Innovation: Woebot

Issue 11-20-17   |   Reviewer:   Craig A. Turner, Ph.D.
Disciplines:


Abstract

With a burgeoning focus on mental health in the healthcare arena, 39-year-old Alison Darcy decided to design an app (Woebot) that discerns the changes in the mental health of its users and offers helpful videos and programs to treat the patient/user. At this point in time, she is experimenting with payment models to make the program profitable and sustainable.

Establishing a financial model is difficult at this stage even though Woebot's solution is far more cost-effective than traditional therapy alternatives. This model is seen as a potential solution to the access problem for mental health and has already shown success in initial trials related to treating depression in an important target market of college students.





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