GETTYSBURG (October 9, 2022) — By July 2021, investments in digital health exceeded all of 2020. In the U.S. alone, $29.1 billion was funneled into digital health startups. Among the top-funded digital health clinical domains, mental health took the lead at $5.1 billion. This is over 10 times the investment in 2017, and $3.3 billion more than any other clinical indication.1

It has been almost 10 years since Aileen Lee coined the term “unicorn” to describe a privately held company valued over $1 billion.2 In behavioral health, companies that have achieved unicorn status include some commonly known names such Talkspace, Calm, and Lyra Health. These companies with their investment dollars are already reshaping patient care and care delivery.3

Join Otsuka and OPEN MINDS on December 1, 2022 at 12:00 pm ET as we explore how patient care is evolving in the face of the behavioral health unicorns and what it means strategically for your organization.

Click Here To Register For The Free Session

References

  1. Oss, M. E. (2022, January 27). The bet is on Digital. OPEN MINDS. Retrieved August 13, 2022, from https://openminds.com/market-intelligence/executive-briefings/the-bet-is-on-digital/
  2. Oss, M. E. (2022, January 21). The unicorn next door. OPEN MINDS. Retrieved August 13, 2022, from https://openminds.com/market-intelligence/executive-briefings/the-unicorn-next-door/
  3. Oss, M. E. (2021, March 5). How 34 health care unicorns are changing your world;. OPEN MINDS. Retrieved August 13, 2022, from https://openminds.com/market-intelligence/executive-briefings/how-34-health-care-unicorns-are-changing-your-world/

About The Trends in Behavioral Health Series

The Trends in Behavioral Health Series provide information and insights into the multi-layered United States behavioral health system. They include in-depth view of current statistics, prevailing issues, and emerging trends in order to inform the discussions, debates, and decision-making of policy-makers, payers, providers, advocates and consumers. The complete Trends in Behavioral Health Series addresses current behavioral health care trends topics, including:

  • A look at the national policy that is shaping the U.S. health and human services market
  • A view of the state behavioral health delivery systems that were created by a combination of historical practices, federal and state policy, and market factors over recent years
  • An examination of the practices of health plans that manage both physical and behavioral health care for the vast majority of the U.S. population
  • A deep-dive into behavioral health care access and delivery of care from the consumer perspective

The Trends in Behavioral Health Series also include Guide Updates that provide concise summaries of major changes occurring in the industry. These include high-level impacts of situations affecting behavioral health care (such as COVID-19), new trends, policy changes, and much more.

About PsychU

PsychU is a free community and online resource library for mental health. Our members share one simple belief: Enhanced information, increased collaboration, and ongoing discussion will lead to improved mental health care and patient outcomes for individuals with mental illnesses.

PsychU is one community comprised of thousands of professionals who provide, regulate, or administer mental health services in a variety of capacities.

About OPEN MINDS

OPEN MINDS is a national market intelligence, management consulting, and marketing services firm specializing exclusively in the markets of the health and human service field that serve consumers with chronic conditions and complex support needs. OPEN MINDS’ mission is to provide payers, service provider organizations, and technology and scientific firms that serve these consumers with the market and management knowledge needed to improve their organizational efficiency and effectiveness.

For additional questions and inquiries, please contact Murray Beachtel, Senior Consultant, OPEN MINDS at 717-334-1329 or openminds@openminds.com.

PsychU is supported by Otsuka Pharmaceutical Development & Commercialization, Inc. (OPDC), Otsuka America Pharmaceutical, Inc. (OAPI), and Lundbeck, LLC – committed supporters of the mental health treatment community. The opinions expressed by PsychU’s contributors are their own and are not endorsed or recommended by PsychU or its sponsors. The information provided through PsychU is intended for the educational benefit of mental health care professionals and others who support mental health care. It is not intended as, nor is it a substitute for, medical care, advice, or professional diagnosis. Health care professionals should use their independent medical judgement when reviewing PsychU’s educational resources. Users seeking medical advice should consult with a health care professional. No CME or CEU credits are available through any of the resources provided by PsychU. Some of the contributors may be paid consultants for OPDC, OAPI, and / or Lundbeck, LLC.

Login to access The OPEN MINDS Circle Library. Not a member? Create your free account now!