The prevalence of mental and behavioral health conditions has been on the rise in recent decades, further aggravated by the pandemic in the last two years. Social isolation, grief from the loss of loved ones, fear of contracting the virus, and financial worries were all major stress factors that increasingly affected the mental wellbeing of the population, and the resulting statistics are startling: the average share of adults with symptoms of anxiety or depressive disorders jumped from 1
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Handspring Launches with $6.2M to Solve Mental Health Access for Kids
What You Should Know: Handspring , a Newark, NJ-based startup building a vertically-integrated and omnichannel behavioral health center for children and families that includes both virtual care and modern clinics. Today, the company has announced its official launch in New Jersey to provide quality care to more families and children. Handspring has closed a $6.2M seed round to further its mission of making quality mental healthcare accessible to all families was co-led by Newark
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Q1 2022 Digital Health Funding Reaches $6B Across 183 Deals
What You Should Know: - Rock Health report reveals Q1 2022 digital health funding closed with $6.0B across 183 deals, and an average deal size of $32.8M. - Q1 2022 digital health funding was significantly behind Q4 2021’s $7.3B and the trailing twelve month quarterly average of $7.1B. Digital health funding reached a total of $6B in Q1 2022 across 183 deals, and an average deal size of $32.8M, according to Rock Health, a full-service venture fund
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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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Nurses Are Beyond Burnout, Suffering From PTSD as Spiraling Work Demands, Report Finds
What You Should Know: - A majority of nurses (56%) report that they’re sacrificing their mental health for the job, reveals survey data from the IntelyCare Research Group. IRG is the research arm of IntelyCare, the largest digital staffing platform for nursing professionals seeking per diem positions. - The third-party data demonstrates that working conditions during COVID-19 have taken a significant toll on nurses’ mental, physical and emotional well-being and
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Amino Launches its Healthcare Guidance Platform in Spanish
What You Should Know: - Amino, the leading employer-sponsored healthcare guidance platform, is adding Spanish Language capabilities and Mental Health providers. This will allow employees to easily find in-network mental health providers in either English or Spanish. - By guiding members to top mental health providers, Amino expands and accelerates access to high-quality, cost-effective mental health services, which can be difficult to find. From insurance details to locating providers,
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UpLift Raises $8M to Integrate Psychiatry with Mental Healthcare Delivery Platform
What You Should Know: - UpLift, a vertically integrated mental healthcare delivery platform raises $8M in secondary funding which they plan to allocate to expand their hybrid model services to include psychiatric treatments in an effort to close the behavioral healthcare gap and optimize the appropriate plan of care. UpLift, the first vertically integrated mental healthcare delivery system, announced their expansion into psychiatry as well as the closing of $8M in secondary funding led
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Ginger Adds Spanish to On-Demand Mental Healthcare Offering
What You Should Know: - Ginger, a provider of on-demand mental healthcare, today announced Spanish language capabilities of Ginger’s entire on-demand mental health offering. The added capabilities aligns perfectly with the company’s recent decision to commence supporting those members utilizing Medicaid (starting in certain markets). Ginger members who prefer to receive care in Spanish will be able to access the full mobile app experience, from intake, to messaging and care delivery, in
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A Pandemic Paves the Way for Improved Mental Healthcare Access
The pandemic left us floundering in many ways — our healthcare infrastructure was not prepared to handle a fast-moving, contagious virus that made it unsafe for in-person visits with a mental health provider, not to mention a virus that would keep the vast majority of Americans stuck in their homes for close to a year. Financial pressure, jobs lost, lives lost, social isolation, homeschooling, the fear of contracting the virus whose effects were largely unknown, especially for those already
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