Mental Health

Psychedelics and the Future of the Healthcare Economy | by Jess Phillips | Jan, 2022

Jess Phillips

Health is incredibly intimate and personal and is one of the most important things that we as humans have. It’s what drives our very being. It’s what dictates our presence on this planet. I know that sounds dramatic, but if there’s anything that the COVID-19 pandemic has taught us, it is that to be in good health is to be at a significant advantage and is what can ultimately and honestly be the difference between life and death.

When dissecting the core issues in our healthcare system, they break into about three main areas: lack of access, inefficiency/inconvenience, and ineffectiveness. New technologies are aiming to solve these issues and the outcomes are rather promising.

It is not surprising that this new approach to healthcare is translating into the mental health landscape as well, as patients are becoming more empowered than ever to play an active role in their own therapy and treatment decisions and expect to see a real return on their investment in these often expensive solutions. In the past, patients haven’t had much say in their own therapy and treatment choices, as the standard in mental healthcare for years has been talk therapy and antidepressants. These options are helpful for some, but mental health is inherently complex and a one-size-fits-all approach here can be just as lethal as it is in other health verticals.

In standard therapeutic practice, clinicians are generally responsible for using a one-hour therapy window to engage with clients, observe and analyze behavior, and use their findings to develop treatment plans. In theory, this seems like a reasonable approach, but in practice, this often misses the mark. Patients have little to do with their own treatment decisions and most of their lives, which happen outside of this one-hour container, go unaccounted for.

MBC and Health Tech are especially important in psychedelic therapy. This new frontier is just starting to learn to stand on its own two feet and still needs as much support as possible before it can start to walk and one day even run.

Data and technology are transforming healthcare and putting people back in the driver’s seat of their own health and lives. Now more than ever, it is important that we make the shift towards a data-driven, patient-centric approach to health so that we can truly understand what’s going on inside of our bodies and conquer it.


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