STOCK TITAN

University of Kentucky Partners With Talkspace to Provide Free Therapy for Students as New School Year Begins

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
partnership
Rhea-AI Summary

Talkspace (NASDAQ: TALK) has partnered with the University of Kentucky to provide all students free access to therapy services, including messaging, live video sessions, and a Self-Guided therapy app, addressing rising mental health concerns. Mental health issues among college students have increased significantly, with depression and anxiety rising 135% and 110%, respectively, from 2013 to 2021. The partnership aims to enhance student wellbeing and follows Talkspace’s collaboration with over 20 educational institutions for similar services.

Positive
  • Partnership with the University of Kentucky enhances brand visibility and expands service reach.
  • Provides free therapy services to students, potentially increasing user engagement and subscriptions.
  • Addresses a pressing need for mental health support amid rising student anxiety and depression.
Negative
  • None.

UK becomes the latest university to prioritize student mental health amid ongoing effects of the pandemic

NEW YORK--(BUSINESS WIRE)-- Talkspace (NASDAQ: TALK), a leading online behavioral health care company, has partnered with the University of Kentucky (UK) to provide all current students with free Talkspace therapy, including messaging, live video sessions, and access to its signature Self-Guided therapy app, as young Americans experience historic levels of stress and anxiety.

“With a new school year upon us, we’re proud to be partnering with Talkspace to bring our students these much-needed support services,” said Corrine Williams, Acting Associate Vice President for Student Wellbeing at UK. “People across the country are grappling with an unprecedented mental health crisis and our goal is to make accessing support like Talkspace as seamless as possible. Whether it’s talking to a therapist via text or using self-guided tools on their own time, there’s something for everyone in the suite of Talkspace services.”

Mental health among college students has been in decline for most of the last decade. Research found that between 2013 and 2021, depression and anxiety among college students increased 135% and 110%, respectively. The crisis worsened during the pandemic, amid lockdowns and increased isolation, as 3 in 5 college students were diagnosed with a mental health condition including depression and anxiety. And yet, just 3 in 10 students who received counseling did so through their college – often citing a lack of awareness of available services.

With its new Talkspace partnership, UK joins the growing cohort of higher education institutions nationwide building a network of support services to bolster student wellbeing at a time of extraordinary need. To date, Talkspace brings students proven, high-quality mental health support to students at more than 20 colleges and universities including George Washington University, Williams College, Swarthmore College, and West Virginia University.

“The barriers to getting help are still great for so many. We applaud University of Kentucky for prioritizing the mental health of its students and making these services more accessible,” said Amanda Conway, SVP, Employer Strategy for Talkspace. “We’re thrilled to be in partnership with such an incredible institution and to stand together to help students as we enter another school year since the pandemic.”

Talkspace now works with more than 25 total higher education institutions, serving students and/or educators and staff.

About Talkspace
Talkspace is a leading virtual behavioral healthcare company enabled by a purpose-built technology platform. As a digital healthcare company, all care is delivered through an easy-to-use and encrypted web and mobile platform, consistent with HIPAA and state regulatory requirements.

Today, the need for care feels more urgent than ever. When seeking treatment, whether it's psychiatry or adolescent, individual or couples therapy, Talkspace offers treatment options for almost every need. With Talkspace, members can send their dedicated therapists text, video, and voice messages anytime, from anywhere, and engage in live video, audio or chat sessions.

For more information about Talkspace commercial relationships, visit https://business.talkspace.com/. Learn more about online therapy, please visit https://www.talkspace.com/online-therapy/. To learn more about Talkspace Psychiatry, please visit https://www.talkspace.com/psychiatry.

Vig Tharmarajah | vtharmarajah@skdknick.com

Source: Talkspace

FAQ

What new partnership has Talkspace announced?

Talkspace has partnered with the University of Kentucky to provide free therapy services to students.

What services will Talkspace offer to University of Kentucky students?

Services include messaging, live video sessions, and access to a Self-Guided therapy app.

How has mental health among college students changed recently?

Mental health issues among college students have significantly worsened, with depression increasing by 135% and anxiety by 110% from 2013 to 2021.

How many universities does Talkspace currently partner with?

Talkspace now works with more than 25 higher education institutions.

What is the significance of Talkspace's services for students?

Talkspace's services aim to increase accessibility to mental health support for students during a time of heightened need.

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