO of Birches Health. “By integrating with leading insurance companies and state Departments of Health, we are proving that access to specialized care for those struggling with gambling, gaming, sex, pornography, and internet addiction should be available to all.”
To get in touch with the Birches Health team, reach out at hello@bircheshealth.com
