Bicycle Health Addresses a Specific Major Addiction Problem
References: bicyclehealth & fastcompany
Bicycle Health is a telehealth platform founded by Ankit Gupta with the hopes of "increasing the options for opioid treatment" and decreasing the stigma associated with the condition. The opioid crisis has been evolving in a complex environment because of prescribing doctors who are misinformed about how addictive such medication is, pharma companies who have marketed the drug as desirable and safe for pain management, and people who place blame on the addicts. As such, platforms like Bicycle Health are hard to come by but an extremely important resource for users who are looking for treatment and recovery. To date, Bicycle Health has served 20,000 patients across 32 states. It tops the industry average of retaining 44% at 90 days by an additional 36%.
Image Credit: Bicycle Health
Image Credit: Bicycle Health
Trend Themes
1. Telehealth Addiction Treatment - Telehealth platforms dedicated to addiction treatment are emerging, offering a new avenue and convenience for patients to access treatment options.
2. Personalized Addiction Treatment - Personalized approaches to addiction treatment are becoming increasingly popular, with telehealth platforms like Bicycle Health providing tailored care to individuals rather than a one-size-fits-all approach.
3. Alternative Opioid Addiction Treatments - The rise of opioid-specific telehealth platforms like Bicycle Health highlights the need for alternative and effective treatments for opioid addiction besides traditional in-person treatments.
Industry Implications
1. Telehealth - Telehealth providers, particularly those focused on addiction treatment, are poised to disrupt the traditional healthcare industry by offering more accessible and convenient care.
2. Healthcare Technology - Healthcare technology companies can integrate telehealth addiction treatment services into their existing offerings, creating new revenue streams and expanding their reach.
3. Pharmaceuticals - Pharmaceutical companies have the opportunity to contribute to the fight against the opioid crisis by developing alternative treatments and partnering with telehealth addiction treatment providers to offer comprehensive care.
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