The impact of behavioral health staffing strategies extends beyond the HR office. Success or failure in hiring, training and retention can make or break the best-laid plans. Workforce strategies are the first move in the proverbial game to create clinical offerings that impress a behavioral health provider’s patients, payers, existing clinicians and prospective clinicians. But […]
Talkspace (Nasdaq: TALK) has debuted a new integration with Amazon Pharmacy. In doing so, Talkspace becomes the first behavioral health provider to coordinate with the retail giant’s pharmaceutical offerings, company leaders told Behavioral Health Business. The arrangement with Amazon (Nasdaq: AMZN) will simplify medication management for Talkspace providers, allowing them to send prescriptions directly to […]
This is an exclusive BHB+ story About a month ago, I was talking to a source who told me psychiatrists and therapists rarely speak to each other. As absurd as that is, with these two specialties so closely aligned and no discourse, it got me thinking: What other specialties should really be brought into the […]
Talkspace (Nasdaq: TALK) is reaping the benefits of going in-network with payers. The digital provider increased its payer business by 33% in the first quarter of 2025. Talkspace is now boasting its fifth profitable quarter in a row, with revenue up by 15% to $52.2 million. Payer sessions were up 23% in the first quarter […]
This is an exclusive BHB+ story Several larger behavioral health providers have inked partnerships with public entities as a way to expand access to care and seal valuable deals. These partnerships, worth tens of millions of dollars a year, are highly competitive, sources told Behavioral Health Business. While mutually beneficial, signing a high-profile deal with […]
After rocky years on the public market, Talkspace appears to be rebounding and hints at even pursuing inorganic growth strategies. This comes as the virtual behavioral health company increased its full-year 2024 revenue by 25% to $187.6 million, driven mainly by a 54% increase in payer revenue. The telehealth company achieved profitability for the first […]
Thanks to Talkspace’s (NASDAQ: TALK) new partnerships with public payers, Tricare and Medicare, more individuals now have free access to the company’s assets. The tricky part is garnering awareness about the services. Talkspace is also set to cover 200 million lives and is working to improve awareness that its services may be free for many […]
Despite growing payer interest in digital behavioral health services, industry insiders agree significant challenges still need to be addressed in insurers’ virtual care contracting strategies. While traditional virtual mental health care has gained in popularity, there are still many services that digital behavioral health companies offer that aren’t covered by the government or traditional payers. […]
Talkspace Inc. (Nasdaq: TALK) is now profitable on an unadjusted basis, a notable milestone for a company that has nearly completely transformed its focus. The payer- and enterprise-focused digital mental health provider posted a net income of $1.87 million in the third quarter of 2024, a more than $6 million turn of fortunes compared to […]
Digital mental health provider Talkspace Inc. (Nasdaq: TALK) is now selling its services on Amazon. Specifically, Talkspace will be offered through Amazon Health Services’ Health Conditions Programs. These programs are meant to help consumers get access to insurance-covered services that they might not otherwise be able to access. Talkspace is the first virtual behavioral health […]
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