How Virtual Behavioral Health Organizations “Fit” In The Health Care Ecosystem

Investments in behavioral health virtual delivery systems have dwarfed investments in brick and mortar services. In 2020, digital behavioral health funding increased nearly threefold over 2019, with $1.8 billion in funding across 55 deals, compared to $609 million in 2019 (see 2020 Market Insights Report: Chasing A New Equilibrium). In the first quarter of 2021, investments in new digital health deals were at a high of $6.7 billion, with mental health investments once again topping the list (see Digital Is Hot & Mental Health Is Hotter).

The new all-virtual delivery systems have been viewed as something “apart . . .