Millions of Americans Are Turning to Therapy, and Investors See an Opportunity

SonderMind Chief Executive Officer Mark Frank said the company offers in-person or virtual care from local therapists, and one of its main selling points to customers and investors is that its clinicians are in-network with most insurers in the states where the company operates. He said employers are driving the change. “It took employers starting to bang the table and say, ‘We want this benefit covered,’ ” he said.

Employers and investors began paying more attention to mental health during the pandemic because people were seeing the fallout up close and personal. “We’re seeing it in our kids. We’re seeing it in our co-workers,” Mr. Frank said.

Read the full article on the WSJ website via this link. .com/articles/as-demand-for-mental-health-care-booms-investors-see-opportunities-11652018401