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Boulder Care takes in funding as its opioid telehealth program yields industry-leading retention rates

The company is serving several thousand patients and growing its footprint as a value-add employee benefit.

  • Posted on 10th Jun, 2022 13:33 PM
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Boulder Care takes in funding as its opioid telehealth program yields industry-leading retention rates Image

Boulder Care, a Portland, Oregon–based telehealth provider focused on medical treatment and support for people overcoming substance use disorders, raised $36 million in Series B funding.

Founded in 2017 by Stephanie Strong, the company has a mission to address national overdose rates, particularly with opioid and alcohol use disorders. Analysis from the White House in 2017 shows the cost of the opioid epidemic was over half a billion dollars.

Stephanie Strong Boulder Care

Stephanie Strong, CEO of Boulder Care

Approximately 92,000 persons in the U.S. died from drug overdose in 2020, including illicit drugs and prescription opioids, according to National Institute on Drug Abuse figures. The number of overdose deaths has steadily risen since the late 1990s, but the 2020 figure is a sharp rise from the just over 70,600 deaths in 2019.

To fulfill its mission, Boulder Care is delivering thousands of naloxone doses, a medicine for reversing an opioid overdose, to patients and offering telehealth support alongside the medication, including case management, peer coaching and basic needs support. Boulder works to link together disparate providers along the continuum of care, “rather than facilitating ‘warm handoffs,’ we never let go of a patient’s hand,” Strong told TechCrunch.

It’s been a hot minute since we checked in with the company, last profiled around the beginning of the global pandemic when its opioid treatment was gaining traction. At that time, Boulder Care picked up $10 million in Series A funding, led by Tusk Venture Partners.

Boulder Care takes in funding as its opioid telehealth program yields industry-leading retention rates View Story