Awesome report from Rock Health (in the comments) about H124 digital health funding. ?? Despite broader economic challenges, the digital health sector, including mental health, has shown resilience, raising $5.7B across 266 deals. There is a strong Series A pipeline, tapering off of unlabeled funding rounds and 3 public exits in Q2 2024 indicating a revival in the exit market and a return to more sustainable funding patterns. Key insights about the mental health market: ?? Mental health continues to be the leading clinical indication in digital health funding, securing $682 million in H1 2024. This consistent top ranking highlights the ongoing investor interest and the market's recognition of the critical need for mental health solutions. ?? The focus on mental health is driven by a combination of increased awareness, the rising demand for accessible mental health services, and the integration of tech solutions...?? In fact, AI has become a significant factor in digital health investments, with 34% of the total sector funding going to AI-startups. This trend is also reflected in mental health, where AI is being utilised to enhance diagnosis, personalise treatment plans, and provide scalable, efficient care solutions. Let's go!
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#AmaeHealth advocates for bringing back the most human aspect of healthcare - in-person interaction. Studies show that healing is most effectively facilitated from person to person. Technology should enhance our natural abilities rather than replace them. Understanding tech and our need for human connections is key to successfully adopting new technologies. Learn more about this innovative approach at https://lnkd.in/gkchs3pK #TechCrunch #HumanCentricTech
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Enabler@ DSSG Bespoke Solutions Pvt. Ltd. | New Business Development, Organizational Effectiveness | Columnist in Economic Times, Times of India & Financial Express
Are digital therapies the solution we need, or just a shortcut to avoid real conversations? ??Monday Industry Insights?? In the dynamic field of mental health and personal development, there's an increasing focus on integrating technology to make services more accessible and effective. A recent report by Deloitte highlights a surge in digital therapeutics and telehealth platforms, with global market growth projected to reach $20 billion by 2026. This trend is reshaping how mental health services are delivered, moving beyond traditional therapy models to include AI-driven support, app-based interventions, and remote counseling. As we navigate these changes, it's essential to consider the implications for practitioners, clients, and the overall healthcare ecosystem. ?? Key Question:How do you see technology transforming the future of mental health services? What are the opportunities and challenges in embracing digital innovation in this space? I'd love to hear your thoughts! Drop a comment below. Let's start a conversation on the future of our industry! #IndustryInsights #MentalHealth #DigitalTherapeutics #FutureOfWork #TechnologyInHealth #MondayMotivation"
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Senior executive with multi-state business development and operations expertise. Doctoral Candidate. Focus Area: AI Integration and Workforce Dynamics in Organizations
I’m thrilled to share my latest article published by Inside Business. In this piece, I delve into the revolutionary advancements in mental health technology and what these developments mean for investors. From AI-driven diagnostics to mobile therapy platforms, the landscape is evolving rapidly, offering new opportunities and challenges. Read the full article here for insights on how these innovations are reshaping the mental health sector and what it means for the future of healthcare investment. Read the article https://lnkd.in/gwk7qRZy #MentalHealthTech #HealthTech #InvestmentOpportunities #DigitalHealth #Innovation #HealthcareInvesting
Julio Avael III on Emerging Trends in Mental Health Tech: What Investors Need to Know - Inside Business
https://www.insidebusiness.com
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Check out Servisource's blog on the Top 5 Healthcare trends set for next year! The likes of AI and emphasis on Mental Health are discussed, which are huge issues in the healthcare sector, and will continue in 2024. #ServisourceHealthcare #HealthcareTrends #RightWhenYouNeedUs
Top 5 Healthcare Trends for 2024 - Servisource
https://servisource.ie
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"With years of experience supporting medical professionals, think of me as your career's best advocate, always working hard to ensure you achieve the success you've earned."??????.
?? Health Awareness in 2024: A New Era of Empowerment ?? Today, as we embrace the leap year's rarity, let's leap forward in our approach to healthcare. Health awareness is no longer just about annual check-ups; it's about continuous, data-driven engagement with our well-being. ?? Medication Management: Precision is Key ?? Gone are the days of one-size-fits-all medication regimens. In 2024, we're seeing a surge in personalized medication management, thanks to AI and machine learning. These technologies help tailor drug dosages to our unique genetic makeup, significantly reducing adverse reactions and increasing efficacy. ??? Preventive Measures: Your Health's First Line of Defense ??? Prevention is the cornerstone of modern healthcare. With wearable tech now capable of monitoring vital signs and predicting potential health risks, we're better equipped than ever to take proactive steps. Remember, an ounce of prevention is worth a pound of cure! ?? Data-Driven Health: The Numbers Speak Volumes ?? This year, we've witnessed a monumental shift towards data-driven health strategies. Real-time health data analytics are revolutionizing the way we understand and manage our health, providing actionable insights and fostering a more preventative approach to healthcare. ?? Mental Health Matters: Breaking the Stigma ?? Mental health is finally getting the attention it deserves. In 2024, we're seeing unprecedented levels of support and resources for mental wellness. From corporate mental health initiatives to AI-based therapy apps, the barriers to accessing mental health care are rapidly dissolving. As we navigate through 2024, let's commit to staying informed and proactive about our health. By leveraging the power of technology and data, we can take charge of our well-being and pave the way for a healthier future. #HealthAwareness #MedicationManagement #PreventiveHealthcare #DataDrivenHealth #MentalHealthAwareness
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Been watching the mental healthtech space for 10 years and now wondering what comes next. We've done verticalized healthcare platforms. We've done condition-specific care. We've done therapy practice enablement. We've gone the private pay, employer and payer route. We're trying AI to do some AI things (?) And I can't help but wonder, what will cause the biggest impact? I, for one, think it's orienting towards mental health access policy. For as much as tech has increased access, I do believe we'll still need to focus on and work within the existing healthcare system to make the biggest, and most lasting change. What're your thoughts? Where can we make the biggest changes? #MentalHealth #HealthCare #Policy
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LinkedIn 'Top Voice' | Digital Health > Global Thought Leader | Keynote Speaker | Innovator | Thinker | Doer
Here are 6 Digital Health take outs and personal reflections from the Frontiers Health conference last month: ??AI can be truly empathetic particularly in Mental Health therapy >> While I already believed this, it was nice to see it reinforced although for me the speakers didn’t go far enough, it won’t just augment human therapists it will replace them ??Despite reduced digital health investment the future is bright >> I agree although think we will need to see some changes, the problem with most digital health start ups is they put investors first, but they need to put them last and focus on the stakeholders that actually matter ??Reimbursement models are expanding across markets but risk becoming a fragmented mess >> we see these reimbursement efforts across different European markets, the U.S. and Asia which seems positive but there is no consistency ????The U.S. is also a fragmented reimbursement mess >> On the surface it seems like ‘one big attractive homogenous market’ for Digital Health but multiple private payers, the interplay between private and public funding, and even variation between public funding by state (Medicaid) creates big challenges ??Diabetes and Cancer were called out as emerging areas where digital health tools can offer real value >> I have been calling out metabolic disease recently, but probably have not focused as much on Cancer, such a big and important area - thankfully with increasing investment ????The UK NHS is gradually becoming easier to collaborate with >> once a nightmare, it seems now at least a bit better than a bad dream. Processes to support technology scaling are being implemented versus previously it was just isolated pilots that went nowhere #Digitalhealth #AI #Dtx
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It's fascinating to discover how digital healthcare tech is revolutionizing the way we manage our overall health. Picture this: your smartphone becoming a tool you can rely on to access continuous health support resources whenever and wherever you need them. ??? We are leveraging this tech with a focus particularly on behavioral health. The objective? To bridge the gaps in care and provide real-time support, ensuring no 'white spaces' in your treatment plan thus providing seamless care right at your fingertips.???? Let's address the elephant in the room - the shortage of mental health workforce especially in rural areas. It's a challenge to find specialists and locate mental healthcare providers. That's where in-home therapy, tele-behavioral health, and other digital health solutions come into play. The goal is to offer supportive care where people live and work. ???? Digital healthcare doesn't stop at appointments. It offers 24/7 help through various tools such as chatbots, digital assessments, virtual therapy, etc. ???? The best part? You're empowered to choose the digital healthcare tools that work best for you. Plus, with real-time assessments and advanced innovations, more precise care, better health outcomes and varied support options are accessible to each individual. The way forward is to strengthen access to behavioral support for all, considering the prevalent mental health concerns. Every organization needs to consider this need not only for their employees but also their loved ones. ???? #DigitalHealthCare #BehavioralHealth #Telemedicine #MentalHealth https://ow.ly/SVTA30sCoKO
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https://rockhealth.com/insights/h1-2024-digital-health-funding-resilience-leads-to-brilliance/?mc_cid=8f633c9693&utm_source=substack&utm_medium=email