Mark Hirschhorn

TapestryHealth Partners with Rosie in Delivering Real-Time Solutions

A longtime Connecticut technology investment executive, Mark Hirschhorn serves as CEO of TapestryHealth. Utilizing telemedicine, Mark Hirschhorn’s team delivers reliable, around-the-clock, bedside care in residential settings, as well as independent and assisted-living communities and nursing homes.

In 2021, TapestryHealth partnered with Rosie Connectivity Solutions in expanding its telehealth capacities within skilled nursing facilities. Existing offerings included treatment carts that combine high-definition wound cameras, digital stethoscopes, and integrated otoscopes.

Through Rosie, nursing carts are connected in ways that enable the management of patient-specific vital signs. The platform allows caregivers and nurses to transfer data remotely and securely to the Electronic Health Record, while connecting patients to clinicians who are not on site. These clinicians are able to identify changes in patient condition in real time and address health challenges through face-to-face bedside visits. The end result is improved care and personalized medicine designed to generate relevant clinical insights, while focusing on long term patient wellness.

SEC Disclosure Obligations in 2021

A respected presence in the New York City entrepreneurial sphere, Mark Hirschhorn possesses significant experience in digital commerce development. In early 2020, he accepted the positions of president and chief operating officer of Talkspace, an online mental health therapy platform that connects customers and therapists via text and video chat sessions. As COO, Mark Hirschhorn oversees the implementation of operational and financial controls, as well as risk management and SEC reporting.

SEC laws compel publicly traded firms to report specific forms of financial and commercial data to their shareholders and the SEC on a regular basis. The SEC also mandates the disclosure of important business and financial information to potential investors, with exceptions provided for minor issues and private placements. The integrated disclosure system is the SEC’s system of mandatory corporate disclosure in 2021. By standardizing several forms and removing certain discrepancies in reporting obligations to the SEC and to shareholders, the SEC has worked to make this system less cumbersome for firms.

Companies that are publicly traded must provide two annual reports: one for the Securities and Exchange Commission, and one for their stockholders. The annual report to the SEC is known as Form 10-K, and its content and format are determined by federal statutes. It includes thorough financial and operational data, as well as a response from management to specific questions concerning the company’s operations.

Companies have traditionally had considerable discretion in deciding what to include in their annual reports to investors. However, the SEC has acquired more control over the substance of such annual reports over time, largely by modifying its proxy statement regulations. Most corporations must ensure their annual shareholder reports adhere to SEC rules, since they are mailed with their proxy statements to shareholders.

Tapestry Telehealth Names Mark Hirschhorn to Its Board

An established business executive based in New York, Mark Hirschhorn leads Talkspace, a next-generation behavioral health platform. In April 2020, Mark Hirschhorn joined the board of directors of Tapestry Telehealth.

The announcement followed Tapestry Telehealth’s successful closing of an initial Series A fund-raising round with Sopris Capital in February. Less than a month later, the emerging Covid-19 pandemic underlined the critical role that remotely delivered primary care plays in ensuring seamless healthcare delivery.

Mr. Hirschhorn’s board role was described by a partner at Sopris Capital as enabling a scale-up of customized solutions to skilled nursing facilities (SNFs) nationwide. A major focus is on delivering urgently needed medical care to patients in a reliable and timely manner. The CEO of Tapestry Telehealth also lauded the arrival of the veteran industry leader to the board of a company that has a multi-specialty approach. The firm provides direct access to behavioral health services, specialists, and medical physicians at SNFs and other non-hospital locations.

Talkspace Announces Plans to Go Public in $1.4 Billion Deal

Mark Hirschhorn is a longtime senior executive who has guided firms such as ArisGlobal, a pharmacovigilance SaaS technology provider. Today, Mark Hirschhorn leads Talkspace, where he directs the operations of a behavioral health services platform that brings clients together with trained and licensed therapists via video chat and text.

In mid-January, 2021, Talkspace announced that it would take the significant step of going public. The move was supported by Hudson Executive Investment Corp., a special purpose acquisition company (SPAC), with Talkspace valued at $1.4 billion, including debt. This reflects a rapid growth profile that has included a partnership between Talkspace and Cigna in developing a digital behavioral health network.

In 2020, private technology companies increasingly sought mergers with blank check companies, or SPACs, as an alternative route to the traditional initial public offering. With the deal in place, the combined company will have a “TALK” listing on Nasdaq, with $250 million cash generated for use as growth capital.

How Online Therapy Is as Effective as In-Person Treatment

A skilled senior executive, Mark Hirschhorn has worked for companies such as ArisGlobal and RCS, through which he has gained relevant experience in overseeing acquisitions, building IT departments, and handling risk management. Mark Hirschhorn serves as the COO, CFO, and president of Talkspace, an online therapy platform based in New York City.

Online therapy has become increasingly popular due to the COVID-19 pandemic, but some critics question its effectiveness, particularly text- and audio-based online therapy. They point to the therapist’s inability to see their client and observe their patient’s body language, tone of voice, and overall demeanor. These observations provide the therapist with additional information about the person’s well-being. Critics also say that online therapy is impersonal and incapable of providing people with the tools and skills traditional in-person therapy offers.

However, these concerns are largely unsupported. Several studies have demonstrated that online therapy is an effective method of treating anxiety disorders, panic disorders, and depression. Furthermore, online therapy was discovered to be just as effective as in-person sessions when it came to managing these mental health issues.

This is because online therapy is capable of doing nearly anything that is done in person. Clients can send messages to their therapist at any time to receive support, and they can schedule text or video sessions ahead of time. These sessions allow the individual to talk to their therapist in a way that is more comfortable for them. Regardless of the style of therapy that individuals select, the result is that they get a chance to talk about their struggles and thoughts.

Demand for Tele-Mental Health Services Surges During Pandemic

Mark Hirschhorn serves as president and COO of Talkspace, a growing leader in online mental and behavioral health services. The secure online portal connects clients with licensed, caring professionals, facilitating private online sessions and messaging through an affordable and easy-to-navigate process. Talkspace benefits from Mark Hirschhorn’s decades of experience building successful digital media and telehealth companies.

As the COVID-19 pandemic continues to upend the world, it has only accelerated recent trends favoring tele-mental health services. A 2018 article in the Journal of the American Medical Association reported on a study involving privately insured patients’ telehealth visits from 2005 to 2017. The researchers found that the largest share of these visits was related to mental health issues, and that the growth in usage of telehealth services for mental health consultations during that period compounded at more than 50 percent annually.

A 2020 article in Psychiatric Services reported on a comprehensive analysis of mental health facilities’ use of tele-health services over time, showing that the percentage offering tele-visits increased from 15 percent in 2010 to 29 percent seven years later. The largest share of these facilities operated in the public sector and most likely serve as safety-net providers for many clients.

Fast-forward to the pandemic, when one private tele-mental health provider reported usage of its virtual therapy and psychiatric services platform soaring more than 300 percent as compared with average usage pre-pandemic. The United States Department of Veterans Affairs was one of many public providers reporting increased uptake, with a 556 percent jump in total daily tele-visits from March 11 to April 22.

Many experts believe that these steep increases are driven less by concerns about COVID infection per se and more by clients’ goals of continuing regularly scheduled appointments during office closures. In any event, this generation is able to respond to the social, political, and economic shifts of 2020 with a tool unavailable to previous generations, one uniquely able to facilitate communication and healing.

When Is the Best Time to Run?

Rutgers University alumnus Mark Hirschhorn was appointed president and COO of Talkspace in 2020, prior to which he served as CFO at ArisGlobal, a pharmacovigilance SaaS technology company headquartered in Bridgewater, New Jersey. He has also held executive roles at RCS/Media Monitors and Datatec Systems, Inc., among other businesses. In his free time, Mark Hirschhorn enjoys cycling and running.

Running on a regular basis can not only help you lose weight, but it also improves heart health and reduces the risk of cardiovascular disease. While some people enjoy starting off their day with a run, it’s most beneficial to run in the afternoon or early evening between 5 p.m. and 7 p.m.

Core body temperature generally peaks around this time, and it is almost a full degree Celsius higher than at 5 a.m. Running with a higher core body temperature enhances blood flow, improves joint lubrication, and allows more oxygen and nutrition to reach muscles. It can also boost energy and stamina. Moreover, running in the evening is a good way to unwind after a hectic workday.

On the other hand, there are some benefits to starting the day with a run. Despite it being more challenging to exercise early in the morning, it can help burn calories more efficiently and, because there’s a higher oxygen content in the air, it can be easier to breathe.

Digital Health Company Talkspace Purchases Lasting App

Named Best CFO of a Small Cap Healthcare Company in 2017 by Institutional Investor, Mark Hirschhorn is an experienced CPA with an MBA in finance and accounting from Rutgers Business School. In February 2020, Mark Hirschhorn was appointed as the president, COO, and CFO of Talkspace.

A telehealth company offering online counseling and anxiety therapy, Talkspace expanded its operations in November by acquiring the relationship counseling app Lasting. Terms of the deal were not disclosed.

Developed by Steve Dziedzic, Lasting offers guided sessions and workshops for couples that can be used as a complement to therapy. It offers these services for a subscription fee of $12. Lasting officially launched as part of the Talkspace platform on November 2, and according to Mr. Hirschhorn, it is the first of “many additions” planned for the expanding digital health enterprise.

In addition to couples therapy, Talkspace offers targeted therapy services to veterans, teenagers, and members of the LGBTQ+ community.

Talkspace Partners with Nevada Athletics to Promote Mental Health

Mark Hirschhorn serves as the president, COO, and CFO of Talkspace, which connects people to licensed therapists via its website or mobile app. Through Talkspace, Mark Hirschhorn ensures that people have easy access to therapy according to their unique needs and schedules. Talkspace recently partnered with Nevada Wolf Pack Athletics, the athletic department of the University of Nevada, Reno, to expand the mental health resources available to its athletes.

Athletic insurance specialist Dissinger Reed arranged the relationship between Nevada Athletics and Talkspace after student-athletes requested additional access to mental health services. Student-athletes face a range of mental health concerns, including those related to anxiety, depression, stress, and relationships. Talkspace therapists can facilitate the exploration of these concerns, ensuring that student-athletes work as diligently on their mental health as they do their physical health.

Nevada Athletics is excited to offer student-athletes a convenient, private, and secure way to address mental health needs without disrupting their busy schedules. Talkspace makes it easy for them to send text, audio, or video messages to counselors at their convenience when scheduling in-person appointments is not possible.

Talkspace Meets Rising Demand for Virtual Behavioral Health Services

Mark Hirschhorn brings more than 30 years of experience in developing digital commerce, media, and telemedicine companies to his work as the president and COO of Talkspace. The platform serves as an innovative, secure, fully HIPAA-compliant vehicle that brings behavioral-health clients and licensed, credentialed practitioners together for 24/7 virtual therapy. Through Talkspace, Mark Hirschhorn and his team provide a high-quality alternative within the fast-growing telehealth niche.

For most of 2020, the demand for virtually managed healthcare of all types has increased significantly, driven by the necessity for physical distancing and other circumstances that have accompanied the coronavirus pandemic. The sense of isolation that people feel and the stress of the economic crises in which many find themselves have contributed to the need to seek out mental health services.

A number of professionals have noted that existing mental health concerns – particularly among young adults – have become exacerbated over the course of the pandemic. For example, a number of millennials have reported an increase in feelings of depression, anxiety, and suicidal ideation.

This is where Talkspace fills a vital need, offering cost-effective, sensitive, client-centered services for people, and serving as a component of corporate wellness planning and employee-benefits programs. Visit Talkspace.com to learn more.