In the face of a national emergency in child and adolescent mental health, urgent measures are needed to help those in need. Many struggling youths and teens do not receive age-appropriate, timely, and affordable mental health care today.
Training more mental health professionals is part of the solution, but that takes time. Digital health approaches can be developed more quickly, though they have not received the same kind of attention from investors as options for adult mental health, which have seen enormous investment over the past few years.
The current annual spending on youth mental health in the United States is $3 billion, covering 5 million patients per year, according to an analysis conducted by Menlo Ventures, the company we work for.
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