What is StrongMinds’ room for more funding, and do you expect the cost-effectiveness of the marginal dollar (ie. additional funds) to be any worse than the average cost-effectiveness of StrongMinds?
StrongMinds seeks to treat 300,000 women and adolescents between 2022 through 2024. To do that, we need to raise $30M U.S. dollars. To date, we’ve raised about $13M, which leaves us at a shortfall of $17M. So there is lots of room for more funding!
In 2022 we expect the cost to treat one patient will be $105 USD. By the end of 2024, we anticipate the cost per patient will have decreased to just $85. We will continue to reduce the cost of treating one woman even while our numbers increase. This is through effective scaling and continuing to evaluate where we can gain more cost savings. A donation to StrongMinds will be used as effectively and efficiently as possible. And when you think about what it costs for therapy in the United States, to spend just $105 and treat a woman for depression is a pretty incredible feat.
Thanks so much for your awesome work!! :)
What is StrongMinds’ room for more funding, and do you expect the cost-effectiveness of the marginal dollar (ie. additional funds) to be any worse than the average cost-effectiveness of StrongMinds?
StrongMinds seeks to treat 300,000 women and adolescents between 2022 through 2024. To do that, we need to raise $30M U.S. dollars. To date, we’ve raised about $13M, which leaves us at a shortfall of $17M. So there is lots of room for more funding!
In 2022 we expect the cost to treat one patient will be $105 USD. By the end of 2024, we anticipate the cost per patient will have decreased to just $85. We will continue to reduce the cost of treating one woman even while our numbers increase. This is through effective scaling and continuing to evaluate where we can gain more cost savings. A donation to StrongMinds will be used as effectively and efficiently as possible. And when you think about what it costs for therapy in the United States, to spend just $105 and treat a woman for depression is a pretty incredible feat.
Thanks Sean, amazing work!