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Industry Landscape
The digital behavioral health industry is experiencing significant growth, driven by increased awareness, rising demand for mental health services, and technological advancements. The COVID-19 pandemic accelerated the adoption of telehealth and virtual care solutions. Integration with broader healthcare systems and a focus on whole-person care are key trends. Challenges include data privacy, regulatory compliance, and ensuring equitable access.
Total Assets Under Management (AUM)
US Behavioral Health Market Size in United States
~$100.8 billion (2023)
(13.6% CAGR)
- Telehealth expansion
- Increased mental health awareness
- Integration of care models
Total Addressable Market
$100.8 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Predictive Analytics
Utilizing artificial intelligence and machine learning to predict behavioral health crises, identify at-risk individuals, and personalize treatment pathways based on vast datasets.
Interoperable Blockchain Solutions
Implementing distributed ledger technology for secure, transparent, and immutable sharing of patient data across disparate healthcare systems and community services, enhancing data integrity and patient privacy.
Extended Reality (XR) for Therapy
Integrating virtual reality (VR) and augmented reality (AR) into therapeutic interventions for exposure therapy, skill-building, and immersive relaxation techniques in behavioral health.
Impactful Policy Frameworks
21st Century Cures Act: Information Blocking Rule (2021)
This rule, stemming from the 21st Century Cures Act, prevents healthcare providers, health IT developers, and health information networks from knowingly and unreasonably interfering with the access, exchange, or use of electronic health information (EHI).
This policy mandates greater interoperability and data sharing, directly benefiting Chorus by reducing barriers to integrating with EHRs and other systems, thereby enhancing their 'unify information sharing' value proposition.
Consolidated Appropriations Act, 2023: Telehealth Provisions (2023)
This act extended several key telehealth flexibilities that were initially introduced during the COVID-19 Public Health Emergency, including coverage for audio-only services and allowing FQHCs and RHCs to provide telehealth services.
The extended telehealth flexibilities create a sustained market for digital behavioral health solutions, bolstering demand for Chorus's platform which facilitates remote care management and community connection.
HIPAA Privacy Rule: Updates on Mental Health Information (Ongoing)
While not a single new policy, ongoing interpretations and enforcement actions related to the HIPAA Privacy Rule continue to shape how mental health information can be shared and protected, particularly concerning substance use disorder records (42 CFR Part 2).
Continuous emphasis on HIPAA compliance and data security directly influences Chorus's platform development, reinforcing its commitment to secure data handling and maintaining trust with healthcare organizations.
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