Behavioral Health Technology

Digital health funding for mental health startups has dropped significantly this year, according to a quarterly report from Rock Health.

The expansion of telehealth services for opioid use disorder treatment during the pandemic made treatment more accessible and lowered the likelihood of overdose, a study published Aug. 31 in JAMA Psychiatry found. 

Healthcare navigation platform company Rightway launched its partner program RightwayHub, a platform designed to make finding comprehensive care easier for members.

Noble, a mental health app, launched a service designed to help physicians better treat and monitor patients who need support.

Sensate raised more than $1 million in funding for its stress management device in an investment round. 

Tech startup Happy Health raised $60 million in funding for its ring designed to measure stress and mood. 

Digital medicine company Akili raised more than $163 million by combining with public trade acquisition company Capital Survetta Holdings.

The mental health app market is projected to be valued at $9.9 billion by 2028, an increase of about 240 percent from 2021's value of $4.1 billion, according to a report by Vantage Market Research.

Measurement-based care has been shown to produce better outcomes than usual standard care, which does not involve measurement. But multiple studies have shown a majority of behavioral health clinicians still do not use measurement-based care.

Text-based mental health support provider HearMe and healthcare staffing firm Ingenovis Health partnered to create a free support system for travel nurses available 24/7.