“Every year around 50 million people suffer from mental illness in the United States.” In addition, there are nearly 5 million children in the U.S. who have some type of mental illness.” The biggest hassle isn’t treatment but it’s access, the statement by Lyra Health.”
The mental health of parents and kids is likely to be connected. It is connected with the emotions of each other. Watching your kid suffering from mental illness is really difficult for any parents. It affects their mental health stability too.
Especially after the pandemic, the situation is out of control. And, both the parents and kids have faced mental health issues.
To quickly fix this, Lyra health came up with new solutions as they are already in the game to help people get out with mental health disorders.
And now they expand their care facilities for kids and families as well.
Lyra health’s journey from scratch to becoming the leading shareholder of the market
Lyra is at the frontier to defend and counter the situation and solve issues. The company was established in January 2015 by David Enersman, former CFO of Facebook and Genentech.
The company is highly focused on employee wellness. We are transforming behavioral health care through technology with the human touch- said the company.
Around 180 dominant companies have partnered to offer mental health advantages for their employees including Facebook, Pinterest, and Starbucks by providing 4.5 million users access to life-changing care, according to the company.
The company has raised around 680 million to date, according to the report of Fierce healthcare.
In addition, a recent update of the company is that they have completed a $235 million funding round led by Dragoneer including a salesforce venture and existing investor, according to the company.
The company can use the fund for making better care facilities that offer different mental health care options which include family care, personalized care, specialized care, and care for the global workforce.
Using modern technology, companies are decoding mental health care issues and upgrading their care service like Lyra therapy, Lyra mental health coaching, Lyra blended care therapy and the list goes on and on.
Today, Lyra Health is the leading provider of mental health solutions for the global workforce. And now they are looking forward to taking action against rising childhood mental health conditions which are more serious for upcoming generations.
So, let’s see what solution they have brought for childhood’s poor mental health conditions.
Children’s poor mental health needs attention: What has Lyra brought for them?
According to the data from the Centres for Disease Control and Prevention, “Nearly 1 in 5 children suffers from mental health illnesses, behavioral mental health disorder.”
A recent study found that the prevalence of mental health conditions like depression, anxiety, and symptoms in children and teens has doubled since COVID-19.
“Traditional approaches to childhood mental health care have failed our kids, as well as their parents and caregivers,” said Dr. Connie Chen, chief operating officer of Lyra Health.”
Mental health crises are at their peak. “The study found that from march 2020 to October 2020, 24% of children aged 5 to 11 visited a mental health-related emergency department.”
At the moment, it has been difficult for families to find specialists to practice evidence-based care.
As a result, Lyra has come up with modern care facilities for family mental health care.
- More than 3000+ specialized providers for children 0-17 in the U.S.
- Therapy for teenagers
- Coaching programs for parents and caregivers
- Personalized care navigation for Austin spectrum disorder
- Skill building and mental health coaching support for parents
According to the company’s press release, the entire bag of solutions for families will be available in 2023.
Meanwhile, Lyra is also working to ensure all the care options provided are integrated into the platform.
In addition, the company will streamline the access to specialized providers with combined video-based therapy which includes sessions, digital lessons, exercises, and guides and each adolescent in care will receive assessments that are specific to their needs.
On the other hand, the company will overcome the challenge of managing the medical staff for mental health care by bringing evidence-based therapists with digital content, especially for teenagers.
Hence, tech solutions such as medical practice management software are the trending remedy to fix the barriers between healthcare professionals and patients.
The future of mental health
Mental health is always an exploding field. Utilizing modern technological tools for making mental health care can help to make it available in rural areas.
And, with the growing opportunities, the market for mental health care is also expected to be its highest peak in the upcoming years. New, as well as existing players, are going to make billions in the upcoming years.
“The market size of mental health care is valued at $383.31 billion in 2020 and is predicted to reach $537.97 billion by 2030.”
Although, there are still many problems to be underlined. Which are unsolved in the mental health discovery and need to solve that puzzle with the ultimate use of technological solutions like telemedicine app development and healthcare software development.