Mental Health Platform that will be used to prioritize mental wellbeing in the work place. ModernMade will provide direct access to licensed therapist & physiatrist, medications, lab testing, educational tools, and incentives that keep employees engaged in the program.
ModernMade was founded in 2021. Founded by leaders with a deep passion to create positive change and end the stigma surrounding mental health issues. As corporate wellness professionals, with backgrounds is clinical laboratory testing, on-site biometric screenings, and general wellness technology/platforms, we truly believe the biggest and most important piece of employer wellness is missing, the Mental Wellness aspect.
Our mission is to prioritize mental health and well-being at the workplace. By incorporating mental wellness into the traditional employer “wellness” programs, we can create a happier, healthier, more positive workplace for both employees and their families.
At ModernMade we value building relationships that are meaningful and long-lasting, with partners, employers, employees and their families. We are committed to creating positive change, ending the mental health stigma, and building relationships with partners who share those same beliefs.
Why is mental health important?
•An estimated 26% of Americans ages 18 and older, about 1 in 4 adults, suffers from a diagnosable mental disorder each year.
•Approximately 9.5% of American adults ages 18 and over, will suffer from a depressive illness (major depression, bipolar disorder, or dysthymia) each year.
•According to a 2018 study by the American Heart Association, companies lose $17,241 per year in incremental healthcare and productivity costs for each person with major depressive disorder.
•62% of all missed workdays per year are due to a mental health condition. (Forbes)
•According to the Centers for Disease Control and Prevention, in 2019: Suicide was the tenth leading cause of death overall in the United States, claiming the lives of over 47,500 people.
•Suicide was the second leading cause of death among individuals between the ages of 10 and 34.(
nimh.nih.gov)
Our Products & Services
- Mental Health Assessment- This assessment allows us to identify those who may have or be at risk for mental health issues like depression, anxiety, and bipolar disorders.
- Biometric screenings & Laboratory testing
- Access to licensed therapist for onsite or virtual counseling
- Educational tools & challenges
- Interactive Software platform, that will allow us to track and reward employees for participating in the program.
Our Customers:
- Employers (across all industries, initial focus on manufacturing & automotive companies.)
- Other Wellness Companies
- Insurance brokers & companies
- D2C
The Market
The U.S. corporate wellness market size was estimated at USD 21.2 billion in 2019.
The U.S. corporate wellness market is expected to grow at a compound annual growth rate of 4.8% from 2020 to 2027 to reach USD 31.0 billion by 2027.
The health risk assessment segment dominated the U.S. corporate wellness market with the highest share in 2019.
Global workplace wellness is a $48 billion market in 2017, projected to grow to $65 billion in 2022.
The global mental health market was valued at $383.31 billion in 2020, and is estimated to reach $537.97 billion by 2030.
The U.S. Behavioral Health Market was valued at US$ 90.5 billion in 2020 and is projected to be worth around US$ 132.4 billion by 2027, registering a CAGR of 5.3% from 2021 to 2027
Who do Employers get their ROI? PRODUCTIVITY!!!
According to data supplied by the American Psychiatric Association, employees with unresolved depression experience a 35% reduction in productivity, contributing to a loss to the U.S. economy of $210.5 billion a year in absenteeism, reduced productivity, and medical costs.
According to a study from The American Heart Association, Mental Health is a workforce issue. Depression cost US employers $9,450 per year, per employee, in depression alone.
Investment Goal: $550k
•$145k – Will be used to hire the help of a software engineer/developer team. This will allow us to streamline the process and give us a full functioning product before taking to market. (6-month project max).
•$75k – Will be used to bring on a Fulltime software developer and partner. He/she will be a senior level developer that will assist in the platform construction, the data reporting, and connectivity to end user.
•$45k – Will be used for real estate, to lease an office building. (1–2-year lease).
•$50k – Will be set-aside and used for our initial market campaign, once we have our platform functioning. (3-6-month budget).
•$185k – Will be used as working capital. This will include payroll for CEO & COO (does not include payroll for IT director), legal services including licensing and certifications, insurance, and misc. equipment needed.
•$50k – will be used for inventory of supplies needed to interact with customers (tablets, initial supply of laboratory supplies & biometrics supplies).