// startup autopsy
Workit Health
Opioid addiction telehealth champion undone by Medicaid reimbursement cuts and unsustainable costs.
regulationFire Sale
Distressed acquisition below last-round valuation
| Founded | 2015 |
|---|---|
| Closed | 2024 |
| Country | USA |
| Sector | Healthtech |
| Founder | Lisa McLaughlin, Robin McIntosh |
// the model, blind
Evaluating only Workit Health’s profile at its peak — without knowing the outcome — the model ranked Unit economics as the #1 likely cause. Documented cause: Regulation.
Key Events Timeline
FOUNDING
Lisa McLaughlin and Robin McIntosh co-founded Workit Health in Michigan to provide addiction treatment via telehealth.
FUNDING
Raised $118M Series C; expanded to 40 states offering buprenorphine and counseling for opioid use disorder.
LAYOFF
Laid off 30% of staff as Medicaid reimbursement rates cut in Michigan and other key states; clinical costs soared.
SHUTDOWN
Sold patient assets to competitor and ceased independent operations; mission-driven model proved financially unviable.