The Next Chapter for Mental Health Coverage and Business Models

All was relatively quiet on the behavioral health front for publicly traded companies in Q1, reflecting the typically sleepy nature of the first quarter for those seeking to wrap up old initiatives and start new ones. Don’t get me wrong: It’s not like nothing happened or there isn’t anything worth pondering. Quite the opposite, in […]

Reframing Behavioral Health Marketing: ‘Not B2B or D2C, It’s Human to Human’

Recently, digital behavioral health companies have significantly shifted their focus from D2C to B2B. However, when marketing these services, the transition between audiences doesn’t require a steep learning curve. Virtual behavioral health provider Talkspace (Nasdaq: TALK) is one of those providers that has doubled down on its B2B efforts, prioritizing payer and enterprise relationships. “It’s […]

Virtual Mental Health Provider Talkspace Taps Into Medicare Market

After months of teasing the expansion, virtual mental health giant Talkspace (Nasdaq: TALK) has entered the Medicare market.  Talkspace’s services will now be available to 13 million members in 11 states, including California, Florida, New York, Ohio, New Jersey, Virginia, Missouri, Maryland, South Carolina, New Mexico and Idaho. However, the virtual care company has plans […]

Talkspace Achieves Profitability, Reveals Medicare Push

Talkspace Inc. (Nasdaq: TALK) continues to thin its financial losses as it grows its payer- and government-focused business lines.  The once direct-to-consumer, texting-based digital therapy company continues to move closer to profitability. On an adjusted basis, earnings totaled about $774,000. This is the first profitable quarter since the company’s IPO in 2021. Its net loss, […]

Digital Behavioral Health Providers Poised to Deliver Coveted Outcomes Data, but Contracts Remain Customized

Payers and employers are moving away from a strictly fee-for-service model and looking for outcomes from behavioral health providers. As the transition to outcomes-based payment gains momentum, digital health providers might be well-positioned to partner with these entities because of their data-collecting capabilities. Behavioral health providers have traditionally lagged behind physical health providers when it […]

Is an IPO Worth It? What Good Exits in Behavioral Health Will Look Like in 2024.

Behavioral health dealmaking will likely pick up in 2024 but initial public offerings (IPOs) may be noticeably absent. The private market — especially private equity investors and their platforms — has more than enough capital and motivation to do deals, making this year a compelling time for exits and trades. Still, experts tell Behavioral Health […]

Talkspace Targets Teens and Seniors in Payer, Enterprise Push

In 2024, Talkspace (Nasdaq: TALK) will focus on expanding its services to teenagers and seniors via new partnerships with schools and municipalities, as well as broadening its reach within the Medicare program. Talkspace, which started as a direct-to-consumer company, continues to double down on its payer partnerships and direct-to-enterprise (DTE) strategy. Part of that strategy […]

Talkspace Partners with Bicycle Health to Break Down Barriers to Mental Health and Addiction Care

Virtual mental health provider Talkspace (Nasdaq: TALK) has inked a deal with digital addiction operator Bicycle Health to provide both companies’ patients with access to both therapy and opioid use disorder (OUD) treatment. More than 21 million adults have both a mental illness and substance use disorder (SUD), according to the 2022 National Survey on […]

Talkspace To Make Long-Held Medicare Expansion a Reality in 2024

Talkspace Inc. (Nasdaq: TALK) continues to push into new payer partnerships and new patient populations by announcing that it will serve traditional Medicare and Medicare Advantage members. The move marks yet another level of progression in the New York City-based tele-mental health company’s evolution into a company that generates business by working with enterprises that […]

Top Behavioral Health Trends for 2024

After a tumultuous 2023, 2024 may be a steadier year for the behavioral health industry. While behavioral health deals slipped in 2023, Behavioral Health Business expects M&A to pick up this year as interest rates fall and the economy stabilizes. Still, the M&A craze of 2021 is unlikely, and mega deals will be scarce. This […]