Modern Health Makes Mental Health Coverage More Accessible
Jana Pijak — July 13, 2020 — Business
References: joinmodernhealth
Modern Health is a corporate insurance platform that specializes in digital programs, mental health coverage and personalized provider pairings. Believing that physical health starts with mental health and well-being, the platform covers a wide range of employer and employee needs including therapy services, stress and anxiety counselling, employee emotional health tracking, financial well-being and more.
Offering personalized plans for insurance providers and employers, Modern health features "virtual visits and text-based check-ins with certified coaches, in-person or virtual visits with licensed therapists, and on-demand evidence-based digital programs — all within a single platform."
The platform is centered around making mental health resources and coverage more accessible to the masses and encourages employers to be more open about mental health conversations in the workplace -- a once-taboo topic many corporations felt uncomfortable to address in the past.
Offering personalized plans for insurance providers and employers, Modern health features "virtual visits and text-based check-ins with certified coaches, in-person or virtual visits with licensed therapists, and on-demand evidence-based digital programs — all within a single platform."
The platform is centered around making mental health resources and coverage more accessible to the masses and encourages employers to be more open about mental health conversations in the workplace -- a once-taboo topic many corporations felt uncomfortable to address in the past.
Trend Themes
1. Digital Mental Health Services - As Modern Health facilitates virtual visits with certified coaches and licensed therapists, there is an opportunity for apps and platforms focusing on digital mental health services to grow.
2. Personalized Mental Health Plans - With Modern Health providing personalized plans for insurance providers and employers, there is an opportunity for insurance and healthcare companies to offer more tailored mental health coverage.
3. Corporate Mental Health Wellness - As Modern Health encourages employers to be more open about mental health conversations in the workplace, there is an opportunity for companies to invest in mental health and wellness programs for their employees.
Industry Implications
1. Healthcare Insurance - Modern Health's corporate insurance platform provides an opportunity for healthcare insurance companies to integrate digital mental health services in their offerings.
2. Mental Health Services - Modern Health's digital programs and virtual visits with licensed therapists offers opportunities for the mental health services industry to expand into the corporate world.
3. Corporate Wellness - As Modern Health encourages companies to prioritize mental health and wellness, there is an opportunity for the corporate wellness industry to develop customized plans and programs.
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