Behavioral Health Business August 6, 2024
Virtual mental health provider Talkspace (Nasdaq: TALK) is stepping into the unknown as it doubles down on its efforts to work with more government payers, such as Medicare and TRICARE.
On Tuesday, top executives at the company said that it doesn’t yet have a solid idea, beyond estimates, of how the economics of working with American seniors or military members and their families will compare to its core commercial payer contracts.
Both efforts are just beginning. Talkspace announced in May that it would be offering Talkspace via Traditional Medicare by the end of the year in all 50 states and that it would be in-network with several Medicare Advantage plans by the end of the year. Medicare Advantage is a...
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