4X growth in 5 years: Why investment in Mental and Behavioral Health is exploding
If you’re an investor, a digital health company, or a healthcare provider, then this conversation about the meteoric growth of mental health and behavioral health technologies is especially relevant for you.
We’re inviting you back for a bit of our weekly Partner meeting. In honor of National Mental Health Month, we’re taking a look at:
How we’re using these mental health and behavioral health apps in our business;
What some of our mental and behavioral health clients are doing;
3 ways the market is growing and changing; and
What’s driving this transformation.
_____Contents of this video______
01:00 How we’re talking internally with our team about mental health
01:28 4X industry growth since 2015, plus we discuss some specific examples like Talkspace, Calm, and one of our clients closing a $100M round this spring, and compare those to the investment and growth scene in 2015.
02:47 How this industry growth ties into the number of startups and pace of acquisitions
03:00 Three categories of of growth to cover, starting with 1) Specialty Telemedicine companies and how they serve specific markets—including examples like Ginger, Hurdle, Folx, and apps targeting eating disorders
04:45 How the pandemic paved the way for behavioral health, with commentary on autism support and opiate and substance abuse
05:15 Category 2) is the integration of Behavioral Health into traditional physical health platforms, including what’s driving this and how it impacts value-based healthcare
06:53 Category 3) focuses on how Behavioral Health is being delivered in nontraditional ways and how that’s changing the landscape
07:50 Recap of the 3 categories and why there is a lot of venture capital to be invested
What does this mean for your healthcare business?
You’ll learn a lot in this short conversation about the overall trends in mental and behavioral health impacts healthcare delivery, and you’ll probably get some great ideas for your business. However, because this video is for informational purposes, we can’t offer you specific legal or strategic advice in the comment section.
However, if you want more information on building, scaling, or investing in a mental or behavioral health business, we’re ready to talk with you.