What You Should Know: - Osmind, a mental health EHR platform helping clinicians and researchers advance new life-saving mental health treatments, today announced a $40 million Series B investment led by DFJ Growth. The Series B round brings the total amount of funding for Osmind to $57M since the company’s founding in 2020. Justin Kao, partner at DFJ Growth, and the co-founder of Helix, will join the Osmind Board of Directors. - Osmind works with mental health providers of all types, but
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Mental Health Awareness is Everywhere. Why Shouldn’t Virtual Care Be Standard?
May is Mental Health Awareness Month, which for years has been a platform to increase understanding about mental illness and advocate for better mental health care. Now more than ever, you don’t have to look too hard to see that mental health is a daily fixture in the national conversation. Unfortunately, mental health issues have become far too common for people of all ages and in all walks of life. An Influx of Demand from Pediatrics to Geriatrics We know that children are in dire
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Why a Focus on Behavioral Health is Key to Improving Quality Measures
Since the passage of the Medicare Improvements for Patients & Providers Act in 2008, the U.S. healthcare system has been moving towards value-based care (VBC) which encourages health providers to improve care quality by reimbursing them based on successful outcomes rather than individual medical services. The overarching goal of VBC is to improve the patient experience, improve population health, and reduce per capita health costs. As part of this VBC model, hospitals and health systems
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Therapeutic Alliance: Building Relationships With AI Therapy Chatbots
What You Should Know: - Can we build relationships with AI therapy bots as well as we can with other human beings? This research says yes. - A recent peer-reviewed study in Frontiers of Wysa, an advanced conversational AI for mental health, shows people develop an emotional bond with its chatbot in much the same way people bond with a human therapist. This ‘therapeutic alliance’ is crucial in helping people meet the goals of treatment, the study found. Peer-reviewed study reveals
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Nudj Health Raises $10M for Tech-Enabled Health Service
What You Should Know: - Nudj Health, a tech-enabled health service that delivers telehealth lifestyle interventions to patients using the collaborative care model raises $10M in Series A funding led by Nebraska Medicine, Teal Ventures, Cohn Family Trust & Health Innovation Pitch. - Founded in 2021 in Pasadena, Nudj Health delivers integrated, whole-person, and continuous care for patients with chronic disease. Based on AHA/ACC
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Brightside Health Raises $50M for Personalized Anxiety & Depression Care
What You Should Know: - Today, Brightside Health announced it raised a $50M Series B, led by ACME Capital and Mousse Partners, bringing its total funding to $75M to date. - The funding will help Brightside expand access to high-quality mental healthcare to more people across the country, enhance the platform, forge new partnerships, and grow as a team, from about 57 now to an expected 175 later this year. Brightside Health, a telemedicine platform that offers fast access to
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UK Startup Oliva Raises $6.3M for Workplace Mental Health Platform
What You Should Know: - Oliva, a London-based workplace mental health platform announced it has raised $6.3M (£4.84M) in seed funding led by Stride VC, a seed-stage VC firm based in London, along with additional investment provided by Moonfire. - The seed raise marks the largest seed funding for a mental health startup in Europe. Help with Life’s Problems, Work-Related or Not In the UK, poor mental health costs employers
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When Automation Meets Empathy: Intelligent Virtual Assistants for Healthcare
Advances in conversational artificial intelligence are transforming basic chatbots into intelligent virtual assistants that provide comfort and utility for healthcare consumers and the healthcare organizations that serve them. Most consumers have their minds made up about automated phone agents, and not too many people like them. Who among us hasn’t experienced the frustration of an automated phone menu when calling for a doctor's appointment or shouted “representative!” into our
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Grow Therapy Partners with Aetna to Take its Mental Health Care Services Nationwide
What You Should Know: - Today Grow Therapy, a leader in helping create life-changing therapeutic connections between therapists and clients, today announced that its mental health care services are now available as an in-network benefit to all members of Aetna, CVS Health company. - Bringing Grow Therapy’s multi-thousand therapy and psychiatry provider group in-network with Aetna means it can now
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HIMSS22 Day 2 Roundup: Google Partners with MEDITECH, Microsoft’s Health Cloud Strategy Expansions
Mergers & Acquisitions (M&A) Activity OptimizeRx Acquires EvinceMed, a Specialty Drug Prescription Initiation Platform OptimizeRx, a provider of point-of-care technology solutions helping patients start and stay on therapy announced a definitive agreement to acquire the EvinceMed platform and related assets. EvinceMed is a provider in delivering end-to-end automation for specialty pharmaceutical transactions. The acquisition includes the full Market Access Management Platform
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