The nation’s behavioral health industry keeps growing, with current estimates pegging it to be worth $90 billion. And for those on the frontline advocating for the industry, it is an especially busy time. Like everyone else, the ongoing – and seemingly neverending – pandemic remains front-and-center in the consciousness of behavioral health leaders, as they […]
Two big names in the digital mental health space are going even bigger with ads around two of the biggest sporting events on the globe — the Winter Olympics and the Super Bowl. San Francisco-based Headspace Health has a 30-second spot during the pre-game broadcast of the Super Bowl LVI hyping their “Love Yourself Like […]
The worldwide digital market for behavioral health care is booming, and is expected to grow to nearly $840 billion by 2027, according to Data Bridge Market Research. The current provider market is filled with a number of players, with an estimated 20,000 apps worldwide available through Apple and Android that support behavioral health. Over $5 […]
Telehealth – which in some ways was viewed by many as a curiosity prior to the global pandemic – has become more of a fixture in delivering care since the onset of the coronavirus. Nonetheless, many still prefer the old-fashioned way in person, particularly when it comes to behavioral health services. A quarter of Americans […]
Health care spending for decades has risen significantly, and it is projected to soar past $6 trillion by 2028. With advancements in technology, logic would bear that data tracking systems could coordinate care better and thus reduce costs, especially benefitting behavioral health providers where demand for services continues to grow. And yet, Sheila Talton says […]
About 32.2 million Teladoc Health Inc. members access its mental health telemedicine product making it the second most popular product in the Teladoc offering. In total, about 92 million people have access to Teladoc (NYSE: TDOC). Its most established product, its legacy telemedicine line, sees use from about 82% of its membership, according to a […]
The behavioral health industry has seen a large number of funding deals in 2021. Behavioral Health Business has put together a collection of the largest funding rounds in behavioral health to give you a better idea of who those companies are. Spring Health Hits $2B Valuation After New $190M Funding Round Behavioral health benefits company […]
Brightline seeks to be the first digital pediatric behavioral health provider to serve the entire family, in part by establishing Autism Spectrum Disorder services in early 2022. Executives with the Palo Alto, California-based startup tell Behavioral Health Business that the inspiration for the new line of business came from the parents of children seeking other […]
The world appears set to spend almost twice as much on mental health apps in 2022 than it did in 2019. A new report from the professional services giant Deloitte — titled Technology, Media & Telecommunications 2022 Predictions — says that a “conservative” annual growth rate for global spending on mental health apps is 20%, […]
The number of telebehavioral health visits provided to Medicare beneficiaries increased by 32x — or by 3,090% — in 2020 compared to 2019. That’s according to a new report released by the U.S. Health and Human Services’ (HHS) Office of the Assistant Secretary for Planning and Evaluation (ASPE). The report analyzed claims data from the […]
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