Talkspace is a revolutionary startup that offers therapy services through a video chat. In its bid to improve its standing to employers, Oren Frank, its CEO, recently hired a medical officer; Neil Leibowitz. Mr. Leibowitz who worked as a United Health’s medical director prior to this appointment joined Talkspace this month. His appointment comes hot on the heels of the company’s plans to establish its business enterprise ahead of a potential IPO.
Talkspace offers several services and each differs in terms of cost. Talking to a therapist online, for instance, will cost you $79 while messaging a mental health expert costs $49. After five years in business, Oren Frank; its CEO divulged that it had finally hit 1 million users. As a result, he said that the company rakes in tens of millions of dollars. Connect Oren Frank on Twitter for updates.
With Leibowitz now on board, physicians at Talkspace will soon be in a position to prescribe medicines whenever the need arises. For the psychiatrists, however, they can only prescribe using the video tool thanks to the restrictive federal regulations. According to Leibowitz, the company is still in deliberation to determine if there will be any exceptions on prescriptions, especially for medications like opiates.
Oren Frank notes that Talkspace has been lurking behind on the corporate side of the business and hope that with the arrival of Leibowitz, things are changing for the better. This will help boost the efforts made last year when the company partnered with employer-focused Magellan Health.
Notably, employers are now taking mental health seriously, especially after the recent report that showed an increase in anxiety and depression among millennials. This trend will have a significant impact on productivity if nothing is done about it soon enough. Oren Frank is excited that he is leading the way in the bid to make therapy more affordable by using the online platform as the most convenient means to do so.
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