Hims & Hers Health, Inc. (NYSE:HIMS) Q3 2022 Earnings Call Transcript

And so that’s no different from what we do on the Hers side or the mental health side. I think, in that offering, in particular, we’ve brought something really unique to market that is both destigmatizing and normalizing the fact that depression and anxiety are exceptionally widespread across the nation, but then also giving you near same-day or within a couple of days access to psychiatrists therapists on an individualized basis in a way that can combine things like talk therapy and actual medications that are ideal for your specific circumstance. And so those are things that, on average, take patients months to get access to, months to make appointments. Most don’t take insurance. It can cost hundreds of dollars to even schedule that appointment.

And so I think that ability to bring expertise from a medical standpoint, both on the psychiatry side as well as the talk therapy side, to customers at a price point that is incredibly affordable and is near real-time from an access standpoint, it’s just a really special offering. And I think despite all the good work that’s being done, frankly, on mental health and wellness across the landscape, I think we’re still one of the few that are delivering, I think, real medical experiences with expert providers across the spectrum of care. And I think that’s really why the business is scaling, right? That’s one of the categories, as we’ve talked about, has seen robust growth. And I think that differentiation in market is a really big part of why that’s taking place.

Operator: At this time, there are no further questions. I’ll hand the conference back to management for any additional or closing remarks.

Andrew Dudum: Appreciate your time, everybody. Thank you for dialing in, and we look forward to chatting with the next quarter’s results. Everyone, be well, and happy holidays coming up soon.

Operator: And again, that does conclude today’s conference. Thank you all for your participation. You may now disconnect.