We spend nearly one-third of our lives in the workplace. Staying healthy is key to job performance, and healthcare benefits are the second highest expense item for employers after employee salaries. Healthcare benefits have typically referred to physical health benefits, but we all know that our emotional well-being has just as significant an effect on our overall performance in the workplace (and arguably more!). It simply hasn’t gotten as much attention or investment.
Today, mental health is a growing concern for employers, and mental health-related solutions are increasingly viewed by companies as a core employee benefit, not a perk. Mental health has emerged as one of the top (often the #1) requested benefit outside of traditional healthcare from our internal research.
Just as our sedentary lifestyles and our diets have an effect on our physical health, the hustle and bustle of our modern lives with an overload of external stimuli to our brains has an effect on our mental health. Data suggests that 50% of all Americans will experience a diagnosable mental illness or disorder at some point in their lifetime, which has far-reaching impacts on job performance and our knowledge-driven economy (source). As a result, emotional well-being has become a growing priority for employers as they look to preserve the mental wellness of their workforce.
Several point solutions for mental health and emotional wellness are in the market today, but no provider has emerged with a comprehensive solution -- until now. Alyson Friedensohn and Erica Johnson founded Modern Health to give employers exactly that. Their solution is uniquely positioned to meet the evolving mental health needs of workforces everywhere, at the exact time when we are hitting a boiling point. It’s already in the hands of thousands of employees, and it’s reaching new ones every day.
While there is no one-size-fits-all solution for mental well-being, Modern Health is the first holistic platform that can engage the entire employee population beginning with a personal assessment to provide ongoing support through a variety of resources. Employees can access digital courses to strengthen emotional intelligence and build resilience. They can also be matched to a professional coach or licensed therapist to continue receiving personalized care.
Alyson, Erica, and the Modern Health team are fundamentally transforming how employers can support the mental health and well-being of their employees. We’re thrilled to lead their Series A and partner with them in their quest to build a happier, healthier, workforce of the future.
Annie and Mamoon
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