Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on innovative solutions in the healthcare sector. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, you will discover 5 promising startups developing psychiatry startups.
Heat Map: 5 Top Psychiatry Startups
Using our StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally, we looked at innovation in the field of mental health. For this research, we identified 396 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 psychiatry startups & scaleups developing innovative solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 396 companies we analyzed for this specific topic.
Foresight – Precision Medicine
The effectiveness of medication for psychiatric disorders varies from patient to patient. Traditionally, patients start with a low dose before increasing the dosage, which depends on their emotional, mental, and physical state. With advances in MedTech, startups are now able to provide patients with customized precision medication to help them manage their psychiatric disorders.
The US-based startup Foresight delivers highly personalized, technology- and data-backed treatment plans for psychiatric patients. The startup develops a technology to help psychiatrists prescribe personalized mental health medication more safely and effectively. Foresight continuously monitors symptoms, through a patient portal, to then make adjustments to treatment plans. The solution also utilizes wearables to collect patient data and treats patients suffering from anxiety, bipolar disorder, and schizophrenia as well as post-traumatic stress disorder (PTSD) and depression.
Curis AI – Mixed Reality (MR) Psychotherapy
Psychological conditions such as phobias, trauma, depression, and anxiety are treatable with the help of talk therapy and medication. Virtual reality (VR) enables patients to digitally transport to locations that have a calming effect on them. Increasingly, psychiatry professionals use VR or MR to offer necessary cognitive-behavioral therapies for patients. The immersive experiences result in improvements in a patient’s state of mind and also offer day-to-day relief.
The US-based startup Curis AI develops CurisView, an augmented reality (AR) headset, for psychotherapy and stress management. With the help of exposure therapy sessions, the startup enables people to manage their phobias. For example, virtually simulating the inside of an aircraft cabin to manage patients’ fear of flying. Utilizing on-demand mixed reality solutions, the startup enables stress management and cognitive-behavioral therapy in patients suffering from mental disorders.
Psychiatry-Cloud – Psychiatric Electronic Health Records (EHR)
Psychiatric practices are typically small and employ limited personnel to perform administrative activities ranging from scheduling to billing. Using EHR, the key stakeholders access common sources of patient information to then prescribe effective medicine. Startups develop EHR software to automate various workflows in psychiatric practices that saves valuable time for medical and psychiatry professionals.
The US-based startup Psychiatry-Cloud develops EHR software for behavioral health. The solution integrates the scheduling and client appointment calendar to simplify the workflow using electronic records. Apart from appointment scheduling, automated recalls and reminders, health maintenance alerts, and appointment status, the solution also integrates the billing workflows, making psychiatric practices more efficient in delivering healthcare.
Neurum Health – Employee Mental Well Being
Due to the fast pace of working environments, organizations across industries observe their employees burning out or contract stress-related problems, such as anxiety, depression, and insomnia. Advances in digital technology enable companies to provide healthcare through smartphone applications. Startups globally already develop mobile applications for organizations to keep a track of the mental health of their workforce.
Neurum Health is a Chinese startup that builds a big data platform to manage the mental well being of employees in an organization. The startup’s solution enables confidential health screenings and encourages employees to actively connect with professional support through its employee assistance program (EAP) provider. Neurum Health develops Clara, a smartphone application that acts as a wellness companion for employees and also keeps a track of their behavioral health.
Simply Broken – Access to Mental Health Care
Many people suffer from psychiatric issues such as depression, anxiety, PTSD, and insomnia. However, they often refrain from seeking medical help due to societal and familial pressure. Today, access to mental health is improving through digital technologies such as mobile applications, telehealth, and virtual consultations. Startups develop innovative solutions to further improve the access to appropriate mental health solutions.
Danish startup Simply Broken develops a mental health technology platform. Using patients’ descriptions of the problems, the startup creates a list of smartphone applications that help resolve specific problems. Simply Broken reduces users’ dependence on online information and is transparent about the research behind each type of mobile application. This then allows users to make informed choices regarding the avenue of mental wellness they should opt for.
What about the other 391 solutions?
While we believe data is key to creating insights it can be easy to be overwhelmed by it. Our ambition is to create a comprehensive overview and provide actionable innovation intelligence and enable you to achieve your goals faster. The 5 psychiatry startups showcased above are promising examples out of the 396 we analyzed for this article. To identify the most relevant solutions based on your specific criteria, get in touch.
