Press Release: LifeSpeak Inc. Wraps Up 20th Anniversary Year with New Market Expansion, Technology Innovation, and Expanded Suite of Digital Wellbeing Solutions
https://www.prweb.com/releases/lifespeak-inc-wraps-up-20th-anniversary-year-with-new-market-expansion-technology-innovation-and-expanded-suite-of-digital-wellbeing-solutions-302361832.html
LifeSpeak Inc. (TSX: LSPK), the leading provider of mental, physical, and family wellbeing solutions for employers, health plans, and other organizations announced today that it is closing out its 20th anniversary year with an expanded market footprint, technology innovation across its portal and member app, and expansion across its content libraries – all of which contribute to improved wellbeing for more than 14 million participants who receive benefits from more than 1,000 LifeSpeak Inc. clients.
“As we close out our 20th year as a leading provider of organizational wellbeing solutions, I am beyond proud of the commitment our team of experts has demonstrated and of our influence in shaping the wellbeing industry,” said Michael Held, founder and CEO of LifeSpeak Inc. “Not only have we expanded our footprint into new market segments, but we continue to offer the most robust expert resources on the tough issues that employees and health plan members struggle with every day, such as alcohol use and mental health.”
According to Held, issues like substance use, parenting and caregiving, mental health, and fitness and nutrition all have a demonstrated connection to and impact on healthcare claims costs and workforce productivity and performance. In fact, the U.S. Surgeon General has issued Advisory Warnings about the connection between alcohol use and seven different types of cancers, as well as the connection between caregiving and poor mental health. Employers and health plans are heeding these warnings and increasingly looking for ways to seamlessly integrate wellbeing support into their benefit offerings.
Indicative of this growing demand for whole-person wellbeing solutions, LifeSpeak added new corporate and health plan clients in 2024, announcing arrangements with companies like Springbuk and Dayforce, and expanded its solutions to health plan purchasers.
LifeSpeak Inc.’s comprehensive suite of wellbeing solutions supports the diverse needs of employees and health plan members and appeals to a broad range of needs, ages, interests, and ability levels. LifeSpeak Inc. continues to lead the wellbeing industry with its robust portfolio of expert-led solutions, which now includes more than 6,700 tools and resources curated by 550+ world-class experts.
Key 2024 highlights include:
LifeSpeak Mental Health & Resilience. Delivered over 5,000 micro-learning modules from 360+ mental health experts and introduced live coaching for Canadian members. Popular topics among 2.4 million participants included:
- “Weight Loss and Mental Health”
- “Leadership Mindset”
- “Caregiving for a Loved One with Dementia”
- “What is Compassion Fatigue?”
Torchlight Parenting & Caregiving. Added 150+ new guides, tools, webinars, and expert Q&As. Reported over $1 million in annual savings and 403,730 caregiving hours saved for participating families. Delivered a 351% ROI for organizations offering Torchlight services. Popular topics included:
- “Women’s Fertility + Pregnancy”
- “Teen Stress”
- “Managing Your Child’s Screen Time”
- “Elder Care: Legal Documents and Trusts”
Wellbeats Wellness. Launched over 740 new fitness, nutrition, and mindfulness classes. Redesigned its mobile app to enhance user experience. Popular topics included:
- “Active Aging”
- “Mindfulness at Work”
- “Mood and Food Connections”
- “Nourish Your Everyday”
ALAViDA Substance Use. In addition to introducing a new smoking cessation program with expert content focused on reducing stigma and supporting loved ones, participant data for ALAViDA’s substance use program revealed:
- 80% reduced substance use
- 76% decreased severity of use
- 69% found it easier to stop using substances once initiated
- 68% felt greater control over substance use
“Whole-person wellbeing support has never been more important for both employers and health plans,” said Held. “As healthcare costs continue to rise, LifeSpeak is committed to helping organizations leverage wellbeing as a positive and strategic tool to mitigate costs while boosting the health and wellbeing of their employees and members. Looking ahead, we will continue to innovate and deliver timely, relevant, and impactful guidance to meet the evolving needs of our clients and their members.”
About LifeSpeak Inc.
Celebrating 20 years of supporting wellbeing, LifeSpeak Inc. is the leading provider of mental, physical, and family wellbeing solutions for employers, health plans, and other organizations across the globe. With a suite of digital solutions, LifeSpeak enables organizations to deliver best-in-class content and human expertise at scale, catering to individuals throughout their wellbeing journeys. The LifeSpeak Inc. portfolio of solutions spans every pillar of wellbeing, including LifeSpeak Mental Health & Resilience, Wellbeats Wellness, Torchlight Parenting & Caregiving, and ALAViDA Substance Use. Insights from LifeSpeak Inc.’s digital and data-driven solutions empower organizations and individuals to take impactful action to strengthen wellbeing and maximize workplace performance.