Treating issues with mental health can be a daunting and very sensitive task for anyone that is suffering from any kind of mental illness — but the problem for many is that a lot of patients just don’t know where to start, according to David Ebersman.
That’s where Lyra Health hopes to help. The service works with employers to offer a tool to their employees that helps them securely and confidentially begin to understand what kind of treatment they need to seek if they feel like they are suffering from any mental health problems. Employers naturally have a stake in this as they want their employees to stay health, but the goal is to offer a sort of safe space where users can benefit from years of growth in pattern matching and data to help them figure out where to start. The company said it has raised $45 million in a new financing round including Tenaya Capital, Glynn Capital Partners, Crown Ventures, and Casdin Capital. Existing investors that include Greylock Partners, Venrock, and Providence Ventures also participated in the funding round.
“We felt it was important to build an offering that would be helpful to all of the people who work at these companies and are suffering from a mental health condition like depression, or anxiety, or substance abuse,” Ebersman said. “A lot of the people we want to help don’t know where they’re starting. Trying to build and market something narrowly to a subset of the audience requires the audience to know they’re in that subset. Trying to build something more welcoming and engaging for a broader set of conditions felt to us to be a realistic response to the fact that not everyone can self identify. Fortunately technology really helps us with this — we can build a secure and confidential place where an employee can go and answer some questions that relate to their symptoms, severity, treatment preferences and use technology to match them for the right care.” Continue reading Lyra Health raises $45M to create a smart network for treating mental health problems
Felicia Mello, CALmatters
When student leaders from 23 California State University campuses came together last fall to set priorities for the academic year, improving campus mental health services received more nominations than any other issue. It beat out even that perennial concern, tuition costs.
Cal State Student Association president Maggie White said she’s not surprised.
“We’re seeing wait times at counseling centers that are exceeding two or three weeks, people turned away after a few appointments because they’ve exceeded the maximum allotment, and students not feeling comfortable going to counselors because no one looks like them or reflects their experience,” White said.
As the stigma attached to mental health care fades, California students are increasingly clamoring for more on-campus services that can help them cope with anxiety, depression and the stresses of a contentious political climate and rising living expenses. Several bills pending in the California Legislature would set aside resources for mental health care at the state’s public colleges and universities.
Mental health advocates say on-campus care is especially important because people often first experience psychological problems during their young adult years.
“It’s so much the age when serious mental illness manifests itself, and here we have these institutions that could absolutely be identifying this early on,” said Deborah Anderluh, a spokesperson for the Steinberg Institute, which lobbies for more funding for mental health treatment.
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