The Mental Health Industry is Braced to Embrace our "New Normal"

Written by joshlee | Published 2020/10/22
Tech Story Tags: mental-health | startup-mental-health | technology-and-mental-health | covid-19-and-the-new-normal | telehealth | telemedicine | startups | latest-tech-stories

TLDR There are over 577,000 mental health professionals, while there are only 25,250 psychiatrists. Mental health needs a standardized protocol provided for physical treatment. Mindstrong is looking to become the ER for severe conditions by capturing digital biomarkers that can monitor for changes in mood and cognition. The average annual salary of mental health therapists in California is $63k, which is a bit more than half what an entry-level engineer will get in Silicon Valley. Meanwhile, the psychiatrists cost users $500 for initial visits, making it highly unaffordable to many users.via the TL;DR App

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Written by joshlee | Investor @PascalCapital, formerly @Google and @TripAdvisor. Interested in mental health & blockchain
Published by HackerNoon on 2020/10/22