Mental health-care systems have operated for decades as a partially privatized, fragmented system of hospitals, psychiatrists, psychologists, therapists, and community groups. The pandemic, social media, and the impending recession are making it even more difficult for people to find the care they need due to long wait-lists to see a psychotherapist or get into a counselling program.
Part of the problem is that Behavioral Health has traditionally been delivered face to face between a therapist and a patient. This is costly and there are not enough professionals to meet the needs of patients. This model of mental health care services is not scalable.
Continicare products are Digital therapeutics (DTx) that delivers evidence-based therapeutic interventions and behavioral therapies via software that complement existing treatments for patients dealing with mild to moderate mental health issues. We bring scale that currently does not exist and that can provide patients with immediate access to a digital counselling program.
Today Behavioral Health Assessments are face to face interviews between a patient and a psychometrist that will take half a day at a typical cost of $900 if the patient can access such a service. The Continicare Behavioral Health Assessment tool is a self-service solution that delivers results in the form of patient reports for physicians and therapists at a fraction of the cost with no wait lists. It is hugely scalable!
In any given year, 1 in 5 people in Canada or the USA experience a mental health problem. This represents approximately 43.8 million patients in the USA and 7.3 million in Canada for a total of 51.1 million patients and a total expenditure of over $200 billion in North America and is expected to grow by $36 billion by 2028. Continicare is participating in this market growth.
Continicare products are designed for patients with mild to moderate mental health signs and symptoms. This market is approximately 25 million patients per year. Based on a combination of Behavioral Health Assessments and digital Cognitive Behavior Therapy (CBT) the addressable annual market is $5 US billion.
Continicare has operated in stealth mode and, to date, has self-funded the development of its Psycho-social Assessment application. We are presently raising up to $1,000,000 to support the sales and marketing of our assessment product and to finance the build of our psychoeducation and digital cognitive behavior therapy (CBT) application.
If interested please contact Don@continicare.com or call 289-400-9991
Continicare Corp
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