Grow Therapy Releases 2023 State of Mental Health Report

Annual survey of therapists reveals key trends impacting the mental health of Americans

NEW YORK, April 27, 2023 /PRNewswire-PRWeb/ -- Grow Therapy, a provider-centric mental health group improving access to high-quality mental healthcare, today released the findings of its annual state of mental health report. The national survey of Grow Therapy's Provider Partners reveals trends therapists are seeing among their patients and insights into the challenges and benefits of running a private practice.

"While the COVID Public Health Emergency is ending, we have a far ways to go to properly care for the mental health of Americans," said Jake Cooper, CEO and Co-Founder of Grow Therapy. "We're focused on eliminating barriers to care through empowering providers, accepting all forms of insurance, and assisting patients in their mental health journey."

Key findings from this year's report:

• The number of people seeking therapy is on the rise, with 83% of therapists saying they have seen an increase in patients seeking therapy for the first time this year.
• Just over a third (34%) of therapists say that anxiety or stress is the most common reason their patients are seeking help. Other common issues bringing people to therapy this year are depression (15%), trauma (9%) and romantic relationship issues (8%).
• With the current state of the world, therapists say that news (99.6%) and social media (100%) consumption can have a negative impact on mental health.
• Millennials, those aged 27-42, are the most likely to be in therapy currently, with over half (53%) of therapists saying that group makes up the majority of their client base.
• In continuing to fight the stigma of seeking professional help for mental health issues, about half (47%) of therapists said that open and honest conversations with family and friends/peers, including on social media, is the key to normalizing therapy. Others agreed that likening mental health to physical health (24%) and offering increased education through PSAs and in schools (14%) were also important.
• Therapists are most likely to recommend exercise (23%) and time with loved ones (22%) to improve mental health outside of therapy, followed by spending time in nature (17%), meditation or spending time alone (16%) and joining a support group (11%).
• Offering advice to people going to therapy for the first time, therapists said that it was important to find the right therapist (15%); be open to the process (14%); remember that therapy takes time (14%) – with 87% of therapists saying that tangible outcomes from therapy can take anywhere from 2-10 sessions in most cases; and that it's important to set goals for what you want to get out of the therapy process (13%).

The report also looked at how therapists feel about running a private practice:

• Therapists say that access to care remains an obstacle, including the ability for providers to accept insurance to help cover out of pocket costs for patients (10%).
• Therapists say that the biggest benefit of running a private practice is reducing time spent on administrative work (24%) and having more time to focus on meaningful work (23%), professional development (14%) and their personal life (18%).
• Therapists say that the biggest opportunities for their practice this year are managing their own schedule to allow for more work-life balance (23%) and growing their practice to reach more patients (22%).

Grow Therapy offers a marketplace for patients to find the right therapist, with the ability to filter via insurance type, state, areas of specialty, gender, virtual or in-person sessions and availability. The therapists available on the marketplace partner with Grow Therapy to receive dedicated admin support like, billing and credentialing plus access to a telehealth platform, custom-built EHR, private peer community and discounted health insurance.

For more information on Grow Therapy's 2023 state of mental health report, visit growtherapy.com.

About Grow Therapy:
Grow Therapy is a provider-centric mental health group, using technology to make high-quality mental healthcare accessible and affordable to all Americans. Grow Therapy provides therapists with a suite of business tools and services, peer community, and pipeline of expertly matched patient referrals so that they can set up and grow thriving in-person and virtual private practices, within the communities they care about most. As a result, more Americans are accessing a wide variety of therapists who not only best match their needs, but who take their insurance. Grow Therapy's network includes more than 6,000 therapists and works with major insurers including Humana, Aetna, Cigna, Florida Blue Cross Blue Shield, Humana, and UnitedHealthcare. Some of Grow Therapy's key investors include TCV, Transformation Capital, and SignalFire. More information about Grow Therapy can be found at http://www.growtherapy.com.

Methodology
The results of this report are from a national survey of Grow Therapy's Provider Partners conducted from February 28, 2023 - March 22, 2023. There were 266 responses from therapists in different states, with different titles, specialties and years of experience.

The goal of the survey was to get insight into their experience and observations as therapists on the state of mental health in America in 2023.

Media Contact

Jackie Quintana, Pitch Public Relations, 1 480-606-8180, [email protected]

SOURCE Grow Therapy