Adam Dole

What happened in mental health last week? ⏺ The Biden administration announced a rule to strengthen mental health parity, ensuring equal coverage with physical health care ⏺ Wundrsight Health raises $400k from Inflection Point Ventures for their VR digital therapeutics ⏺ Lyra Health expand their Lyra Complex Care program by offering nationwide access to Lyra Renew for alcohol and substance use disorders and Lyra DBT (Dialectical Behvioural Therapy) ⏺ The Digital Therapeutics Alliance issues their comment letter in response to the CMS’ 2025 proposed physician fee schedule. If you are in the DTx space, you need to be on top of this. ⏺ Doctorpresso, a Korean company, launched REDI, a voice-based diary app designed to detect depression by analyzing voice characteristics ⏺ maze impact announced their funding of Miinta, a Whatsapp based psychological support for Gen Z ⏺ The Australian government has committed to imposing an age limit on social media (despite push back from many major mental health research organisations) ⏺ Mindset Health published the results of their RCT, showing very impressive results for their app-delivered gut-directed hypnotherapy (not quite mental health but super interesting) (Links in the comments) __ If you liked this and want insights on the mental health industry in your inbox every week, subscribe to The Hemingway Report newsletter and follow me Steve Duke 📩 #mentalhealth #behaviouralhealth

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AI Voice Interactions: From Sci-Fi to Reality - The Future of UX? Don’t think AI is going to drastically change things? Take a quick read/listen to this article by Ethan Mollick and his experience with ChatGPT Voice. The ease of the voice conversation is something right out of Star Trek. Most of us have only experienced mediocre to terrible voice AI.  There doesn’t appear to be any reason something like this won’t replace all the super annoying call center voice prompts at the very least. But it will be exciting to see how it really revolutionizes human computer interaction. Seems likely we will be reimagining UX to include some form of voice interaction in the coming years (months?). #AIVoice #UXDesign #FutureOfTech #InnovationInTech #AIRevolution

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Someone broke down the estimated costs of a $15 Sweetgreen salad. We need these cost graphics for digital health to help future founders. Especially for tech enabled cos, the greatest cost is labor. Much of the "value created" is in curation and matching, which means the gross margins are reliant on labor arbitrage. Pay someone $X, but get paid $X+Y% per visit. The challenge with healthcare is that you often have to pick one of two business models: 1. specialized, low volume, high cost, low gross margin % 2. generalized, high volume, low cost, high gross margin % I'd argue founders should focus on gross dollars over the lifetime of the customer (like Jeff Bezos said) instead of gross margin %'s, but we'll leave that for another time. The challenge is that many tech enabled digital health cos have high cost of goods sold (labor) and moderately high product, design, and engineering budgets. We must build differentiated solutions for patients, clinicians, and clients to be out incumbents, however, we're realizing that companies are ultimately valued on the discounted value of future cash flows. And the high SG&A costs at most organizations might be inbalanced to the unit economics of the business. I'm not sure the math pencils out for everyone unfortunately. But I'm just a guy on the internet, would love to hear the thoughts from those smarter than I (you!). Comment below. --- p.s. I have no idea the accuracy of the graphic and not an investor in Sweetgreen. Cheers. Credit: David Crowther

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In this Episode of #MyFriendsAreAwesome, I introduce to you Troy Jones Jr., MBA Co-Founder of StatusPRO.

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Join me Thursday, May 9 at 9amET, and Microsoft for Startups company founders, Stead Burwell, Lana Feng, Ph.D. Andrew Gostine, MD, MBA and Ankur Teredesai for a lively, *real-world* conversation about applying #AI to improve #healthcare. In addition to hearing these leading #innovators discuss the challenges, value, and future of AI, you'll learn how: 💲 Outbound AI uses AI to improve #RevenueCycleManagement 💊 Huma.AI uses #GenAI to provide meaningful and actionable #insights for #lifesciences companies 🛌Artisight uses #AI and #cognitiveservices to streamline #patientcare and #safety 😷 CueZen uses #AI and #GenAI for hyper-personalized management of #chronicconditions 👉 Registration is below. Stelios Hatzakis Tony Kountz Derek Haynes Bethany Cordes Tom Davis Ted Roduner Microsoft for Healthcare

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