7/22/2023 0 Comments Mindful behavioral health![]() The team is working hard to extend MHS’s model across the western US, matching ever more brilliant clinicians with patients seeking comprehensive care. John and his team would likewise tell you that they are just getting started. On the one-year anniversary of this partnership, we have a lot to celebrate, but see much more work ahead. brought in highly talented leaders to the Company’s management team, board of directors, and scientific advisory boardĪdditionally, in October 2021, John Minahan joined Mindful Health Solutions as Chief Executive Officer, leveraging deep prior leadership experience in mental health and other healthcare verticals.introduced cognitive behavioral therapy services.treated its first patients outside of California.more than doubled its roster of psychiatrists and psychiatric nurse practitioners.In the year since, the company has continued to build on its strengths. Last year we saw in MHS the foundation for a winning approach to the problems of supply, cost, and breadth of care. They expand access by serving as a home for patients with a variety of conditions and a range of condition severity. ![]() The company addresses a wide spectrum of conditions including depression, anxiety, ADHD, and OCD. MHS offers a continuum of care from talk therapy to medication management, TMS, and esketamine. MHS was founded around interventional psychiatry in 2007 and has since been a thought leader in mental health, keeping abreast of emerging therapies. These treatments are FDA approved for severe depression and covered by health insurers nationally but remain unfamiliar or inaccessible to many patients and providers alike. However, a significant segment of patients experience little-to-no improvement on these medications.* In these cases, other emerging therapies like transcranial magnetic stimulation and esketamine are available. ![]() For instance, antidepressants have served as an effective first-line treatment for depression for decades. Options are especially limited for patients with treatment-resistant mental health conditions. Most mental health groups offer point solutions, providing either therapy, medication management, or a limited combination of the two. MHS’s services are in-network for the vast majority of patients, providing broader access by keeping out-of-pocket costs low. Because most mental health care services are offered out of network, patients are forced to pay dramatically higher prices out of pocket for timely access. ![]() Wait times can be particularly long for in-network care, the lowest-cost option for most patients. This flexibility around virtual care was a major asset to MHS’s patients and providers during pandemic lockdowns and continues to streamline care delivery today. MHS also utilizes telehealth extensively to increase access. The company brings under one roof dozens of clinicians who might otherwise join disparate private practices and leverages centralized resources to more efficiently arrange care. This is a particularly unfortunate reality for patients suffering from severe, life-threatening symptoms.Īs one of the largest and fastest-growing psychiatry groups in the country, MHS confronts this supply-demand imbalance. Appointments with therapists and psychiatrists, even in highly populated areas, often come with wait times of 4-6 weeks. The demand for mental health services far outweighs the supply. We believe that limits to the supply, affordability, and breadth of mental healthcare services will persist in the post-lockdown era and that MHS has the potential to address these stubborn, longer-term obstacles. Our view is that COVID-19 simply put additional pressure on a system already challenged by insufficient access to care. Reports like these brought mental health to the forefront of the national conversation, and our team viewed our investment in MHS as apt for this moment of crisis.Īmerica’s mental health challenges long pre-dated the pandemic, however. At the time, the CDC reported a nearly four-fold increase in symptoms of anxiety and depression from before the pandemic. While most of us were nearing the end of a very long and isolating initial lockdown, a second, related crisis had emerged: a spike in mental health issues. When we invested in Mindful Health Solutions (MHS) one year ago, COVID-19 was raging in the United States.
0 Comments
Leave a Reply. |