Teletherapy company Talkspace announced the formation of an AI Innovation Group to improve provider efficiency while ensuring responsible and ethical use of AI in the platform.
The group includes all Talkspace personnel and is led by Talkspace's general manager of AI, Michael Rodio, and the company's AI project manager, Katie McCrudden.
Dr. Nikole Benders-Hadi, Talkspace's chief medical officer...
Talkspace reported an 11% increase in revenue in the first quarter that was driven by an increase in its business-to-business sales.
The teletherapy company reported $33.3 million in revenue compared with $30.2 million in the prior-year period. It noted a 71% increase in its B2B revenue year-over-year and 40% decline in its consumer revenue.
The New York-based company reported a net loss of $8.8...
Teletherapy provider Sensible Care scored $13 million in a Series A funding round led by Volition Capital with participation from Skyline Investors.
WHAT IT DOES
Founded in 2017, the startup offers virtual therapy and psychiatry services for patients, including children and couples. Sensible Care also provides in-person transcranial magnetic stimulation, a therapy used for patients with...
Pediatric teletherapy company DotCom Therapy announced Wednesday it has acquired Wolf+Friends, a support app for parents of children with special needs, mental health concerns and learning disabilities.
This marks DotCom's first acquisition since it was founded in 2015. As part of the deal, Wolf+Friends' community app will relaunch this summer to include support groups facilitated by DotCom's...
Therapists serving patients from lower socioeconomic status groups, as well as couples and families, are less likely to continue teletherapy after the COVID-19 pandemic, according to a study published in JMIR.
The study surveyed mental health professionals currently using telehealth between January and April last year about their practices, experiences moving to and using teletherapy, and their...
Teletherapy company Talkspace announced Monday that president and chief operating officer Mark Hirschhorn had resigned following an internal review of his conduct “in connection with a company offsite that took place late last week.”
In a statement, the company said that Hirschhorn’s resignation was effective immediately and that Talkspace’s executive team would handle his responsibilities....
Period-tracking app Flo closed a $50 million Series B financing round, bringing the company’s valuation to $800 million.
The round was led by VNV Global and Target Global. London-based Flo said the latest round brings its total raise to $65 million.
Flo said it will use the capital to improve personalization and give users more advanced insights into their cycles and symptoms. The company also...
The National Institutes of Health have awarded the teletherapy platform Talkspace two grants worth nearly $7 million to research patients’ experiences with digital mental health services.
The first grant is almost $4 million and comes from the NIH’s National Institute of Mental Health Small Business Innovation Research (SBIR) program. It will support a four-year randomized control trial that...
This morning META announced a new virtual health platform designed specifically for college students to access mental health care.
The new platform will let students choose their therapist viewing credentials, language, gender, faith, therapy style and plans accepted. Students are able to pay for the services out of pocket, or go through their insurance.
The platform was also designed to give...
Sunrise, Florida-based MDLive, which offers telehealth services including patient-to-physician remote visits via mobile devices, has acquired online therapy provider Breakthrough Behavioral. The financial details of the acquisition were not disclosed.
Breakthrough Behavioral has raised at least $5.9 million to date.
The acquisition will allow MDLive to expand its services and offer patients...
