Statistically, at least 1 in 8 people have at least one mental health diagnosis, i.e. anger, depression, anxiety, stress disorder, etc. Music psychotherapy managed by mental health professionals has been studied for years, proven as an effective preventive therapy, saving mental health patients from hospitalizations, which can cost over $100,000 in one admission. Per "The High Cost of Caring for Adults with Serious Mental Illness (SMI) and Its Implications for the Affordable Care Act" by J. Michael McWilliams et al., the average annual cost of care for a person with serious mental illness is approximately $24,000, with hospitalizations accounting for a significant portion of these costs. Actual Data from the CHiR database with 50M+ Medicaid claims data at Arizona State University has shown price can go up to $130,000 USD per year.
As SoFin X-Socion engine can speedily drive targeted viewers into our AI Musicio Therapy platform, we are expanding the same general public infrastructure with selected therapeutic content into two revenue models in healthcare:
Currently, our AI-generated music content can be viewed on our YouTube partner channels with hundreds of million views monthly. Our behavioral AI music therapy via SoFin AI Musicio Therapy proprietary technology constantly creates trendy AI therapeutic content, social listening with over 3,000 servers of ours using a blockchain platform.
Our blockchain marketplace method is based on connecting counselors with users, where payments can be both in NFT and from payers via our FinTech platform. Above is a diagram illustrating how our SoFin AI Musicio Therapy platform is developed and evolved into mental health therapies.
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