It is estimated that over 40 million Americans suffer from some form of mental illness. Further, over 20% of those seeking treatment are unable to receive it due to a lack of providers, financial considerations, or other barriers. It is estimated
that the cost of mental health care is equivalent to the cost of cancer care. Depression alone accounts for one-third of this cost.
According to the American Psychiatric Association, between $26.3 and $48.3 billion in savings could be realized in annual healthcare costs by integrating early detection and preventative care options for mental health conditions.
As we continue to see advances in Digital Health solutions for care options across the healthcare spectrum, Big Data, and AI are poised to revolutionize how providers approach mental health care. From early detection to intervention strategies to ongoing support, mental health specialists now have a variety of digital tools to help treat and support their patients. This translates into greater mental health care outcomes, reduced sick leave and savings to patients, employers, and payers.
Big data analytics coupled with AI will allow mental health practitioners to finally achieve evidence-based practices in today’s ever-growing data environment. EBM ensures that care providers integrate the most current clinical research evidence available along with their professional expertise and the patient’s values when considering treatment option for care.
Digital health solutions are changing how providers deliver mental health care. From machine learning to identify early disease indicators to telehealth solutions to expand access to treatment, healthcare providers are realizing the benefits of technology. With a continued focus on value care, doctors are intervening earlier to address mental health concerns to avoid acute care scenarios whenever possible.
Early intervention, apps for self-care and telemedicine solutions are offering greater access to mental health care. Healthier mental health options offer to combat stress in the workplace, expanding treatment options to remote areas previously underserved and reducing the need for in-person consultations. These benefits translate into greater mental
health, reduced sick leave and savings to patients, employers, and payers.
Read the Whitepaper – Digital Health Is Changing Mental Health Care