Behavioral Health Business November 2, 2023
Digital behavioral health company Talkspace (Nasdaq: TALK) is on track to achieve profitability by the first quarter of 2024. Part of its strategy for achieving this goal is branching out to a new demographic: teens.
Talkspace’s continued focus on its B2B segment resulted in net revenue of $38.6 million in Q3, a 32% year-over-year increase. It’s poised to expand to cover millions more lives and develop its services for adolescents.
“It’s quite honestly a moral imperative for us to be able to deliver a solution that’s accessible, scalable and affordable to teens,” Jon Cohen, CEO of Talkspace, told Behavioral Health Business.
Talkspace has multiple deals in the works to expand its adolescent programs and has tested its AI-driven algorithm...
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