VIDA HEALTH - Meet A Vendor
Shortlister hosted Veeneta Lakhani, EVP of Growth and Operations, Chris Mosunic, Chief Clinical Officer, and Kevin Knight VP of Marketing at Vida Health to share actionable ways employers can unlock in-network benefits to improve their employees’ health, and lower overall healthcare spend.
THERE IS A HUGE ACCESS GAP IN MENTAL HEALTHCARE
The importance and fragility of mental health have always been on top of mind of clinicians, but the pandemic brought mental and behavioral health into an even greater focus due to the rapid and unexpected onset of Covid-19 and the speed with which it was determined to be a pandemic.
- 1 in 3 workers report losing 2+ hours of productivity per day due to stress in 2020
- Only 27% of the necessary demand was supported by mental health professionals as of September 2020
- 1 in 2 adults with a mental illness don’t receive treatment
- 1 in 6 adults started therapy
- 88% experienced at least one condition of depression
Despite patient interest, access to mental healthcare is left wanting due to limited clinician availability and cultural stigma.
- Mental health is expensive for the employee
- In-network providers are hard to find
- Traditional mental health providers aren’t easily accessible
ABOUT VIDA HEALTH
Vida Health is a virtual care company that engages each member with a personalized care path using technology and deep human connections with expert care teams who treat mind and body together to improve behaviors and outcomes. They provide personalized chronic condition management combined with health coaching and therapy through a mobile and online platform that supports individuals in managing and significantly improving conditions such as diabetes, hypertension, obesity, depression, anxiety, etc.
VIDA HEALTH SOLUTION
Members want to access high-quality providers without being overwhelmed by out-of-pocket costs.
In-network virtual mental health benefits enable receiving personalized on-demand care in the following ways:
- Decreases costs for the employees
- Expands the pool of available providers
- Increases access: When, where, and how they need it
VIDA HEALTH JOINS BLUE CROSS AND BLUE SHIELD OF ILLINOIS NETWORK
Recently, Vida Health announced that is joining Blue Cross and Blue Shield of Illinois’ network of providers to deliver Vida’s best-in-class, on-demand virtual mental health solution to millions of lives in the state.
How does it work?
Immediate access through the health plan network
- Does not require a qualifying event or special enrollment period
- The same solution offered to employers without the implementation timeline
Platform agnostic
- Not every company is ready to integrate this type of solution in-house
- Because this is managed through the health plan, this will not impact a company’s tech roadmap
Unlimited care possibilities
- Vida’s solution does not limit member access to a single visit per week
- Technology-driven solution, matched with a real provider, to help empower members to feel better about their long-term mental health while allowing them to engage with their providers at any time, anywhere, on any channel.
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