Omada Health announced Wednesday that it will embed behavioral health support into its suite of care support programs.
The San Francisco-based company offers health plans and employers virtual care interventions for diabetes, diabetes prevention, hypertension, and musculoskeletal issues — chronic conditions which represent major drivers of health care spending.
With the new addition of behavioral health supports, Omada Health will help address the mental and physical health of its users to remove barriers to better health outcomes, according to a news release.
This will include upfront assessments for anxiety and depression; resources to help address social determinants of health; tools that use cognitive behavioral therapy; care teams that include a mental health specialist; and high-risk triage and intervention.
“Our latest investment in integrating support across our programs further solidifies that commitment,” Jennifer La Guardia, senior director of clinical and behavior science at Omada Health, said in the release. “With nearly half of our members identifying behavioral health symptoms, we’re now offering them even more personalized care to help them understand and overcome these challenges.”
Estimates from the National Institute of Mental Health show that as many as 21% of Americans are struggling with any form of a mental health concern. Omada Health said in the release that 47% of its members show elevated behavioral health symptoms of anxiety and/or depression. Addressing these conditions offers significant potential for cost savings by driving better healthcare treatment compliance and improved overall health outcomes, the release states.
The addition of the services follows Omada Health’s announcement that it landed $192 million of Series E funding in February. Fidelity Management & Research Company led the round. Other participants included aMoon, Perceptive Advisors, Wellington Management and Civilization Ventures, according to a previous announcement.
Helping employers improve the health of their workforce has been a major source of investment of late. Burlingame, California-based Lyra Health landed $235 million in Series F funding and announced it would go global following its acquisition of ICAS World. Lyra Health provides mental health services to company employee assistance programs (EAPs).
Purchase, New York-based Teladoc Health Inc., a leader in telehealth services, has also found success in working with EAPs. The company has seen its mental health platform, BetterHelp, grow because of its expanding work with EAPs. BetterHelp pulled in $700 million in revenue in 2021.
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