Any apps or services that help human beings with mental health is a very good thing. The impact of myriad mental health issues on personal wellbeing, individual health, happiness, or in the workplace productivity, engagement, overall culture is massive. That said, we also have too many apps that we’re pushing into the workplace – and employee wellbeing is one of the areas where apps are proliferating. Mental wellness, physical wellness, financial wellness, career wellness apps and more are flooding the market directly to employers and through insurance broker channels. HRWins sees the future of wellbeing in the enterprise shifting to more of a platform/marketplace that offers employers the ability to curate the wellness offerings that suit their culture, demographics, regions, and budgets. We saw this begin to emerge with Lifeworks. We now expect to see acquisitions and “roll ups” in this category along with emerging startups focused on the approach.
In the HRFederation 2020 HCM Trends Report the maturity of employee total wellbeing was called out. Learn more about the trend there.
From the Modern Health press release: “Modern Health is a mental health benefits platform for employers offering a suite of products that cover the full spectrum of mental well-being needs through evidence-based technology and professional support from a coach or therapist. The platform gives employees access to the emotional care they need while helping employers improve worker productivity, retention, and limit costs from over-prescribed, in-person therapy.”
Source: Modern Health raises $31M to accelerate reach of mental health benefits