The industry has grown from only talk therapy and medication management to executive coaching, services geared toward children and adolescents, condition-specific treatments, and even psychedelic therapy.
Here are five companies expected to lead the way in the growing industry, according to inc.com:
BetterUp
- Launched in 2013
- Provides online executive coaching, live group sessions, professional leadership-related services and personal growth coaching
- Uses monthly subscription pricing dependant on frequency of sessions
Real
- Launched in 2020
- Provides on-demand online individual and group therapy and weekly mental health education events and roundtables
- Offers monthly payment plans starting at $28/month
Spring Health
- Launched in 2016
- Provides customized mental health plans incorporating counseling, assessments, psychiatric referrals and other mental health services specifically for employees
- Patient’s first 10 sessions are free, after that, covered by their insurance
Brightline
- Launched late 2020
- Available only to California and Massachusetts; will launch nationwide by the end of the year
- Connects children and teenagers with therapists, coaches and psychiatrists, and provides on-demand chat and speech therapy
- Can be covered by insurance; out of pocket prices start with a $270 initial evaluation, followed by sessions ranging from $60 to $190 depending on therapy type
MindMed
- Launched in 2019, but still developing as of May 2022
- Utilizes and develops psychedelic treatments and therapies to treat a variety of mental health conditions
- Pricing to be determined