By Julian Cohen, President of Teladoc Behavioral Health
Anxiety, depression, mood disorders – mental issues affect 1 in 5 adult Americans and, not coincidentally, cost businesses billions in lost productivity. Unfortunately for the millions of men and women who experience these issues, access to effective care is often the biggest hurdle. Telehealth can open new pathways to a better behavioral health care experience, and at Teladoc, we see adoption of this employer-sponsored benefit growing at unprecedented rates.
In a recent behavioral health survey conducted by PricewaterhouseCoopers, the findings calculate that American businesses shoulder more than $440 billion in costs annually related to mental illness – either of their own employees or of a family member. Part of this grand total is derived from a domino effect of chronic conditions. Depression, for example, is often associated with poor adherence to medical regimens leading to co-morbidity, according to several studies from the U.S. National Library of Medicine. Further, another study showed that for diabetics also having depression, costs for non-behavioral health services increased by $434 PMPM. Likewise non-behavioral health costs for diabetics with COPD have been shown to increase $739 PMPM.
With Teladoc, the full continuum of care can be addressed, by leveraging […]