TORONTO (December 13, 2022) – ALAViDA Health Ltd. (Alavida), a LifeSpeak Inc. company (TSX:LSPK) and a leading virtual provider of evidence-based substance use management, announced today that its TRAiL service will be available to the Ontario Teachers Insurance Plan (OTIP). The addition will allow OTIP’s 280,000 members, staff, retired teachers, and affiliates to easily and confidentially track their substance use journey with self-guided resources and 24/7 support.
The TRAiL platform uses a connected virtual care model that provides content and features that adapt to the individual’s needs and goals. The program is confidential and accessible on any connected device, giving plan members the privacy to engage in substance use management on their own terms.
“OTIP has an established track record of helping members make the best choices for their physical and mental health, and managing substance use challenges is an increasingly important part of that commitment. By giving members access to the ALAViDA virtual solution, OTIP will empower members to securely and confidentially address their substance use before it results in incident or crisis. That includes prevention, detection, treatment, and support for family members struggling with substance use,” said Michael Held, CEO and Founder, LifeSpeak.
It’s estimated by the Canadian Mental Health Association that approximately 21% of the Canadian population will experience addiction at some point in their lives. Meanwhile, a study commissioned by the Mental Health Commission of Canada and the Canadian Centre on Substance Use and Addiction found that pandemic-induced stress has contributed to increased rates of both substance use and addiction. Unfortunately, studies have estimated that only one in ten seek treatment for alcohol and drug use for reasons including stigma.
“We believe that giving our members and their dependants easy access to evidence-based support and self-guided resources will help them stay on track and perform at their best in the classroom and the community,” said Vic Medland, CEO, OTIP. “We offer comprehensive mental health resources to our members, and ALAViDA is an excellent complement to our current offering, as it allows active and retired members of the education community, and their loved ones, to seek confidential support, early intervention, and treatment when they need it.”
ALAViDA, part of the LifeSpeak Inc. (TSX: LSPK) family of companies, is a leading iCBT platform and virtual care provider focused on the science of substance use management. ALAViDA offers confidential support for anyone questioning their relationship with alcohol and drugs. ALAViDA’s self-guided resources are available on-demand, and members can connect with their virtual care team for personalized care on any device. ALAViDA is an employee benefit with varying plans and personalized therapeutic services, which has proven to minimize time out of the workplace. To learn more, visit ALAViDA.com. For information on corporate programs or to establish a referral relationship, email [email protected].
Ontario Teachers Insurance Plan believes in building community from the inside out and that being good is great, but doing good is better. OTIP exists to make a difference in the education community by helping current and former teachers make the best insurance choices for their needs. To learn more, visit OTIP.com or follow OTIP on Facebook, Twitter, LinkedIn, or YouTube.
LifeSpeak Inc. is the leading whole-person wellbeing platform that blends personal and digital support for the workplace. LifeSpeak Inc.’s suite of solutions allows organizations to provide best-in-class content and expertise at scale, meeting individual employees wherever they are on their personal wellbeing journeys. As the parent company to LIFT Digital, ALAViDA Health, Torchlight, and Wellbeats, LifeSpeak Inc. provides in-depth expertise across mental health, wellness, physical fitness, substance use, and caregiving. With more than 30 years of collective experience, LifeSpeak Inc. works with Fortune 500 companies, government agencies, insurance providers, and others across the globe. Insights from LifeSpeak Inc.’s digital and data-driven solutions are used to uncover gaps in wellbeing at the individual and organizational levels, ultimately enhancing workplace performance outcomes. To learn more, follow LifeSpeak Inc. on LinkedIn, or visit www.LifeSpeak.com.
This press release may include “forward-looking information” within the meaning of applicable securities laws. Such forward-looking information may include, but is not limited to, information with respect to our objectives and the strategies to achieve these objectives, as well as information with respect to our beliefs, plans, expectations, anticipations, estimates, and intentions, and individuals’ participation in LifeSpeak’s programs.
In some cases, but not necessarily in all cases, forward-looking information can be identified by the use of forward-looking terminology and phrases such as “forecast”, “target”, “goal”, “may”, “might”, “will”, “could”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “predict”, or “likely”, or the negative of these terms, or other similar expressions intended to identify forward-looking information, including references to assumptions. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not historical facts nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding possible future events, circumstances or performance.
Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that, while considered reasonable by LifeSpeak as of the date of this release, is subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking information include, but are not limited to, the risk factors identified under “Risk Factors” in LifeSpeak’s annual information form for fiscal year ended December 31, 2021 dated March 30, 2022, and in other periodic filings that LifeSpeak has made and may make in the future with the securities commissions or similar regulatory authorities in Canada, all of which are available under LifeSpeak ‘s SEDAR profile at www.sedar.com. These factors are not intended to represent a complete list of the factors that could affect LifeSpeak. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking information, which speak only as of the date of this release. LifeSpeak undertakes no obligation to publicly update any forward-looking information, except as required by applicable securities laws.
Head of Brand and Communications
Chief Financial Officer & Secretary
Adam Peeler, on behalf of:
Source LifeSpeak Inc.