Business
New product to improve workplace mental health
New product to improve workplace mental health.
About this update from Cambridge Cognition Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9072R Cambridge Cognition Holdings PLC 20 June 2018 \n\nCambridge Cognition Holdings Plc\n('Cambridge Cognition' or the 'Company')\nNew product to improve workplace mental health\n \nThe digital neuroscience company Cambridge Cognition Holdings plc (AIM: COG), which develops and markets digital solutions to assess brain health, is pleased to announce a planned new software product to assess mental health and wellbeing at work, CANTAB BrainHealth™.\n \nMental health conditions, such as depression, anxiety and stress, are the leading cause of disability worldwide1. In the workplace, 470 million workdays are lost each year due to poor mental health in the UK and US alone, costing employers an estimated $225.8 billion per annum2. \n \nThe majority of these costs are as result of 'presenteeism', the loss of productivity in employees affected by a mental health condition, which will often go unreported until symptoms worsen and require time away from work.\n \nWhile there is a growing awareness of the need for mentally fit workplaces, to date these have focused on education around what mental illness is and what to do if someone requests help. What has not been addressed well is how to identify problems before they affect health and performance. \n \nLaunching in H2 2018, CANTAB BrainHealth™ is a fast, accurate and easy-to-use digital health product. Designed for occupational health professionals, it will measure and monitor mental wellbeing and cognitive performance in the workplace and help combat the growing global mental health crisis. The Company expects to work closely with channel partners, initially in the US and the UK, to commercialise the product.\n \nUsing proprietary cognitive assessment technology, the Company's new product accurately measures cognition and mood objectively, identifying signs of an underlying brain health condition early. \n \nThe short assessment instantly reports on the individual's wellbeing, comparing their performance with expected healthy levels and providing expert advice from healthcare professionals on ways to intervene and improve. Follow-up assessments can then monitor the individual's health over time, helping to track their progress.\n \nDr Jenny Brockis, an independent brain health and workplace performance consultant said: \"T...