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AdvertisementThere are no surgeries or physical rehabilitation plans to address mental health challenges. Phelps has made mental health a huge focus in retirement, trying to help others avoid the feelings he endured. Bartley, who has worked with the USOPC since it created a mental health task force in 2020, said that her main goal over the past four years has been building out the organization’s infrastructure for therapy for mental health needs. Now, there are 15 psychological service providers — meaning those qualified to work on mental health, mental performance or even sleep. What does it mean to make the Olympic Games or not make the Olympic Games?
Persons: Simone Biles, ” Biles, , , Jess Bartley, Michael Phelps, Cameron Spencer, Phelps, Caeleb Dressel, couldn’t, Bartley, ” Bartley, Dressel, Gretchen Walsh, raved, Lydia Jacoby, Tom Pennington, ” Jacoby, He’d, ” Dressel, I’m, it’s, Biles, “ She’s, Cecile Landi, ” “ She’s, ” Simone Biles ’, Jamie Squire, Dana O’Neil, Dan Goldfarb, Tim Clayton, Corbis, Francois Nel Organizations: Paris Games, Tokyo Games, U.S, Olympic, Paralympic Committee’s, Games, Olympic Games, Paris, Tokyo, Athletic, Tokyo Summer, Beijing Winter Games Locations: Tokyo, Alaska, it’s, France
Two Chairs just grabbed $72 million of Series C equity and debt funding led by Amplo. Two Chairs was bringing in $68 million in recurring revenue in December, one source told BI. AdvertisementTalk therapy startup Two Chairs is the latest mental-health player to close on a fresh round of venture funding. The company just raised $72 million in Series C equity and debt funding, led by existing investor Amplo, and including Fifth Down Capital and other unnamed investors. The startup secured the debt funding from Bridge Bank.
Persons: Amplo, Organizations: Service, Fifth Down Capital, Bridge Bank, San Francisco Bay Area, Business Locations: San Francisco Bay, Los Angeles, Seattle, Miami
Both children received help through telehealth therapy, a service that schools around the country are offering in response to soaring mental health struggles among American youth. The growth reflects a booming new business born from America’s youth mental health crisis, which has proven so lucrative that venture capitalists are funding a new crop of school teletherapy companies. For rural schools and lower-income students in particular, it has made therapy easier to access. Schools let students connect with online counselors during the school day or after hours from home. It now employs more than 300 clinicians providing teletherapy in over 150 school districts in 15 states.
Persons: Maria Ishoo’s, Valerie Aguirre’s, , Ishoo, , ” Ishoo, Trish Wilson, that’s, Wilson, Doreen Hogans, Kevin Dahill, Hazel, Josh Golomb, Prince George’s, Golomb, ” Golomb, Ashwin Vasan, ” Vasan, Fern Yoshida, Valerie Aguirre's, Aguirre, teletherapy, ” Aguirre, , Sharon Lurye Organizations: Associated Press, Schools, Hazel Health, Hazel, Los, Clark County, Dade, Press, Carnegie Corporation of New, AP Locations: California, Hawaii, Lancaster , California, Lancaster, Prince George’s County , Maryland, San Francisco, Los Angeles County, Clark, Las Vegas, Miami, Houston, New York City, New York, Maui, Carnegie Corporation of New York
Use of mental health care increased substantially during the coronavirus pandemic, as teletherapy lowered barriers to regular visits, according to a large study of insurance claims published Friday in JAMA Health Forum. From March 2020 to August 2022, mental health visits increased by 39 percent, and spending increased by 54 percent, the study found. Its examination of 1,554,895 claims for clinician visits also identified a tenfold increase in the use of telehealth. The study covers visits for around seven million adults throughout the country who receive health insurance through their employers, so it excludes many patients with very severe mental illnesses, and it does not cover acute or residential care. The increases are likely to be sustained, even as insurers weigh the benefit of continuing to pay more, said Christopher M. Whaley, a health care economist at the RAND Corporation and an author of the study.
Persons: Christopher M, Whaley Organizations: RAND Corporation
Talkspace’s stock has fallen 65% this year and is trading below $1 a share. Teletherapy company Talkspace Inc. is trying to help itself. The company, one of the best-known names in remote therapy, has picked a new CEO to help continue an overhaul of the business that began last year after several top executives left amid disappointing results and criticism from investors who said they had been misled.
And in and around Silicon Valley, they're the informational coin of the realm. Silicon Valley, after all, prides itself on being an ultrarational place for data-driven decisions, made by people with the brains and intestinal fortitude to identify disruptive winners. But the more solid research puts the lie to the idea of Silicon Valley as a utopia of empiricism. Its unfettered belief in freewheeling, big-ticket plays, in fact, is what sets Silicon Valley apart from other tech ecosystems. To the movers and shakers of Silicon Valley, a startup isn't merely a business.
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