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The Business of Mental Health

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Date
2021-04-26
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Arizent
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Abstract

When the pandemic hit, the need for mental health care increased, just at a time when the system was not functioning well. A shortage of licensed providers along increasing need caused a floundering industry to become vulnerable to disruption. The increase in demand was partly due to the pandemic, but also caused but further acceptance of mental health care, the opioid crisis, and the growing acceptance of tele-health and CBT solutions. As these digital disruptors entered the field, they took aim at EAPs and caused many companies to re-evaluate what they had to offer employees and family members.

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When Crisis Meets Opportunity -- A Mental Health System in Need of Reform -- VC-backed Companies Take Aim at EAPs -- High Quality EAPs and Workplace Mental Health -- The Future of EAPs and the Mental Health System
Description
COVID-19 has impacted businesses of all types, none more than the business of mental health care. Prior to the pandemic, one in five adults experienced a mental health issue each year and one in twenty-five adults had a serious mental condition. Now 47% of Americans report negative mental health effects due to the disruption and isolation of the COVID 19 pandemic. We know that counseling and mental health care helps, but an average of 70% of those who need it fail to access care because of stigma, provider shortages and systemic delivery system access problems.
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National Behavioral Consortium
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Attribution-NonCommercial-NoDerivatives 4.0 International
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