Digital health fundaMentals
May is Mental Health Awareness Month, and this year it comes at a pivotal time in our country’s recovery from the pandemic—roughly one-third of Americans report symptoms of anxiety or depression. Startups and large organizations alike continue to offer up solutions. Transcarent is rolling out a program to ensure patients can access virtual or in-person therapy appointments within three days. Amwell announced a virtual mental health offering with access to Amwell therapists and psychiatrists and programs from acquired SilverCloud Health. Companies like Pinterest and Bumble are also in the mix: the former with new mental health activations and content for users seeking resources; the latter with free online trauma support for relationship abuse survivors via a partnership with Bloom. Google has shared new resources too, across Search, YouTube, FitBit, and more.
Meanwhile, the other shoe is beginning to drop: economists are concerned that a rush of private equity firms into mental health could cause the cost of care to skyrocket; companies that prescribe controlled substances are re-evaluating their approach; plus downloads of the top mental health apps have declined by over 30% since January 2021. Digital health remains key to solving the supply and demand issues plaguing mental healthcare—but determining the business models that will make access sustainable is still a work in progress.
RockHealth.org is excited to launch the second cohort of Rock Health Summit Innovation Fellows! The Rock Health Summit Innovation Fellowship program is a year-long engagement designed to create opportunities for emerging digital health leaders. Click here to learn more and apply by June 17.
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