Talkspace, an app based therapy service that provides thousands of its members the ability to seek help from a licensed therapist via text message and or video chat has recently announced to the public that the company will bring on the former chief medical officer of United Health Neil Leibowitz. The hiring by CEO Oren Frank is said to have transpired due to the speculation of the company wanting to go IPO or an Initial Public Offering sometime in the future. The addition of a chief medical officer would surely increase the value of the company and therefore attract potential investors. Watch Oren Frank on Youtube to learn more.
Recently on an interview with CNBC, CEO Oren Frank stated that the company had reached an incredible milestone with its signing up its one-millionth member. The companies success comes as no surprise as it’s been deemed one of the most affordable methods of receiving therapy. In an era of high medical bills, TalkSpace offers their services for only $79 for a weekly therapy membership and $49 to consult with a mental health professional. The company today according to Oren Frank is said to be generating tens of millions of dollars and he hopes that many more can sign up and take advantage of the great service provided by TalkSpace.
The addition of Neil Leibowitz to the TalkSpace team will also include a few major benefits. These include allowing TalkSpace physicians to prescribe medicine to their users, the procedure, however, will be closely watched over federal and state laws that require these prescriptions to be made only over video-chat. Another benefit to the addition of Neil Leibowitz is the fact that he brings s plethora of experience working as an insurance executive. Neil’s talents will aid CEO Oren Frank in his quest to provide employers the ability to purchase a TalkSpace plan that they can then offer to their employees.