The artificial intelligence mental healthcare market is projected to be valued at $11.4 billion by 2030, growing at a compounded annual rate of 37.2 percent from 2023 to 2030, according to a report from Cognitive Market Research.
Behavioral Health Technology
Digital mental health company Spring Health is now valued at $2.5 billion, after raising $71 million in a recent funding round.
Virtual behavioral health startup AptiHealth raised $10.8 million in its most recent funding round, according to an April 5 filing with the Securities and Exchange Commission.
Healthcare platform Zocdoc has added federally qualified health centers to its marketplace; the facilities treat underserved populations regardless of ability to pay.
Artificial intelligence algorithms aimed at reducing suicide risk appear to work, even when they employ simpler methods, according to a report from Kaiser Permanente, the FDA and other institutions.
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Virtual behavioral health company Brightline published a study March 17 on the effectiveness of virtual behavioral health care to address the mental health needs of children and teenagers.
The behavioral health software market is expected to reach $10.13 billion by 2030, according to market research agency SNS Insider.
WebMD has partnered with Therapy Brands, a healthcare IT partner for mental, behavioral and rehabilitative therapy.
Teladoc and Talkspace are grappling with increasingly sluggish growth in their business-to-consumer offerings, including Teladoc's BetterHelp business.
The Department of Veterans Affairs announced 10 winners of its $20 million Mission Daybreak challenge to reduce veteran suicides.