Talkspace, which is an online start-up which offers online therapy via video chat has hired Neil Leibowitz a medical officer from United Health to be prescribed medicines to the patients through the app. Through the online business of meeting the needs of the patients, the company has been able to generate millions of dollars in revenue according to its CEO Oren Frank. The company claims to have reached one million users who are paying for the therapy services, and it is projected that the number will keep on increasing.
According to Oren Frank, the CEO of Talkspace, Neil Leibowitz brings the experience he has earned at UnitedHealth, and if they tap his potential, the company will benefit immensely. The hiring of a medical officer comes only when the company just built its enterprise business and a considerable potential IPO. Once Neil Leibowitz will be on the board of the Talkspace physicians he will be prescribing medicines to the patients. The company is yet to set rules on what can be prescribed and what cannot be prescribed according to Neil Leibowitz. Other independent consultants will only be able to prescribe medicines according to the rules set by the federal regulations. Follow Oren Frank on Twitter for updates.
The cost of therapy sessions
Currently, Talkspace offers a $79 weekly services, which cover talking to a therapist online, an additional $49 for messaging a mental health care professional. If the one wishes to continue consulting the therapist for further treatment the payment will vary depending on their condition and the charges of the therapist. According to Oren Frank, the company is generating millions of money from their online therapy services.
Focus on mental health
The company is mainly focused on issues of, mental health; this can be seen on the issues Oren Frank posts on his social media account. He especially focuses on the issue of depression on his twitter account. He says that Talkspace makes their patients have a different perspective on mental issues and that they can overcome any mental challenge.