The combination of the growing need for mental health services in the aftermath of the pandemic and the current economic environment leaves benefits buyers in a tough position. Benefits leaders want to deliver access to quality mental healthcare for employees while also keeping a tight benefits budget. With mental health spending increasing year over year and every benefits dollar being scrutinized, it feels impossible to do both. At Headspace, we help leaders deliver high-quality mental healthcare to employees – and do it at an affordable cost. 

In our report, "The Business Case for Investing in Mental Health," we dive deep into the critical reasons why investing in mental health is not just a moral obligation but also a strategic imperative for your business. The global economy is now grappling with the staggering cost of mental health issues, with a whopping $1 trillion at stake. Moreover, 76% of U.S. workers reported experiencing at least one mental health symptom in 2021, highlighting the pressing need for effective mental health solutions.

 A Lower Cost Solution that Delivers Bigger Impact 

Headspace has the answer to your organization's mental health conundrum:

1. ‍Lower Total Costs: Headspace offers the most cost-effective mental health solution on the market. Our proactive and stepped care model ensures that employees receive the appropriate level of care for their needs, reducing spend on unnecessary clinical care With unlimited coaching and self-guided care included in our flat PEPM fee, the majority of your employee population can access mental healthcare at a predictable, low cost.‍
2. Make Therapy More Efficient and Effective: Our team-based care model reduces the need for ongoing expensive therapy and psychiatry sessions  by offering high-quality coaching and self-guided care to supplement clinical care, resulting in significant savings for employers. A prospective cost impact model estimates substantial spending reductions while increasing access to care.‍
3. Improved Access: Headspace eliminates long wait times for mental healthcare. Our innovative model provides timely access to care for all members, including unlimited coaching and self-guided care, engaging subclinical members and delivering therapy and psychiatry to those with more acute needs.‍
4. Better Engagement: Our well-known and well-loved brand reduces the stigma associated with mental healthcare. With over 100 million downloads globally and a Net Promoter Score (NPS) of 70+, Headspace is a trusted partner in mental well-being.‍
5. Better Outcomes: We deliver positive outcomes proven in 50+ studies, including reduced stress, improved focus, increased resilience, and reduced burnout. Our care has consistently demonstrated effectiveness in addressing anxiety and depression symptoms.‍
6. Indirect Savings: By actively promoting mental health strength and resilience, Headspace Health prevents future claims and increases employee productivity. According to the National Academies of Science, every $1 invested in mental health prevention yields $2 to $10 in savings.

Take Action 

The time has never been more ripe to invest in your employees' mental health. Don't let budget constraints hold you back. With Headspace, you can provide life-changing benefits for your workforce while ensuring financial resilience for your organization.

To explore all the compelling data and insights in our report, and to discover how Headspacecan revolutionize your employee mental health benefits, download the full report now.