K Health, a virtual data-driven primary care platform, looks to expand its services to the mental health space with the acquisition of Trusst, a behavioral health app that provides users access to online, text-based therapy.
Trusst intends to make the process of finding therapy-based solutions for those suffering mental health-related issues simple and straightforward. Accessibility is at the heart of the platform; all users have to do is sign up for the app, fill out a profile detailing the specific kind of care they are after, and Trust will connect them with a licensed therapist in their state via text messaging.
The new merger and acquisition work to expand K Health's virtual care services, allowing the company to assist with the often difficult process of locating and securing appropriate therapy for those in need.
Text-Based Therapy Apps
K Health Expands into the Mental Health Space by Acquiring Trusst
Trend Themes
1. Virtual Therapy Services - The trend of text-based therapy apps expanding into virtual therapy services may give opportunities to meet the increasing demand of people seeking therapy solutions especially in a contactless world.
2. Behavioral Health Tech - Expansion of behavioral health tech which primarily focuses on video conferencing can accommodate evolving consumer preferences and meet mental health needs.
3. Data-driven Mental Health - Data-driven mental health approaches utilizing artificial intelligence and big data can have great implications in diagnosis, treatment and prevention of mental health illnesses.
Industry Implications
1. Technology - Demand for virtual mental health services provide opportunities for technology companies to develop innovative tools for mental health diagnostics and treatment.
2. Healthcare - Healthcare industry can leverage behavioral health technology platforms and provide an integrated care model to improve patient outcomes.
3. Education - Education sector can utilize data-driven mental health services to track, identify and intervene in student mental health issues in a timely manner.