In the wake of reaching the incredible milestone of obtaining their one-millionth user, the online therapy service company TalkSpace along with their CEO Oren Frank have announced that they will be bringing in Neil Leibowitz, a former United Health Senior Medical Officer to lend his expertise to not only make the service better for users but further the companies pursuit to offer their services to employers across the country as well. Although initially skeptical, Neil states that he quickly came to appreciate and respect the work being done by the TalkSpace team and quickly accepted the job offer. Read more at talkspace.com by Oren Frank
The strategic move by CEO Oren Frank is said to be done because of the companies potential interest in going into an IPO or Initial public offering, which of course can make the company more appealing to potential investors. However, TalkSpace has managed to generate their own interest as they have been one of the years fastest growing start-ups. In a recent CNBC interview, CEO Oren Frank stated that the company is now in the position where they are generating tens of millions of dollars.TalkSpace, which offers an incredibly affordable service compared to traditional face to face therapist, allows users to have access to their service for a weekly $79 for a therapist and or $49 for a mental health professional.
Recently, CEO Oren Frank shared on his Twitter an article regarding the necessary call for investors and entrepreneurs to seek help if they are struggling with their mental health. In the article, a study conducted by Michael Freeman concludes that over 50% of entrepreneurs have reported having some sort of mental health issue. This important issue in the workplace has prompted Oren Frank to utilize Neil Leibowitz’s talents as a former insurance executive to begin rolling out the TalkSpace service into the workplace by first reaching their employers and discussing the importance of having a mentally healthy staff.