By Laura Lovett on August 30, 2022
Serious mental illnesses (SMIs) are extremely costly and can lead to negative health outcomes, a fact that makes this corner of the behavioral health world ripe for innovation. Specializing in SMI treatment, however, comes with a number of high-stakes challenges.
SMIs – conditions such as schizophrenia, severe bipolar disorder and major depression – impact roughly 5% of the U.S. population. Additionally, the economic cost of SMI is more than $300 billion each year, according to SMI Advisor.
Read the full piece via Behavioral Health Business >> https://bhbusiness.com/2022/08/30/serious-mental-illnesses-smis-are-extremely-costly-and-can-lead-to-negative-health-outcomes-a-fact-that-makes-this-corner-of-the-behavioral-health-world-ripe-for-innovation/