On achieving break-even, she says: “It’s an asset-light business, and so far the cost of customer acquisition has been zero. So achieving break-even is not difficult.”
Software must be really intelligent
With increasing levels of stress in today’s youth, the need for mental health care is far in excess of the supply. Health care providers have traditionally provided outpatient consulta-tions and therapies, as well as inpatient centres for rehabilita-tion. More recently, there have been providers that facilitate phone consultations that enable a more anonymous interaction. However, these models have limitations on scale.
A software-driven approach could address these limitations. An app may be less daunting and approachable for someone who is going through depression but not yet ready to acknowledge it. However, the solution needs to have the intelligence to appropriately diagnose and respond to symptoms that are not always evident and often complex. Moreover, it needs to have the intelligence to know when a case needs to be escalated to a human therapist.