Behavioral Health Business May 14, 2024
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 to expand its Medicare coverage to all traditional Medicare members and several Medicare Advantage plans by the end of the year.
The Medicare market represents a massive new patient population for the provider to tap into. Roughly 25% of people 65 and older are living with mental health conditions, according to the National Council on Aging.
Talkspace announced its interest in the...
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