Talkspace is an online therapy start-up that offers its services to clients via mobile based applications. Clients or patients using Talkspace can opt to receive therapy services via text or video. In a recent interview, Talkspace’s CEO, Oren Frank revealed that the firm is getting serious about selling to employers. The start-up recently hired a chief medical officer who was previously working at UnitedHealth to make this a reality.
Oren Frank revealed that the hiring of Neil Leibowitz comes at a great time as the company has more than one million active users. With Neil’s expertise, Talkspace will be in a position to prescribe prescription drugs to its clientele. Read more on Wikipedia.
Talkspace charges its clients $79 for a weekly service that enables the user to talk to a therapist. The weekly charges for texting a mental health expert is $49. Oren Frank also revealed that the firm is generating tens of millions in revenue, which is excellent news for investors eyeing a looming (IPO) initial public offering.
According to Neil, Talkspace has not yet decided on whether it will exclude medication such as opiates from its list of prescription drugs. But what we can be sure of is that Talkspace’s physiatrists, who are independent consultants, will be in a position to prescribe medication using a video tool as state and federal law requires.
About Oren Frank
Oren Frank is the current CEO of Talkspace while also being its Co-Founder. Founded in 2012, Talkspace objective is to make psychotherapy both accessible and affordable to millions of people who need the service globally. Talkspace is a B2C firm that pioneered the “Unlimited Messaging Therapy”, a contemporary solution that is proving beneficial in removing key barriers to entry to the outpatient mental healthcare services. Under the leadership of Oren Frank, Talkspace is proving to be beneficial as more clients are enrolling for its service.