Fivebase’s Post

Addressing mental health inequities is not just a moral imperative but also a significant economic opportunity. The U.S. stands to save nearly half a trillion dollars in avoidable costs by 2024 if we address disparities in mental health access and outcomes. This figure could escalate to $1.3 trillion by 2040 if left unchecked. The data highlights that a large portion of these costs stem from premature deaths and productivity losses, particularly in underserved populations. Plus, the overutilization of EDs for mental health crises—often due to inadequate access to appropriate mental health services—adds billions to the healthcare system's burden. What stands out is the intersection of mental and physical health. Untreated mental health issues exacerbate chronic conditions like diabetes and hypertension, driving up healthcare costs substantially. By tackling these inequities, we could significantly reduce excess care costs and improve overall health outcomes. As someone deeply invested in the intersection of technology and mental health, I am optimistic about the potential solutions that lie ahead. Advancements in telehealth, data sharing, and interoperability are paving the way for more accessible and effective mental health care. By leveraging these technologies, we can empower consumers who currently lack access, enhance disease prevention and detection, and ultimately bend the healthcare cost curve. The call to action is clear: We need a concerted and cross-sector effort to disrupt the current trajectory of mental health expenditures. Employers, healthcare providers, and policymakers all have a role to play in this transformative journey. Together, we can create a more equitable and efficient healthcare system that benefits everyone. #MentalHealthEquity #HealthTech #HealthcareInnovation #FutureOfHealthcare #MentalHealthMatters #ValueBasedCare https://lnkd.in/eTKhpKiH

Mental Health Inequities Could Cost $1.3 Trillion by 2040. How Can We Prevent This?   The recent Deloitte report highlights a stark reality: mental health inequities are costing the U.S. $477.5 billion annually, potentially rising to $1.3 trillion by 2040. This alarming trend underscores the urgent need for innovative solutions to improve mental healthcare access and reduce associated costs. Read more about the report: https://lnkd.in/g2ayZ8VG   At #CliniComp, we are committed to supporting the behavioral health setting with solutions that provide a holistic patient view, enhance the continuum of care, and lower the cost of ownership. By integrating behavioral health with primary care, we can ensure informed clinical decisions and better patient outcomes.   Our #veterans, who have sacrificed so much, must not be forgotten in this mission. With advanced tools and seamless data integration, CliniComp empowers healthcare providers to deliver comprehensive, timely, and effective mental health care to our veterans, ensuring they receive the support they deserve.   Together, we can address mental health inequities and create a healthcare system that prioritizes wellness and prevention, ultimately benefiting everyone.   #MentalHealthAwareness #PTSD #VeteranCare #HealthcareInnovation #DataIntegration #BehavioralHealth

In a recent article from MedCity News, leaders in the mental health space share necessary insights regarding the need to transition from prioritizing #access to #outcomes for digital health solutions. We couldn't agree more, ESPECIALLY when it comes to solutions made specifically for children. 👏 Megan Jones Bell, clinical director of consumer and mental health at Google sums up the need for a shift in priority, stating: “I think we’ve made a big step forward in the access piece. We know that at a population level, more people are getting access to mental health care. But the outcomes are not improving. I think we’ve forgotten a bit about that second piece.” Employers and health plans play an important role in this shift as well and can seek solutions that offer validated outcomes and track progress for all users. Together, we can all help to make the digital mental health space truly effective and impactful. 💪 Thank you to all contributors for your valuable insights: Nikole Benders-Hadi, M.D., Anthony Sossong, MD, Jenna Carl, PhD, Yavar Moghimi, MD How Do We Know If Digital Mental Health Solutions Are Effective? - MedCity News https://bit.ly/3SPp1jm #digitalhealth #mentalhealth #medicaid #employers

As we look ahead to next year, the Business Group on Health’s forecast on 2024 Healthcare Trends to watch reveals that a top priority for healthcare is managing substance use disorders and keeping mental health in check. These numbers in BGH’s analysis are worth mentioning. -8 out of 10 employers report increased utilization of their mental health services in recent years -A 2023 Gallup Poll found that depression rates are at an all-time high, and employers are working to keep up with the need for patient support and care by expanding offerings within their plans and programs -Employers are also growing increasingly wary of child and adolescent health for their employees and are looking to expand their resources for mental healthcare to these subcategories More and more vendors for these services will be expected to deliver a comprehensive package that addresses this global need for increased healthcare. Pelago is ahead of the curve, but we must unite to tackle the crises in the bullet points together. Read BGH’s full Trends Report below: https://lnkd.in/gabwXKqS #HealthTrends #EmployeeAssistance #MentalHealthcare #SubstanceUseDisorders

It is SO necessary to stop saturating the market with digital mental health solutions that don't offer validated, clinical outcomes. The industry at large must do better and offer solutions that are proven effective. This is one reason I'm so proud to be working with the incredible minds at Mightier. Our team prioritizes outcomes in everything we do and the solution itself was clinically validated through Boston Children's Hospital and HMX – Harvard Medical School. #outcomes #digitalhealth #mentalhealth

A recent report from Deloitte Health Equity Institute and Meharry Medical College highlights the enormous economic impact of mental health inequities, projecting costs to reach nearly $14 trillion by 2040. Looking beyond the numbers, this is about real people facing compounded challenges due to inequitable access to mental health care. Driving equity in our policies and practices paves the way for drastically improved health outcomes and significant cost savings. #HealthEquity #MentalHealth #Access #HealthOutcomes

The impact of inequities in mental healthcare are felt far beyond the devastation to individual lives—these inequities can cause economic harm by perpetuating a cycle of chronic illness, reduced productivity, and heightened healthcare costs. These inequities, if unaddressed, may cost in excess of $14 trillion in the US. #MentalHealth #MentalHealthAwareness #HealthEquity

Breaking the Silence: Combatting Mental Health Stigma in Healthcare Settings Introduction: Mental health stigma remains a pervasive issue, even within healthcare settings. Let's explore strategies for promoting awareness and support to address this challenge head-on. Understanding Mental Health Stigma: Define mental health stigma and its impact on individuals seeking care. Highlight the prevalence of stigma in healthcare settings and its detrimental effects on patient outcomes. Challenges in Addressing Stigma: Discuss common barriers to addressing mental health stigma in healthcare, such as lack of education, cultural misconceptions, and fear of discrimination. Promoting Awareness Among Healthcare Professionals: Provide education and training programs to healthcare professionals on mental health awareness, stigma reduction, and compassionate care. Encourage open dialogue and create safe spaces for discussing mental health issues among healthcare staff. Implementing Patient-Centered Support: Develop patient-centered approaches that prioritize mental health support and integrate mental health services into primary care settings. Offer resources such as support groups, counseling services, and peer support networks to patients experiencing mental health challenges. Utilizing Technology and Telemedicine: Leverage technology and telemedicine platforms to increase access to mental health services, especially in underserved communities. Promote mental health awareness campaigns through social media, websites, and mobile apps to reach a wider audience. Empowering Patients to Speak Up: Encourage patients to share their experiences with mental health openly and without fear of judgment. Foster a culture of empathy, understanding, and acceptance within healthcare settings to empower patients to seek help when needed. Collaborating with Community Partners: Forge partnerships with community organizations, advocacy groups, and mental health professionals to create comprehensive support networks. Coordinate efforts to reduce stigma, increase awareness, and improve access to mental health resources both within and outside healthcare settings. Conclusion: By implementing these strategies and fostering a culture of support and understanding, healthcare settings can play a crucial role in breaking down mental health stigma. Together, let's create a future where mental health is treated with the same importance and compassion as physical health. #healthcare #nhs #mentalhealth

🔍 Explore the impact of evidence-based mental health programs on employee well-being and costs with this Lyra Clinical Research study. The study delves into the financial and utilization data of employees from four companies eligible for a Workforce Mental Health Program (WMHP). The findings reveal lower medical and prescription drug spending for WMHP users. This study sheds light on the benefits of investing in evidence-based mental health care for a more productive workforce. View the full study 👉 https://bit.ly/3MQ2dMA. #WhyLyra #MentalHealth #EmployeeBenefits #ClinicalResearch