Talkspace to provide virtual therapy services to 13 million traditional Medicare members
Rollout starting in May 2024 in 11 states including California, Florida, and New York
Focus on addressing mental health needs of seniors with limited access to behavioral health providers
Mission to make high-quality tele-mental health therapy accessible to millions of Americans through insurance
Investments made in infrastructure to ensure seamless access to care for Medicare members

Talkspace offers online therapy and psychiatric services, including medication prescriptions and management. Clients engage with licensed therapists and psychiatric providers via messaging or live video sessions. The startup simplifies access to mental health care through insurance partnerships, allowing many users to pay with copays, or directly through employers and out-of-pocket options starting at $69/week. Talkspace matches clients with therapists, optimizes for convenience and flexibility, removes the hassle of in-person sessions, and allows easy switches between providers. Their methods are evidence-backed, with users reporting improvements in anxiety/depression and indicating high satisfaction, often rating it equal to or more effective than traditional therapy.

Talkspace

Online therapy, medication management, convenient mental health treatment access.

Talkspace Medicare Launch Expansion

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