Oren Frank is the CEO and co-founder of Talkspace. The mental health app has grown since launching in 2012, with 1 million paid users and a value of $50 million. Frank credits his background in advertising and marketing for the growth. But it was a couple’s counseling session that first inspired him to envision a better world with “therapy for all.”
Birth of an Idea
Oren Frank came up with the idea for Talkspace with his wife, when they noticed that the quality of their lives had improved with therapy. He also observed that traditional therapy was inconvenient to modern life. Schedules were growing more hectic, and people were growing more dependent on mobile phones. Frank came up with a solution to all this, by marrying therapy with modern technology.
Therapy for All
Today, users on Talkspace can access a licensed and trained counselor from anywhere with an internet connection. The unique platform allows licensed counselors to treat patients through video calls and texting. A monthly subscription model makes the service less expensive than traditional therapy. Talkspace has made therapy more affordable, but it has broadened the market for people seeking therapy. Most Talkspace users would not ordinarily seek therapy on their own if a mobile option wasn’t available. The app helps people with disabilities, in rural areas, or traveling abroad, who have limited access to therapists.
Using Tech to Better Society
Oren Frank started his company with the goal of providing accessible, affordable therapy to all. Now that this goal has been reached, his focus is on improving Talkspace and fixing society through more tech-based solutions. The future of Talkspace may include an IPO and expanded services, such as medical prescriptions. Meanwhile, Frank seeks to tackle corporate corruption next. His idea for using algorithms to predict fraud is a small one, but Oren Frank is no stranger to turning ideas into businesses. He’s done it once before.
Check out: https://www.youtube.com/watch?v=Hx_klWiebps