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Delivering clinically proven mental health care for employees

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Healthtech Startup Stories

Delivering clinically proven mental health care for employees

More than 70% of those who require care don’t receive it, despite the fact that almost 1 billion people worldwide suffer from mental health disorders.

According to WHO, 15% of working-age persons have a mental condition. Without adequate assistance, mental illnesses and other mental health issues can have an impact on a person’s ability to work successfully, ability to manage absences, and ease of retaining or obtaining employment.

Depression and anxiety alone cost the world 12 billion working days annually. Furthermore, despite the fact that employment is crucial for healing, those with serious mental illnesses are frequently barred from it. Families, caregivers, coworkers, communities, and society at large can all be impacted by mental health issues. Each year, depression and anxiety cost the global economy $1 trillion in lost productivity.

Businesses have also realized that supporting employees’ mental health and wellness may cut expenses overall and boost morale. Employees want greater mental health benefits as well, a good percentage of them want assistance with stress, burnout, and other mental health problems.

Lyra, a US-based startup, is delivering clinically proven mental health care for employees and family members across all facets of mental health, from wellness and preventive care to the most severe conditions. The company claims to deliver comprehensive and culturally responsive mental health care for organizations and their employees and families,

The company is using technology to match people to high-quality providers and treatments that are effective, convenient, and personalized to their needs. Using machine learning, sophisticated algorithms, and its curated network of providers, Lyra’s solution includes different care options that support the diverse needs of its customers’ workforce.

Lyra connects members to an exclusive network of evidence-based providers, mental health coaches, digital wellness tools, and personalized medication programs. The therapists practice evidence-based therapies, like Cognitive Behavioral Therapy (CBT), and are available for appointments in just a few days.

Lyra Health, according to reports, has raised a total of $910.1M in funding over 8 rounds. Their latest funding was raised on Jan 2022 from a Series F round.

To know about such innovative solutions and for partnership opportunities please write us at open-innovator@quotients.com

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Streamlining healthcare at home

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Streamlining healthcare at home

Healthcare services for patients within their own homes can empower patients to take control of monitoring their illnesses and enhancing their health outcomes. Patients healing from serious injuries, elderly, and receiving complex medical treatments can opt for home medical care preventing frequent hospitalizations or emergency room services.

This type of care can not replace hospital care but can help decrease the burden on healthcare systems and the costs of hospital care. Tomorrow Health, a US-based startup enables exceptional healthcare for patients and their families at the home. By partnering with payors, referring providers, and home-based care suppliers, the startup streamlines the home-based care process to elevate the patient experience.

Its data-driven marketplace matches patients and their families with high-quality home-based care suppliers and simplifies ordering and insurance processes and offers high-touch support at every step. The company claims to match patients with suppliers spanning 40,000+ products and services and considers quality, specialization, insurance coverage, and geography in its technology-driven matching process. As a fully integrated solution, Tomorrow Health tracks and manages every step of delivering at-home care, from prescription to insurer billing to fulfillment, streamlining processes for every stakeholder, including:

The startup has partnered with more than 125 leading health plans and hospital systems nationwide. Powered by transformative technology, Tomorrow Health delivers value within weeks, the patients need to place orders via phone or via fax. The order is routed to the best home-based care supplier for patients’ needs. It leverages advanced analytics and machine learning to digitize clinical, health plan, and compliance data to connect the patient, supplier, and insurers. With this, it is able to provide a better member experience, with faster discharges and readmission reduction.

Tomorrow Health has also recently closed a $60 million Series B round, bringing its total funding to date to $92.5 million.

To know about such innovative solutions and for partnership opportunities please write us at open-innovator@quotients.com

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Precision medicine and AI together might completely transform the medical industry

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Precision medicine and AI together might completely transform the medical industry

Precision medicine or precision health, also called personalized medicine, helps medical professionals find an individual’s unique disease risks and treatments based on his unique biology and life circumstances. Precision Health focuses on predicting, preventing, and curing disease before it strikes.

This approach is a fundamental shift to care that empowers people and allows doctors and researchers across medical disciplines to determine the best care for each individual patient; identify disease mutations in patients with undiagnosed conditions. It also helps avoid serious side effects from medications and takes into consideration genetic risk factors.

To provide personal, comprehensive, and effective care, precision health starts with a comprehensive consultation where the current health status, medical and family history, personal health objectives, etc are discussed. With this biometrics, and other functional and physical examination is done to diagnose any diseases or conditions, and to identify their root causes. Comprehensive lab tests are also done and detailed results are studied to gain an even better understanding of the patient’s health profile.

Precision healthcare providers then develop an exhaustive plan customized to the patient’s unique needs. The medical plan addresses the current disease or illness, the root cause of the disease, and reversing any factors that give rise to the disease. Drivers of imbalances in the body’s biological systems, physiological processes, assimilation of nutrients, inflammation or energy production, etc are also taken care of. Multimodal strategies concerning lifestyle factors like diet, nutrition, exercise, and stress management are also adopted to optimize health and improve a patient’s health Regular monitoring is also done to assess progress and evaluate the effectiveness of the care plan. A full reassessment of each patient is also done yearly like a physical and functional exam, biometric measurements, and lab tests.

Precision medicine and artificial intelligence (AI) working together might completely transform the medical industry. Precision medicine techniques isolate patient phenotypes with less frequent responses to therapy or particular medical requirements. Through the use of complex computing and inference, AI helps to develop insights, allows the system to reason and learn, and enhances clinical decision-making. Recent literature suggests that translational research examining this convergence will aid in resolving the most challenging issues facing precision medicine, particularly those where nongenomic and genomic determinants will facilitate personalized diagnosis and prognostication along with data from patient symptoms, clinical history, and lifestyles.

Verily, a subsidiary of Alphabet is using a data-driven approach to change the way people manage their health and the way healthcare is delivered. Launched from X in 2015, Verily relies on the increasing ability to use the power of technology to create new tools to generate evidence, new infrastructure to handle data, and new business models that can deliver on the promise of precision health. It generates and activates data from a wide variety of sources, including clinical, social, behavioral, and the real world, to arrive at the best solutions for a person based on a comprehensive view of the evidence. The company for this uses its recognized expertise and capabilities in technology, data science, and healthcare to enable the entire healthcare ecosystem to drive better health outcomes.

Reach out to open-innovator@quotients.com to know more about open innovation updates, programs, and collaboration opportunities.

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Cityblock working to provide healthcare for lower-income groups

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Cityblock working to provide healthcare for lower-income groups

Social factors like education, employment status, income level, gender, and ethnicity have a marked influence on the health of a person. There is evidence of wide disparities in the health status of different social groups. Individuals with lower socioeconomic positions are at a higher risk of poor health.

Cityblock, a US-based healthcare startup, is working on providing community-based care to most underserved communities. The company works with insurance companies to provide in-home, community-based, and virtual care at no extra cost, including no copays. The startup partners with community-based organizations and health plans to deliver services virtually, in-home, and in their community-based clinics. Modern technology is at the core of the model, with custom-built tools to support every facet of care team operations and member interactions. Cityblock currently serves 70,000 members in New York, Connecticut, Massachusetts, and Washington, DC.

Launched in 2017 out of Alphabet’s Sidewalk Labs, Cityblock offers a personal care team for each patient encompassing primary care, mental health, social services, pregnancy care, and urgent care. It also offers safe housing, food security, and childcare support, working with local shelters, housing agencies, and food pantries along with medical support.

Cityblock is building its solutions on a modern technology stack with an orientation toward impact. The integrated care teams include doctors, nurses, advanced practice clinicians, behavioral health specialists, licensed clinical social workers, and community health partners, and leverage close partnerships with existing healthcare providers and community-based social services organizations.

Cityblock started with a partnership with EmblemHealth, one of the largest nonprofit health plans in the US, and is now teaming up with MDwise. Recently, the company has raised nearly $900 million and has a valuation of around $6 billion, according to media reports.

Cityblock said in a press statement that it is confident that its team has the potential to scale to serve millions of people across the country in new and better ways. The startup believes that new models of care delivery, rooted in preventative care and augmented with social services, are one major path forward to righting the injustices in the healthcare system. This starts with extending changing payment models to create sustainability for primary care providers and building technology to democratize access to the care models.

Reach out to open-innovator@quotients.com to know more about open innovation updates, programs, and collaboration opportunities.

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