Throughout the pandemic, digital health companies have seen significant growth, with one study finding that U.S.-based digital health startups surpassed $29 billion in 2021, almost twice the funding seen in 2020. When done correctly, the use of these digital innovations can help people reduce the burden of dealing with mental health challenges by providing accessible, affordable, and timely care to users. As digital mental health interventions (DMHI) continue to battle it out for a leading spot
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Rising Healthcare Costs Tops Reason Patients Defer Healthcare
What You Should Know: - Cost concerns increasingly outweighed worries about the pandemic as the top reason Americans deferred healthcare, according to a new study by Qualtrics, the leader and creator of the experience management category. - Between 2020 and 2022 the share of consumers deferring care because of pandemic-related health concerns decreased by 11 percentage points from 28% to 17% while the share of consumers deferring care because of cost concerns grew by four percentage
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Color Acquires Mood Lifters, Launches Behavioral Health Product
What You Should Know: - Color Health acquires Mood Lifters, a leading group-based mental health company and launches a new behavioral health product. The new solution will expand access to mental healthcare for organizations tackling public and population health. - Mood Lifters uses an evidence-based treatment paradigm developed by Dr. Patricia Deldin and Dr. Cecilia Votta at the University of Michigan. Crucially, groups are led by participants who have
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Resilience Lab Joins Aetna In-Network for Mental Health
What You Should Know: - Resilience Lab, a mental health provider enabling communities of clinicians to improve outcomes and access announced that it has joined Aetna as an in-network mental healthcare provider. - Resilience now has in-network partnerships with three of the nation’s largest health insurance carriers, including Aetnea, United Healthcare and Humana, allowing them to serve more than 50 million Americans across five northeast states. - This expansion is a key part of
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Headway Expands to California for In-Network Mental Healthcare
What You Should Know: - Headway, a tech-enabled company that has built the easiest way for people to get quality in-network mental health care, announced it is available in California. - Headway patients can attend a virtual or in-person appointment in as little as 48 hours, and on average patients attend their first appointment less than 6 days after online booking; this is compared to the national average of two to three weeks, if not months. Mental Health Crisis in
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Grow Therapy Raises $75M to Expand Insurance Coverage for Mental Healthcare Nationwide
What You Should Know: - Behavioral health company, Grow Therapy secures $75 million in series B funding to expand insurance coverage including Medicare and Medicaid in all 50 states. - This round of funding was led by TCV, co-led by Transformation Capital, with support from existing backers SignalFire and SVB. Medicare/Medicaid Coverage Expansion Specifically, the areas that the company will focus on are: expanding commercial insurance and Medicare and Medicaid coverage (which are
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Rippl Launches with $35M to Transform Mental Health for Seniors
What You Should Know: - Rippl, a new mental health startup focused on caring for seniors with dementia and other neurocognitive conditions, launched today with $32M in seed round funding led by ARCH Venture Partners and General Catalyst. The round also includes investment from GV, F-Prime Capital, and Mass General Brigham Ventures. - Rippl will use its seed funding to hire and train a team of clinicians, build technology, and open a Washington state-based clinical support center to launch
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New athenahealth Research Finds that Telehealth Fills Care Gaps
What You Should Know: - Increased usage of telehealth, driven by COVID-19, not only remains substantially above pre-pandemic levels but has also emerged as both a key diagnostic tool and treatment vehicle, according to new research from athenahealth. - The findings, announced today by athenahealth, a leading provider of network-enabled software and services for medical groups and health systems nationwide, suggest that telehealth is now integrated across the care continuum. The findings
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Ellipsis Health & Ceras Health Integrate to Bring Human Voice as a Biomarker for Mental Health
What You Should Know: - Ellipsis Health and Ceras Health today announced a partnership that will integrate Ellipsis Health's breakthrough technology that uses the human voice as a biomarker for mental health and wellbeing into Ceras' clinical monitoring platform. - This integration will combine Ellipsis Health's AI and deep learning technology with Ceras Health's clinical monitoring and health data analytics platform, enabling real-time severity scores for anxiety and depression to improve
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CareFirst BCBS Taps Headway to Expand Access to Mental Healthcare
What You Should Know: - Today, CareFirst BlueCross BlueShield (CareFirst), the largest not-for-profit health plan in the mid-Atlantic region, and Headway, a tech-enabled company that expands access to in-network mental health care by removing barriers that providers, payers, and the people they serve face, announced a collaboration to scale CareFirst’s mental health care program. - CareFirst launched a search in fall 2021 for a company to help them better support and engage their
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