Smart Innovators: Digital Mental Health And Wellbeing Solutions

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Executive Summary

Mental health and wellbeing issues are pervasive, costly and severely damaging to workforces. As the conversation surrounding mental health becomes more open and the popularization of remote working takes hold, the market for corporate digital mental health and wellbeing solutions is expanding. This report provides HR and EHS executives with an analysis of the evolving landscape of digital mental health and wellbeing solutions, including software for data management, mobile apps and health-monitoring wearables. The analysis finds that innovation is centring on the digital delivery of behavioural therapy, the application of AI to user self-assessment data, personalized wellbeing programmes, data-driven support from wearables, and telehealth functionality. Verdantix finds that comprehensive digital wellbeing providers offer a breadth of preventative and reactive solutions delivered to various group sizes, from the individual to firm-wide.

Table of contents

Firms Are Turning To Digital Mental Health And Wellbeing Solutions To Reduce Costs And Improve Productivity
Wellbeing Issues Pose Real Challenges For Firms’ Bottom Lines
Management Of Mental Health And Wellbeing Issues Has Undergone Significant Change
Two Key Hurdles Limiting Adoption Of Digital Wellbeing Solutions Are Falling

Introducing The Digital Mental Health And Wellbeing Solutions Market  
Users Typically Engage With Solutions Via Mobile Apps, With Wearables Used To Provide Feedback On Progress
Providers Segment Their Offerings Into Specialized Wellbeing Use Cases
Digital Wellbeing Deployment Methods Disrupt Traditional Healthcare By Offering Scalable Solutions
Solution Providers Emphasize Proven Productivity Benefits And ROI Potential

Firms Recognize The Need To Validate The Effectiveness Of Innovative Digital Solutions  
Providers Are Utilizing Funding To Advance Platform Capabilities And Achieve Regulatory Approval 
Providers Are Adding Communicative Functionality To Their Digital Solutions To Improve Outcomes 
Complete Wellbeing Providers Offer A Diverse Solution Mix Alongside High Platform Engagement 

Table of figures

Figure 1. Evolution Of Enterprise Wellbeing And Mental Health Strategies 
Figure 2. Interconnected Wellbeing Topic Landscape 
Figure 3. Breadth Of Digital Mental Health And Wellbeing Provider Capabilities 
Figure 4. Digital Wellbeing Platform User Journey 
Figure 5. Six Ways Digital Platforms Are Disrupting Traditional Care Models 
Figure 6. Investment In Digital Mental Health And Wellbeing Providers 
Figure 7. Complete Digital Mental Health And Wellbeing Platform Offering 

About the authors

Bill Pennington

VP Research, EHS & Risk Management
Bill is the VP Research for the Verdantix EHS & Risk Management practices. His current agenda focuses on understanding the evolution of EHS and enterprise risk management, evaluating emerging strategic risks and benchmarking technology buyers’ budgets, priorities and preferences globally.

Christopher Sayers

Senior Analyst
Chris is a Senior Analyst in the Verdantix EHS practice. His current research agenda focuses on EHS software, product compliance software and digital mental health and wellbeing solutions. He was also the lead author of the most recent Verdantix EHS Software Green Quadrant benchmarking study. Chris joined Verdantix in 2020 and has previous experience at EY, where he specialized in robotic process automation (RPA). He holds an MEng in Engineering Science from the University of Oxford, with a concentration on machine learning and machine vision.

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