“Wysa, the leading global AI-powered mental health platform, today, during Mental Health Awareness Month, announced a $5.5M Series A financing round led by W Health Ventures, a Boston-based digital health investor. Others participating in the round include the Google Assistant Investment program, and existing investors pi Ventures and Kae Capital. Wysa will use this capital to support its offering to employers who want to expand their mental health benefits, as well as scale up Wysa’s sales team and therapist network. [Read more…] about Artificial Intelligence (AI)-enabled chatbot Wysa raises $5.5M to broaden access to mental health support
Teladoc builds out mental healthcare services with myStrength Complete (MobiHealthNews):
Virtual care giant Teladoc is building out its behavioral health services through its latest program, myStrength Complete.
The new offering is designed to give users a single integrated mental healthcare experience. It combines the app-based models of care from myStrength with Teladoc’s on-demand therapists and psychiatrists … The myStrength platform uses evidence-based clinical models such as cognitive behavioral therapy, positive psychology and mindfulness to help treat behavioral health conditions such as depression, anxiety, insomnia and substance use disorder. [Read more…] about Teladoc Health, having acquired Livongo and myStrength, launches integrated mental health service for the workplace
The company has been pushing for more reimbursement of its three marketed DTx products in the US following a first FDA approval in 2017.
Pear said that the Ohio Department of Mental Health and Addiction Services (OhioMHAS) and RecoveryOhio are providing access to Pear’s FDA-approved DTx reSET and reSET‑O, for treatment of substance use disorder and opioid use disorders, respectively. [Read more…] about Ohio joins Indiana and Kentucky in funding Pear Therapeutics’ digital addiction treatments
Covid-19 Pandemic Drives Patients—and Deal Makers—to Telemedicine (The Wall Street Journal):
The coronavirus pandemic has put the once-niche category of telemedicine in the spotlight and is now driving a flurry of deal activity involving virtual health-care providers … Patients have embraced virtual care as a way to stay in touch with doctors for urgent care or chronic care management without risking exposure to the coronavirus by visiting medical offices. Telemedicine visits are typically conducted between a doctor and patient using videoconferencing or a phone call and are used to address minor ailments like colds as well as management of chronic conditions like diabetes. [Read more…] about Debate: How and when will the telemedicine surge reach mental healthcare?
“Startup Big Health believes individuals can improve their mental health through its technology that focuses on cognitive behavioral therapy versus medication or the help of human therapists.
On Thursday it raised $39 million in a Series B financing to advance that objective.
The mental health crisis triggered by COVID-19 is escalating rapidly. One example: When compared to a 2018 survey, U.S. adults are now eight times more likely to meet the criteria for serious mental distress. One-third of Americans report clinically significant symptoms of anxiety or clinical depression, according to a late May 2020 release of Census Bureau data.
While all population groups are affected, this crisis is especially difficult for students, particularly those pushed off college campuses and now facing economic uncertainty; adults with children at home, struggling to juggle work and home-schooling; and front-line health care workers, risking their lives to save others. [Read more…] about Four immediate priorities to flatten the mental distress curve