Once a rarity, digital behavioral health companies are now an established part of the industry’s ecosystem. However, as this subsector of behavioral health begins to mature, many startups face a number of growing pains, whether it is garnering enough investor dollars to stay afloat or developing contracting strategies with employers. I don’t see these hardships […]
Comprehensive care models are becoming a key focus for behavioral health providers. Workforce behavioral health provider Lyra is expanding its substance use disorder (SUD) offerings by launching treatment programs for cannabis, opioids, stimulants and nicotine. The company announced the expansion on Monday. “Oftentimes, [treatment options for SUD] lack integrated, evidence-based care that addresses mental health […]
Lack of sleep can increase a person’s chance of developing hypertension, diabetes, heart attack and stroke. There’s an intrinsic link to mental health and well-being, too. Sleep loss and behavioral health conditions can lead to a feedback loop in which lack of sleep worsens behavioral health conditions, and behavioral health conditions lead to lack of […]
Understaffing has undermined the behavioral health industry for years. Only slightly more than a quarter of the nation’s need for mental health services is being met, according to KFF. Mental health coaching has emerged as a crucial way for the industry to provide care for lower-acuity patients who need a helping hand meeting goals, rather […]
2024 could prove pivotal for virtual behavioral health as the federal government considers making COVID-era telehealth flexibilities permanent. Federal and state regulations can heavily influence the availability of behavioral telehealth appointments. For behavioral health providers who provide care to Medicaid beneficiaries, or who prescribe controlled substances for conditions like substance use disorders (SUDs), regulations can […]
Digital behavioral health provider Lyra has launched a new offering for individuals with complex mental health issues. The new offering takes a multipronged approach to supporting individuals with severe mental health needs. “When building Lyra Complex Care, we focused on four critical components not offered anywhere else: a specialized network of facility partners; a dedicated […]
Most US employers say they are prioritizing improving their employees’ mental health. Popular interventions like partnering with companies that promise resilience training and mindfulness practices may not help employees as much as advertised. A new study published in the Industrial Relations Journal found that employee wellness initiatives lead to no reliable difference in mental well-being. […]
Digital mental health unicorn Lyra Health is expanding its teen behavioral health offerings. The expansion comes as the nation shines a brighter spotlight on youth mental health challenges. Lyra’s employer behavioral health benefits platform will now help teens match with specialized mental health providers. Teens will have access to video-based therapy and between-session digital exercise, […]
Mental health remained the top area of startup investment in the U.S. digital health space in the first quarter of 2022. In the first three months of the year, mental health startups garnered about $1 billion, a total that was buoyed by the $235 million Series F funding round of Lyra Health, according to a […]
The mental health tech space raised $5 billion and created nine new mental health unicorns in 2021, according to new data from CB Insights. The number of unicorns — companies that have a valuation of at least $1 billion — is up 150% compared to last year. They are almost all based in the United […]
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