STOCK TITAN

ŌURA and Talkspace Launch First-of-Its-Kind Holistic Sleep Partnership

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
partnership
Rhea-AI Summary
ŌURA and Talkspace partner to allow members to share personalized sleep data with therapists through ŌURA's Share Report feature. This partnership aims to improve mental health treatment and create personalized care plans. ŌURA offers a limited-time co-promotion of $40 off any Oura Ring purchase and a complimentary month of subscription to Talkspace members. Talkspace offers $100 off the first month of services to Oura Members.
Positive
  • Partnership with Talkspace improves mental health treatment and personalized care plans
  • Limited-time co-promotion offers discounts to members
Negative
  • None.

Powered by leading smart ring’s new Share Report feature to provide insights for more personalized care

NEW YORK--(BUSINESS WIRE)-- Today ŌURA, the company behind the smart ring that delivers personalized health data, insights, and daily guidance, and Talkspace, a leading online behavioral health company, announced a partnership that will offer their members a way to share personalized sleep data directly with their dedicated licensed therapist through Talkspace’s secure, encrypted platform.

This first-of-its-kind partnership, powered by ŌURA’s new Share Report feature, opens up a new way for healthcare practitioners to receive insights about a person’s sleep quality and daily movement to understand how a person is progressing in between visits, create more personalized treatment plans, and set goals that the client and provider can track together.

ŌURA’s Share Report feature allows members to share an easy-to-understand report with a trusted professional, like their therapist. The choice to share the report with trusted professionals is entirely user-led and voluntary. Oura Members can customize their report to show sleep quality and daily movement trends from the past week, month, or 90 days.

“Both ŌURA and Talkspace believe in pioneering new ways of integrating physical and mental health, helping people to improve their quality of life,” said Dorothy Kilroy, Chief Commercial Officer at ŌURA. “ŌURA’s Share Report allows practitioners a complete picture of how their patients are doing in between visits. This can have a ripple effect; the more fluent and literate people are about their own bodies, the better equipped they are to have helpful conversations with providers about their mental health and overall wellbeing.”

“Sleep quality is one of the first items assessed on our patient intake and is viewed as a valuable marker of mental health,” said Katelyn Watson, Chief Marketing Officer at Talkspace. “By bringing together ŌURA’s capabilities with Talkspace’s clinical expertise, we are empowering members to look holistically at how they can improve their health and well-being at work and in life.”

Talkspace’s Council of Mental Health Experts were included in ŌURA’s initial focus group testing, and ŌURA provided Talkspace’s network of 4,000+ licensed therapists, psychiatrists, and psychiatric nurse practitioners with guidance on interpreting the data and how they can use it as part of an individual’s care.

“Sleep data can help prompt conversations about what might be disrupting their routine or what might be a barrier to getting adequate sleep,” said Bisma Anwar, LMHC and part of Talkspace’s Council of Mental Health Experts.“Whether an individual’s therapy goals are to strengthen relationships, boost work productivity, improve mood, or nearly anything else, getting enough quality sleep is a fundamental first step.”

The Share Report feature is available to all ŌURA Members, and those who wish to share with their Talkspace therapist must also be Talkspace members – either through in-network health insurance coverage, as an employer benefit, or by self-pay subscription.

To kick off the partnership, the two brands have also announced a limited-time co-promotion to members for 60 days following the partnership announcement date (ending 10/1/23):

  • ŌURA will offer forty dollars ($40.00) off any purchase of Oura Ring and one (1) complimentary month of subscription to the ŌURA App to Talkspace members.
  • Talkspace will offer one hundred dollars ($100.00) off the first month of Talkspace services to ŌURA for use by Oura Members who pay out-of-pocket.

About Oura

ŌURA is the company behind Oura Ring — the smart ring that delivers personalized health data, insights, and daily guidance. With sleep as its foundation, ŌURA Membership fosters healthy habits to make wellness and recovery a mindful, daily practice. Validated against medical gold standards and driven by continuous monitoring of individual biometrics, the lightweight and comfortable Oura Ring is one of the most accurate wearables available. For organizations, Oura For Business connects individual well-being with collective outcomes by making performance measurable, actionable, and attainable. Founded in Finland with offices in Oulu, Helsinki, San Francisco, and San Diego, ŌURA has raised more than $350 million and is valued at $2.55 billion. For more information, please visit http://ouraring.com/.

The Oura Ring is not a medical device and is not intended to diagnose, treat, cure, monitor, or prevent medical conditions/illnesses.

About Talkspace

Talkspace (Nasdaq: TALK) is a leading virtual behavioral healthcare company committed to helping people lead healthier, happier lives through access to high-quality mental healthcare. At Talkspace, we believe that mental healthcare is core to overall healthcare and should be available to everyone.

Talkspace pioneered the ability to text with a licensed therapist from anywhere and now offers a comprehensive suite of mental health services from self-guided products to individual and couples therapy, in addition to psychiatric treatment and medication management. With Talkspace’s core psychotherapy offering, members are matched with one of thousands of licensed providers across all 50 states and can choose from a variety of subscription plans including live video, text or audio chat sessions and/or asynchronous text messaging.

All care offered at Talkspace is delivered through an easy-to-use, fully-encrypted web and mobile platform that meets HIPAA, federal, and state regulatory requirements. Talkspace covers approximately 110 million lives as of June 30, 2023, through our partnerships with employers, health plans, and paid benefits programs.

For more information, visit www.talkspace.com.

For ŌURA:

Ali Deasy | alison.deasy@ouraring.com

For Talkspace:

John Kim | jkim@skdknick.com

Source: ŌURA

Talkspace, Inc.

NASDAQ:TALK

TALK Rankings

TALK Latest News

TALK Stock Data

544.78M
163.58M
3.13%
59.98%
3.01%
Health Information Services
Services-health Services
Link
United States of America
NEW YORK