CodeLaunch Accelerator’s Post

Top 15 Mental Health Startups in the USA | Medicoreach Discover the top mental health startups leading the way in revolutionizing the US healthcare landscape. From innovative technology to groundbreaking approaches, explore how these companies are championing mental wellness. https://lnkd.in/g6Qh9fEP for insights that keep you at the forefront of healthcare innovation. #MedicoReach #MentalHealthStartups #TopMentalHealthStartupsUSA

We made it to the regional final in the Startup World Cup! Looking forward to present how we increase the effectiveness of mental healthcare at Startup Extreme and why it's important to invest more in solving society's biggest health problem 🙏 #mentalhealth #startup

The "require over 25 direct practice hours per week" is A HUGE ONE for me. If you've been following me for any amount of time, you'll know I'm a tremendous advocate for lower and more manageable caseloads 👏 Some of the most common refrains or rebuttals I hear to this is either some form of saying that clinics won't make money if they don't require higher caseloads OR some version of saying that clinicians somehow don't deserve to make a living wage if obscene caseload numbers of 25-30+ per week aren't sustainable for them. What I have to say about that and what I know Megan Cornish, LICSW and others have talked about before is that if you can't afford to pay your therapists a wage that backs the high level of education, training, and expertise they possess without requiring sky high productivity numbers, then you don't actually have a functional, sustainable business model. I know that I personally will never, ever work for a clinic or practice again that requires upwards of 24-25+ billable clinical hours per week, and I know that's a loss for them 🤷♂️

The mental health industry is constantly evolving, and we're always on the lookout for the most promising startups making a difference. Our curated list features companies that are: ✨ Empowering individuals to take control of their mental well-being ✨ Creating safe spaces for open and honest conversations about mental health ✨ Developing personalized solutions that cater to each user's unique needs These startups understand that mental health is not a one-size-fits-all experience, and they're creating solutions that meet people where they are. Read our article here: https://lnkd.in/dqQn2yBr Meru Health Nue Life Health Kintsugi Meditopia Oliva Sööma Mightier Mantra Health Intellect Spring Health Brightline Lyra Health Unmind Modern Health Uwill SonderMind Circles Iris Telehealth Woebot Health Arise moka.care Zeera Eleanor Health Little Otter Wondermind Bicycle Health MentalHappy Workit Health MindLabs Grow Therapy How do you think technology can help destigmatize mental health conversations? 💬 #mentalhealth #healthandwellness #empathy #startups #innovation #tech #entrepreneurship #mentalwellbeing #mentalhealthcare

We're a few years into the grand experiment that is startups and mental health. That means that we've got some data to work with now in terms of what works and what doesn't. Let's do a quick recap on what we know about a topic close to my heart- how to attract and retain clinicians. (Spoiler alert: it's by treating them as valuable professionals.) Founders and investors, take note: These are not the ways to "cut costs." These are the ways to lose your workforce. #mentalhealth #startups #therapists

Startups in the mental health space quickly figure out that therapists can sniff a fake a mile away. (Or they don't figure it out, and they run out of investor money before the revenue kicks in.) Without therapists on board, you're sunk before you launch. That's why I spend so much time on messaging and audits. #mentalhealth #messaging #startups

📣 Huge shoutout to Spring Health, NYC AI-powered mental health startup founded by April Koh, raises its value to $3.3B with a $100M Series E funding round...pretty amazing. 💡 Mental health remains a hot sector for investors, with startups in the behavioral health space securing significant funding rounds. So far in 2024, mental health startups have secured substantial funding, with $682 million raised in the first half of the year, according to Rock Health. This represents the largest funding amount for any digital health sector during the first half of 2024. 📈 #NYC founded mental health tech companies to watch out for in 2024 👀 💲 Mantra Health 💲 Parsley Health 💲 Talkiatry 💲 Ophelia 💲 Grow Therapy 💲 Valera Health ...along with many more 💯 It's great to see the rapid growth of these companies, making a real impact on individuals' well-being. #SaaS #mentalhealth #healthtech Metric Bio

📊 Did you know? Mental health professionals spend up to 50% of their time on administrative tasks. TheraPay Now is here to change that by automating and simplifying these processes. More time for care, less time for paperwork! #MentalHealthCare #HealthcareEfficiency #TheraPayNow #HealthTech #Startup

🔥 🚀 What do I mean by the dark side of the founder journey? In my recent work at PrescribeLife I encountered yet another sad and profound moment with a founder facing the darkest side of startup life: an episode of self-harm. This experience is an unfortunate and timely reminder of the often unseen issues that leaders of startups experience. Just yesterday, a new survey (posted by Amy Lewin at Sifted - thank you) highlighted once again the poor state of founder mental health. As a psychiatrist, a medical expert in the field of mental health medicine, I am used to dealing with self-harm situations within a hospital setting. However, now seeing this frequently occurring in the often superficially glossy world of startups is especially unsettling. Startup life is frequently celebrated for its highs, but we seldom discuss the lows with the same openness. The pressure to succeed, fear of failure, and constant uncertainty can weigh heavily on mental and physical health. To any struggling founders, know you're not alone. There are resources available to help. 👨⚕️ And to Venture backers, please support your founders. They are your star assets and deserve your backing. #founderhealth #vc #mentalhealth #wellbeing

🔵 Mental Health Startups: Steady Funding Amid Growing Demand for Therapy ➡️ Despite a slight tapering off from the 2021 peak, mental health startups continue to attract significant investment as therapy demand grows. Recent trends show a focus on covered care and targeted services. Talkiatry secured $130 million for its psychiatric care platform, while Grow Therapy raised $88 million for its insurance-friendly therapist matching service. ➡️ Other notable investments include Two Chairs’ $72 million for AI-driven therapist matching and InStride Health’s $30 million for pediatric anxiety care. The sector’s growth is driven by increasing mental health spending, estimated at $280 billion in 2020, with over 20% of U.S. adults receiving treatment annually. However, the industry faces challenges, as evidenced by recent controversies surrounding startups like Done and Cerebral, emphasizing the need for responsible practices in mental health care delivery. For startup founders, the mental health sector presents significant opportunities, particularly in areas like insurance-covered care, targeted services for specific demographics, and innovative matching technologies. The steady funding flow indicates continued investor confidence but also highlights the importance of ethical practices and regulatory compliance in this sensitive field. 👌 As demand for mental health services continues to grow, startups that can provide accessible, effective, and responsibly managed care solutions are likely to attract both user interest and investor support. #CapitalStats