Digital health services have exploded since the onset of the COVID-19 pandemic, and behavioral health services have seen large increases in utilization.
Prior to the pandemic, telehealth visits for mental health or substance use disorder represented less than 1% of outpatient visits, but by mid-2020 nearly 40% of telehealth outpatient visits were for mental health or substance use.
Behavioral health is the highest-funded clinical indication within digital health, and digital behavioral health companies raised $1.7 billion in the first three quarters of 2022, reports Sheppard Mullin Richter & Hampton.
Investments in behavioral digital health services have the potential to transform the healthcare system in several key areas. Read more.
