At Headspace, we recognize that supporting the mental health of employees is not only essential for their well-being, but also crucial to improving an organization’s bottom line. That’s why we are excited to introduce Value Advantage, our newest offering designed to show the value of investing in Headspace. 

The cost of poor employee mental health

According to a study by Mind Share Partners, 76% of U.S. workers reported they had experienced at least one symptom of the following mental health conditions: anxiety, depression, and burnout.. The prevalence of mental health symptoms has a direct and negative impact on employers. When employees don’t have the tools to improve their mental health, employers experience financial losses due to increased healthcare costs, lower productivity, absenteeism, and employee turnover. In fact, the World Health Organization estimates that anxiety and depression disorders cost the global economy $1 trillion in lost productivity each year. 

Manage and reduce costs with Headspace’s Value Advantage offerings

Headspace helps employees and their families stay healthy with easy access to therapy, work-life services, mental health coaching, 3,000+ guided meditations, critical incident support and more – all under one virtual roof. Through the Headspace system, employees are guided to the right care at the right time, whether it be self-care content, text-based coaching, or clinical, team-based care for higher-level needs. By offering comprehensive, tailored support, Headspace improves mental health outcomes, while delivering cost savings for organizations.

While the benefits of mental healthcare have been proven across studies, employers struggle to understand the overall positive impact it can have on their organization. With Headspace’s Value Advantage, employers don’t have to guess. Value Advantage guarantees outcomes, helps employers project program impact before they sign, and analyzes mental health and cost outcomes post-launch. 

Performance Guarantees

Through Value Advantage, eligible Headspace clients will receive a set of Performance Guarantees for key metrics like timely access to care, improved mental health outcomes, meaningful engagement and more. Headspace is confident in our ability to deliver measurable results and will put dollars at risk if we do not meet the agreed-upon metrics. Additionally, every Headspace client receives comprehensive program reporting, ensuring clients have consistent visibility into how Headspace is delivering on value metrics. Headspace’s Performance Guarantees ensures clients see improvement across the board, making Headspace a risk-free choice for enhancing workplace mental health.

Business Case Model Toolkit

Our Business Case Model Toolkit assists benefits leaders in understanding the direct and indirect cost savings that an organization may see by partnering with Headspace. This toolkit helps buyers deeply understand Headspace’s comprehensive offering and its impact as well as confidently make a compelling case for internal stakeholders. The Business Case Model Toolkit includes a detailed overview of the outcomes Headspace delivers, such as an improvement in anxiety, depression, and/or stress symptoms. It also includes a customized, prospective ROI model developed by our third-party actuarial partners to demonstrate how Headspace will drive reduced spend on healthcare. This toolkit equips employers with the data needed to justify an investment in Headspace. 

Retrospective Cost Impact Analysis

Headspace offers a Retrospective Cost Impact Analysis to help HR teams evaluate Headspace’s impact on their healthcare claims spend. The analysis is conducted in partnership with a leading third party actuarial firm to deliver concrete evidence of how Headspace delivers healthcare cost reductions. Clients must meet eligibility requirements to have a Retrospective Cost Impact Analysis completed.

Bring valuable mental health services to your organization 

We know that investing in a mental health solution is a balance between enhancing employee well-being and making financially sound decisions. By providing tools that demonstrate the ROI of mental health initiatives, we prove that investing in Headspace is not only impactful to employees, but also economically advantageous.

Value Advantage is more than just an offering—it’s a partnership committed to the mental health and overall well-being of your workforce. We invite you to embrace this innovative approach to workplace mental health. 

To learn more about the Headspace approach to value, attend our upcoming insightful webinar, "How to understand the ROI of digital mental health," on July 24 at 12 PM PT / 3 PM ET. At this webinar, you will learn how to measure the impact of digital mental health solutions through expert insights from Jim Huffman, President of The Integrated Benefits Institute, Charlie Andres, Lead Actuary at Headspace, and Zahra Chithiwala, Group Product Marketing Manager at Headspace. Register here to save your spot.

For additional information on how Value Advantage can benefit your organization, connect with our sales team.

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