Behavioral Health Business May 3, 2022
With $5 billion of investment in 2021, digital mental health is a startup hotspot.
However, the sheer volume of offerings can make the sector difficult for enterprise customers to navigate, according to industry insiders speaking at the American Telemedicine Association conference Monday.
“Most employers are bombarded with tons of point solutions,” Chris Wasden, chief strategy officer at digital therapeutics developer Happify Health, said.
Other industry stakeholders familiar with the space agree with those sentiments.
But moving forward, digital mental health M&A is poised to streamline offerings to employers and make care paths easier for patients, according to Katie DiPerna, SVP and head of B2B partnerships at mental health provider Headspace Health.
“If you think about it from the buyer’s perspective,...