Better Life Partners: Company Profile

Background

Overview

Better Life Partners is a healthcare organization founded in 2018 and headquartered in Hanover, New Hampshire. The company specializes in providing community-based and virtual medical and behavioral health services, focusing on the treatment of opioid and alcohol use disorders. Their mission is to offer comprehensive, accessible, and compassionate care to individuals seeking recovery from addiction.

Mission and Vision

The mission of Better Life Partners is to provide whatever it takes to help people heal from addiction, whenever and wherever they need it. Their vision is to build a multispecialty practice of the future, delivering value-based care backed by technology and a caring team of providers, community health workers, counselors, and support staff.

Primary Area of Focus

Better Life Partners focuses on the treatment of substance use disorders, particularly opioid and alcohol use disorders. They offer a range of services, including medication-assisted treatment (MAT), counseling, community support, and integrated medical, behavioral, and social care. Their approach emphasizes whole-person care through partnerships with local organizations.

Industry Significance

In the context of the ongoing opioid crisis, Better Life Partners plays a crucial role in expanding access to effective addiction treatment. By combining virtual and community-based care, they address the needs of underserved populations, contributing to improved health outcomes and reduced healthcare costs associated with substance use disorders.

Key Strategic Focus

Core Objectives

• Expand Access to Care: Increase the availability of addiction treatment services through virtual and community-based models.

• Integrate Services: Provide comprehensive care that includes medical, behavioral, and social support tailored to individual needs.

• Enhance Community Partnerships: Collaborate with local organizations to build trust and deliver services effectively within communities.

Specific Areas of Specialization

• Opioid Use Disorder (OUD) Treatment: Utilizing medication-assisted treatment (MAT) combined with counseling and community support.

• Alcohol Use Disorder (AUD) Treatment: Offering peer counseling groups and personalized care plans.

• Mental Health Services: Addressing co-occurring conditions to support holistic recovery.

Key Technologies Utilized

• Telehealth Platforms: Enabling virtual consultations and remote monitoring to increase accessibility.

• Data Analytics: Utilizing data to personalize treatment plans and monitor outcomes.

Primary Markets Targeted

Better Life Partners operates in New Hampshire, Maine, Massachusetts, and Vermont, focusing on underserved communities with limited access to traditional addiction treatment services.

Financials and Funding

Funding History

• Total Funds Raised: $32.07 million across two funding rounds.

• Recent Funding Round: Series B round of $26.5 million completed in August 2023.

Notable Investors

• aMoon: A global HealthTech fund co-led the Series B round.

• F-Prime Capital: Participated in the Series B round.

• .406 Ventures: Participated in the Series B round.

Utilization of Capital

The funds are intended to further develop and scale Better Life Partners' technology-enabled care model, expand population health management services, and increase access to addiction treatment in existing and new markets.

Pipeline Development

As a healthcare service provider, Better Life Partners does not have a traditional product pipeline. Instead, their focus is on expanding and enhancing their service offerings, including:

• Service Expansion: Increasing the geographic reach of their services to additional states.

• Program Development: Enhancing existing treatment programs and developing new initiatives to address emerging needs in addiction treatment.

Technological Platform and Innovation

Proprietary Technologies

• Telehealth Infrastructure: A robust platform supporting virtual consultations and remote monitoring.

• Data Analytics Tools: Systems for analyzing patient data to inform treatment decisions and improve outcomes.

Significant Scientific Methods

• Trauma-Informed Care: Approach that recognizes and responds to the impact of trauma on individuals.

• Harm Reduction Strategies: Techniques aimed at minimizing negative health, social, and economic consequences associated with various human behaviors.

Leadership Team

Key Executives

• Juliana Ekong, MD: Chief Executive Officer. Dr. Ekong is a public psychiatrist with extensive experience in addiction treatment and mental health services.

• Steven Kelly: Chief Operating Officer and Co-Founder. Mr. Kelly has a background in healthcare operations and has been instrumental in scaling Better Life Partners' services.

• Adam Groff, MD: Co-Founder and Board Chair. Dr. Groff is a physician with expertise in addiction medicine and has played a key role in developing the company's care model.

• Christian Del'Aune: Chief Technology Officer. Mr. Del'Aune oversees the technological infrastructure, including telehealth platforms and data analytics systems.

Competitor Profile

Market Insights and Dynamics

The addiction treatment market is experiencing growth due to increasing awareness of substance use disorders and the need for accessible treatment options. Telehealth and community-based care models are gaining traction as effective solutions to address these needs.

Competitor Analysis

• PursueCare: Offers virtual addiction treatment services with a focus on accessibility.

• Boulder Care: Provides telemedicine-based addiction treatment, emphasizing personalized care.