Mental Health Services

The mental health market is defined as treatment services for mental and emotional health and psychiatric care for individuals of all ages. Mental health services are provided by a wide array of professionals, including certified counselors, psychiatrists, psychologists, and neurologists. The mental health market is facing new challenges – continued cost pressures on Medicare, Medicaid, and government programs; a shift to value-based care financing models; increased consolidation of health systems; and a push towards tech-enabled, consumer-led interventions. While these challenges may seem immense, the mental health market has experienced numerous shifts over the years from the move to managed care to increased community-based care. Organizations that can adapt to these changes are most likely to succeed.

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Pandemic Has Increased Worldwide Incidence Of Anxiety & Depression

The coronavirus disease 2019 (COVID-19) pandemic and the resulting measures to reduce viral spread raised the worldwide incidence of anxiety and depression. About 24.0% of people worldwide experienced depression during the onset of COVID-19, from February through July 2020. About 21.3% experienced anxiety during COVID-19 onset. Mitigation measures for COVID-19 have included stay-at-home or shelter-in-place… Read