Seasoned CVS Health Senior Executive Joins AbleTo to Lead Strategic Expansion
NEW YORK, July 17, 2018 /PRNewswire/ — AbleTo, Inc., the leading technology-enabled behavioral health provider proven to improve clinical outcomes and lower healthcare costs, announced today that Trip Hofer joined the company as CEO. Mr. Hofer joins AbleTo from CVS/specialty where he was President of Accordant Health Services.
Prior to joining CVSHealth in 2013, Mr. Hofer held senior leadership positions at OptumHealth, a UnitedHealth Group Company, and Health Dialog. He brings deep knowledge of care management and behavior change programs to his new role at AbleTo. His primary responsibility will be to lead the company through a period of strategic expansion, highlighted by a growing footprint at several of the nation’s largest health plans and self insured employers.
“Demand for AbleTo’s first, best and only behavioral health solution has never been higher, and we are fortunate to welcome a leader like Trip who has spent his career scaling platforms that combine world-class clinical services with sophisticated data and analytics,” said Liam Donohue, member of the Board of Directors and Managing Partner,.406 Ventures. “Trip has exactly the right background to help us accomplish our goal of delivering AbleTo’s life-changing behavioral health programs to millions of people in need.”
“AbleTo’s holistic, evidence-based approach to behavioral health management has already improved the lives of millions, while significantly lowering costs, and there’s massive opportunity to reach many more,” said Yumin Choi, member of the Board of Directors and Managing Director, Bain Capital Ventures. “With Trip as CEO, AbleTo is gaining a leader with the focus and proven experience to accelerate its market traction. We are excited to work with him and the leadership team to apply technology in new, innovative ways to re-shape the behavioral health landscape and reach patients everywhere.”
“I am thrilled to join an organization whose singular purpose is to tackle one of the biggest challenges facing our country: the behavioral health crisis,” said Mr. Hofer, new CEO of AbleTo. “AbleTo has created positive outcomes for both patients and their health plans for years, and has recently made amazing advancements in the ways that data and analytics can be used in the identification, engagement and successful treatment of people with behavioral health issues co-existing with chronic medical conditions. My experience working with employers, payers, and consumers across a range of areas in health care will serve me greatly in the role. I am eager to join at this exciting time to help realize the full opportunities that lie ahead.”
Prior to joining AbleTo, Mr. Hofer was responsible for the development and management of CVS/ specialty trend management products and services. He also held various senior positions at OptumHealth, a UnitedHealth Group Company, including Chief Operating Officer and General Manager of OptumHealth’s Wellness and Well-Being business, responsible for delivering multi-modal health and wellness services to employers, payers, public service entities, and direct to consumers. Mr. Hofer started his career in healthcare at Health Dialog, a company that used analytics and a behavior-change approach to care for chronically-ill populations. He holds a bachelor’s degree from St. Lawrence University and an MBA from Yale University’s School of Management.
AbleTo’s Work in Mental Health
AbleTo, Inc. is a market leader in providing technology-enabled behavioral health care. AbleTo has been treating patients for over six years, and improves patient outcomes and lowers costs by providing treatment that integrates behavioral and medical health care. AbleTo’s structured therapy programs strengthen medical recovery and self-care among members with chronic or complex clinical needs. AbleTo analytics, coupled with our multi-channel engagement platform, identify and engage members with unmet, often undiagnosed, behavioral health needs. A proprietary platform connects individuals and their care teams with AbleTo licensed providers who deliver weekly sessions by phone or video supported by an integrated digital experience. AbleTo programs are clinically proven to improve both behavioral health and medical outcomes while lowering overall spending for higher-cost, higher-risk members. AbleTo’s investors include .406 Ventures, BlueCross BlueShield Venture Partners, Sandbox Industries, HLM Venture Partners, Horizon Healthcare Services, Inc., Bain Capital Ventures, and Aetna Ventures. Follow AbleTo on LinkedIn and Twitter.
