Lifestance Health Group Inc. CEO and Founder Michael Lester doesn’t see the many digital mental health providers that have flooded into the market as competitors for patients or for staff, Behavioral Health Business reports. That’s because Lifestance does what many in the ever-growing crowd of venture capital-backed digital mental health companies don’t.
“We don’t see the pure-play telemedicine companies as significant competitors,” Lester said, speaking at a session of the 2022 J.P. Morgan Healthcare Conference. “We’re providing care to a little bit higher acuity level of patient; we’re not just taking care of the worried well.”
So many of the new digital mental health companies focus on the “worried well,” as Lester described. These are people that need help working through emotions or coaching through life struggles but are more or less medically sound. Read more.
