MYnd Analytics, Inc. (NASDAQ: MYND) today announced its wholly owned subsidiary, Arcadian Telepsychiatry Services LLC, recently launched a new program, through its provider network, offering behavioral health solutions for skilled nursing and assisted living facilities.
The new program provides patients of skilled nursing and assisted living facilities with access to telepsychiatry, teletherapy and other mental health services. Telepsychiatry involves the use of video conferencing equipment to conduct real-time mental health consultations between a clinician and a patient. This program is designed to benefit patients with limited mobility as well as limited access to mental health services.
In connection with the launch, Arcadian announced plans to deploy the program at the Bayside Health and Rehabilitation (“Bayside”) skilled nursing facility in Florida this July. Bayside is a 120-bed skilled nursing facility in Pensacola, Florida. Bayside is a subsidiary of Gulf Coast Health Care (gchc.com), a leading provider of skilled nursing facilities in the Southeastern United States, which operates 42 skilled nursing and assisted living centers throughout Florida and Mississippi with a team of over 6,000 associates.
“We are excited to partner with Gulf Coast Health Care in deploying this program at Bayside Health and Rehabilitation, with a goal to roll-out the program across Gulf Coast’s entire network,” stated Robert Plotkin, CEO and Founder of Arcadian. “Our telebehavioral health services are ideally suited for patients within both skilled nursing and assisted living centers, as this population often lacks access to mental health services due to both a shortage of mental health providers, as well as the difficulty the elderly and disabled often face traveling to appointments. Using technology, we can connect these patients with the appropriate mental health provider from the comfort and convenience of their care facility.”
“With over 15,000 skilled nursing facilities, and more than 28,000 assisted living residences in the U.S., we believe this new offering is highly scalable and should allow us to cost effectively reach millions of Americans,” stated George Carpenter, CEO of MYnd Analytics. “We look forward to working closely with Gulf Coast Health Care and others to roll out this new program and expand the services available to this underserved population. In addition, by combining our tele-medicine platform with MYnd’s Peer report, we can reduce trial and error prescribing in mental health, which has the potential to dramatically reduce costs and improve outcomes.”
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