Talkspace Debuts New Tool for Pandemic Stress

Virtual behavioral health provider Talkspace has launched a free, 10-day curriculum to help people cope with increased feelings of anxiety, depression and stress resulting from the COVID-19 pandemic.

Talkspace’s Healing Curriculum was created by licensed therapists and is administered online. The curriculum’s daily mental health lessons can help users do everything from identify emotional triggers to develop coping skills.

The goal is to get users to explore and prioritize their mental health, the company said in a press release announcing the news.

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More people have struggled with mental health challenges since the onset of COVID-19. The American Psychological Association, for example, reports that 78% of adults said the pandemic has been a significant source of stress in their life.

“This was one of the most difficult years Americans have experienced in modern history as individuals and couples struggled to confront the isolation and fear they were facing,” Talksapce CEO and co-founder Owen Frank said in the press release. “If there is a silver lining, it’s that many Americans chose not to struggle alone and instead sought help from trained therapists and mental health practitioners on our platform and many others. Talkspace will continue to make it easier to access care as people emerge from this crisis, including through this new and free Healing Curriculum.”

New York-based Talkspace provides a variety of counseling services through monthly, annual and biannual subscription plans. Those include 30-minute therapy sessions, along with 24/7 support from therapists and psychiatrists, who users can contact through text, video or voice message up to five times a week.

The company also partners with a number of businesses to provide services to workers through employee assistance programs (EAPs).

Founded in 2011, Talkspace has served more than 2 million individuals to date and is covered by insurance for more than 40 million people. The company has also raised more than $106 million, according to fundraising tracking website Crunchbase, and counts Olympic gold medal-winning swimmer Michael Phelps and singer Demi Lovato as advertising partners.

In January, Talkspace announced plans to go public when it merged with the special purpose acquisition company (SPAC) Hudson Executive Investment Corporation (Nasdaq: HECCU), otherwise known as HEC.

Often referred to as a “blank check company,” SPACs purchase businesses and take them public, allowing them to forego the traditional IPO process.

After the $1.4 billion deal is complete, the new company will trade on the Nasdaq under the ticker TALK.

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