In the realm of digital health, companies are making remarkable strides that could revolutionize addiction treatment. A shining star in this industry is Pelago Health, a telehealth company dedicating efforts to solve addiction issues with their innovative cognitive behavioral therapy (CBT) techniques tailored to tackle tobacco, alcohol, and opioid addictions. The company recently secured a hefty $58 million in their Series C funding round, escalating their total financial supply to $151 million since their establishment in 2017.
This is a promising leap into the future of telehealth services and the fight against addiction. Here, we look at their journey, learning the five most riveting factors that make this an exciting breakthrough.
1. The Power of Cognitive Behavioural Therapy
Digitizing Therapy
Pelago Health utilizes digital cognitive behavioural therapy as its primary approach. CBT, a well-proven technique in mental health treatment, is now becoming increasingly accessible through digital health platforms, extending its reach and applicability for those struggling with addiction.
2. The War Against Addiction
Targeting Interconnected Habits
Pelago focuses on tobacco, alcohol, and opioid addictions – significant health threats that are known to be interconnected. Addressing these issues in unison through targeted telehealth techniques can potentially have a ripple effect, breaking cycles of addiction.
3. Telehealth’s Rising Potential
Pioneering Online Medical Services
Pelago’s success story points towards the blossoming landscape of telehealth. In the wake of the pandemic, online health services are now more critical than ever. Companies like Pelago are transforming our access to medical services with novel tech-infused solutions.
4. Investment Influx
A Wealth of Financial Backing
Garnering a whopping $58 million in their latest funding round, Pelago’s total financial backing now rests at $151 million. This financial boost coincides with a burgeoning interest in digital health solutions, showcasing the vast potential and belief in this evolving industry.
5. The Future Roadmap
Moving Forward: Expanding and Refining Services
Pelago Health’s recent financial boost provides an optimistic view of the company’s future. While details of the roadmap are yet to unravel, the substantial funding hints at the potential for broadening their services, refining their reach in fighting addiction, and promisingly transforming the landscape of telehealth.
In a world where addictive behaviour continues to challenge public health, Pelago Health is harnessing the power of cognitive behavioural therapy and digital delivery, echoing a promising future for telehealth and substance addiction treatment. Their financial growth signals a progressive shift in the digital health sector’s investment dynamics. Undoubtedly, as we move forward, Pelago Health will be a beacon guiding us towards a more accessible, affordable, and holistic healthcare system.
Credit: BBC. TechCrunch, Reuters
