The Levenson family, the founders of Origins Behavioral Healthcare of Texas, and other private investors are also participating in the Series A financing, which include preferred shares.
Levenson family scion Jacob Levenson is the CEO and founder of MAP. He has spent millions on system development to meet the rigorous security and other requirements for full integration for reimbursement into Aetna in particular, but with other large insurers as well.
Late last year, MAP inked a deal with Horizon of New Jersey, bringing to 26 million the number of covered lives in 12 states that are able to tap directly into MAP’s array of extended care services.
A large part of the financing will go toward hiring 25 new employees, who will be embedded at treatment centers nationwide and whose job it will be to make sure that those clients who are covered for MAP aftercare services take full advantage.
Says Antonio J. Rocchino, Aetna’s Sr. of Network Management:: “Aetna and MAP have built a strong collaborative relationship over the last four years. We continue to expand our relationship with MAP and believe that MAP’s services are effectively helping Aetna members in their recovery from Alcohol and Drug Addiction.
In providing peer support to our members and their families in their behavioral health recovery journey, MAP’s services support one of the core components in our work to transform behavioral health service delivery. We look forward to a continued and expanded relationship with MAP as a valued partner.”