Mindstrong’s Demise and The Future of Mental Health Care

Mindstrong, once a promising mental health startup, recently announced its closure despite raising $160 million. Initially a biomarker-focused AI company, it shifted to app-based mental health care but struggled with financial viability. In the U.S. health system, the challenge lies in valuing mental health until payment is involved. The focus on technology in mental health should address systemic underinvestment. Reimbursement realities, a complex coding system, and profit-centric healthcare contribute to service gaps. As long as insurers inadequately compensate mental health services, the cost-effectiveness of treating mental health issues remains unfulfilled. The closure highlights the need for comprehensive payment reform advocacy.