Generation Investment Management’s Post

Aon published a study this week showing that a Fortune 500 Lyra Health customer saved more than $3 in health care costs for every $1 they spent on Lyra. This is a staggering return on investment. Lyra can deliver the highest value in mental health care because it delivers the best outcomes in the field, having tirelessly invested time and expertise in creating the best care available. This blog is a follow-up from the one I wrote a couple months ago showing that Lyra can also prove sustained savings over four years. Proud of our team for all that they do to help those in need and proving that what’s best for people can also be best for business’ bottom lines. https://bit.ly/4fopHoX 

"Addressing this crisis requires growing our mental health workforce". This article outlines a number of very good strategies to strengthen the mental healthcare workforce. I would add the following: 1) Protect the exisiting workforce against #burnout 2) Equip the exisiting workforce with technology so that they spend most of their productive time with people rather than with admin tasks. 3) Use the same principles we use in Managed Healthcare and apply them in mental health, among them, deriving people to the most appropriate level of care, somewhat provoking specialization but also releasing time from those that can take the most complex cases etc. Although it is beyond the scope of this article, I would also hightlight the importance of reducing demand... and not only interventions at the supply level. I trust we can engage into conversations that lead to improvements in mental health of populations across! Feel free to comment and share your ideas. We need out-of-the-box solutions, especially in #mentalhealthcare!

I’m proud to share that Spring Health has the first net ROI performance guarantee in mental health care. For every dollar spent on Spring Health’s clinical care services, customers save more than a dollar on overall health plan costs. Guaranteed. While many mental health solutions tout ROI and savings, none have demonstrated cost savings and clinical outcomes across multiple customers and populations using credible independent validations and financial guarantees. Spring Health leads the industry with unmatched transparency and accountability by using customer-specific data and true costs, while guaranteeing both clinical and financial outcomes.  Learn more here: https://lnkd.in/eESDUZFq

Ensuring that people feel better—and stay better—is the ultimate goal of high-quality mental health care. Unsupported and under-supported people with mental health conditions drive a lot of medical spending—a tremendous burden for both employees and employers. While members’ lives improve through Lyra’s life-changing care, employers feel the impact through greater employee satisfaction, retention, productivity, and so much more. https://bit.ly/3SQVYvl #MentalHealth #ROI #EmployeeWellbeing #WorkplaceWellness

Designing to support mental health is especially significant for the healthcare industry. As the patient care journey shifted during and after the Covid-19 pandemic, supporting mental health, fostering trust, and mitigating stress became especially important, read our insights on designing for mental health for healthcare spaces: https://bit.ly/3QMQUaf #Corgan #CorganHealthcare #MentalHealth #MentalHealthAwareness

Very interesting to see these trends. Stress is down and yet serious mental health issues are on the rise📉📈 ✨ I’m so glad to be a part of the Lyra Care DBT program (coming up on my 1 year work anniversary!) ✨ The Lyra Care Dialectical Behavior Therapy (LC-DBT) program is a very rare place indeed. Clients who need intensive treatment, including those whose suicide risk makes it hard to find a therapist, can build a life worth living, well supported by our team within COMPREHENSIVE DBT! 🥹 If you are not familiar with Dialectical Behavior Therapy, Comprehensive DBT might not mean much to you, but to those clients who have benefited from this approach, it can mean everything. But what does Comprehensive DBT actually mean? ✅Having a therapist who is DBT trained AND participates in a DBT consultation team ✅Particiating in a weekly DBT skills group ✅Having access to between-session phone coaching to generalize skills DBT is the gold standard for helping clients build skills that can transform their lives. When you add in Lyra’s incredible digital resources, you can see measurable improvements in mental health symptoms faster than you might think!🫶🏻 Severe mental health needs are on the rise. We need to push for increased access to intensive approaches that match clients’ needs. The right approach can make all the difference.

The alarming statistics from the latest MHC 2024 key findings highlight the urgent need for comprehensive and accessible mental health care in the U.S. Addressing these challenges requires a holistic approach that integrates mental, physical, and social health. Advanced technology, like AI and data analytics, can bridge gaps in care by offering personalized, coordinated, and affordable solutions, making it easier to create new pathways for support and treatment. At Kbrax, Inc. , we're at the forefront of this transformation with our CompleteCarePlatform®. This platform integrates mental and physical health with social support, ensuring that every individual's journey to wellness is met with cutting-edge technology and compassionate care. Discover more in our latest blog: 2024 Mental Health Crisis: The Essential Role of Technology in Future Care https://lnkd.in/gkf4PaMV

This is an important report with shocking findings from a survey of 3,400 employees. We need to do more and do better for mental health: ● 55 percent of U.S. employees reported they supported a child in their care under 18 who struggled with their mental health in 2023, more than double the percentage of workers who said the same the year prior ● One in four U.S. workers said their mental health declined in 2023 ● 65 percent of U.S. employees reported that their mental health impacted their ability to do their jobs in 2023, a 35 percent increase from 2020 ● 7 percent of U.S. employees reported that mental health stressors prevented them from working on one or more occasions this year, a 75 percent increase from 2022 ● 46 percent of U.S. employees reported their mental health challenges made them less focused at work, and 36 percent said they were less productive ● 35 percent of UK employees and 34 percent of employees in Canada reported their mental health declined in 2023, the steepest decline amongst the seven countries surveyed

🚨📈 Our fourth annual 2024 State of Workforce Mental Health report has arrived! For the first time, we expanded our reach globally, engaging with 250 benefits leaders and 3,400 employees across the US, UK, Brazil, Canada, Germany, India, and Japan to gain a better understanding of the real mental health and well-being challenges faced by organizations, business leaders, and workers. The study finds that COVID-19's delayed trauma response is taking a growing toll on workers' mental health worldwide, with the majority of employees across the surveyed countries experiencing at least one mental health issue in 2023. Our report is jam-packed with the data and expert insights HR and benefit leaders need to cultivate a more mentally healthy workforce. https://bit.ly/3v7HOwY #StateOfWorkforceMentalHealth #MentalHealth #WorkplaceWellness

Mental Health is a Workplace Issue! Check out the global well-being challenges found in Lyra's analysis of data from over 3,400 employees across seven countries and those 250 benefits leaders and input from mental health professionals, advocates, labor experts, and HR leaders.