Tava Health, Inc. Market Research Report
Company Overview
Name: Tava Health, Inc.
Mission
Tava Health aims to help employers and their employees access licensed therapists quickly and affordably.
Founded
No information is available
Founders
No information is available
Key People
No information is available
Headquarters
No information is available
Number of Employees
No information is available
Revenue
No information is available
Known For
Tava Health is known for offering accessible mental healthcare solutions, particularly through employer partnerships. Their services aim to reduce medical costs, turnover, and boost overall employee well-being and productivity.
Products
Teletherapy Services
High-level Description
Tava Health offers teletherapy services that connect employees with licensed therapists via a user-friendly platform. These services are designed to provide easy access to mental healthcare, which can be scheduled and attended from anywhere.
Key Features
- Quick Access: Individuals can match with a therapist and self-schedule an appointment within 12 hours.
- High Utilization: The platform boasts a 25% utilization rate, which is 12 times higher than traditional Employee Assistance Programs (EAP).
- Comprehensive Care: Provides both short-term and ongoing mental healthcare.
- Convenience: Appointments can be scheduled for same-day or after-hours sessions.
Recent Developments
New Products Launched
- No information is available
New Features Added
- No information is available
New Partnerships
- Health Advocate Partnership: On April 16, 2024, Health Advocate partnered with Tava Health to expand access to virtual therapy services.
Case Studies
Lucid Software
Lucid Software saw improved productivity after partnering with Tava Health. The case study highlights the platform's ease of use and ability to treat a variety of conditions, including those requiring medium to long-term care.
Washington Country School District
Washington Country School District was recognized for its effective retention of all employees during a national crisis, largely attributed to the support provided by Tava Health.
Health Catalyst
Health Catalyst reported that Tava Health allowed employees to obtain mental healthcare at an affordable price and in a convenient manner for themselves and their family members.
Key Statistics
- Utilization Rate: 25%
- Turnover Reduction: 55% reduction for employees using Tava
- Improved Mental Health: 91% of users report improved mental health after just four sessions.
Customer Testimonials
- Flexibility and Accessibility: Tava clients appreciate the tele-health model, which offers flexibility to have therapy sessions during work breaks and from various locations.
- Improved Mental Health: 92% of clients report mental health improvements after just four sessions.
- Ease of Integration: Companies have noted that Tava integrates well with existing HRIS platforms and insurance carriers, simplifying the implementation of employee mental health programs.
Impact
Tava Health helps companies save millions of dollars on out-of-network claims, disability leave, and lost productivity. For every $1 employers invest in mental healthcare, they see a $4 return in productivity.
Conclusion
Tava Health has proven to be a valuable asset for companies looking to enhance employee well-being and productivity while reducing associated costs. Their comprehensive, flexible, and accessible mental healthcare solutions address the growing demand for effective mental health support in the workplace.
Note: This report is based on the available data points. Any missing information has been noted as "No information is available."
