Business
Dario Signs New Regional Health Plan, Expanding Reach in Medicaid Population
The new contract marks the eighth health plan for Dario and will contribute to revenues starting immediately. NEW YORK, Oct. 30, 2024 /PRNewswire/ --
About this update from Dariohealth Corp.
[{"type":"text","content":" The new contract marks the eighth health plan for Dario and will contribute to revenues starting immediately.\nNEW YORK, Oct. 30, 2024 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO) (\"Dario\" or the \"Company\"), a leader in the global digital health market, announced today a new contract with a regional health plan in the Medicaid space, which has launched with the full suite of cardiometabolic solutions.\n\nThe launch with this new health plan marks the third Medicaid client for Dario, continuing a solid momentum within the Medicaid space. The newly signed health plan, familiar with Dario's results with another regional health plan, chose Dario based on the Company's success and reputation for driving engagement among diverse populations. Dario's ability to drive highly personalized member experiences across a wide range of channels and support modalities is attractive to Medicaid plans managing members with limited access to traditional channels. Starting with an initial pilot program, Dario will work closely with the health plan to bring its proven solutions to the plan's population, which includes nearly 10,000 Medicaid members.\n\"We believe that this contract demonstrates our ability to drive user engagement with historically hard-to-reach Medicaid populations, a challenge that few in our industry have successfully addressed,\" said Steven Nelson, Chief Commercial Officer at Dario. \"Medicaid members present unique engagement challenges for digital health solutions, but our track record and novel approach to engagement has proven that Dario is ideally suited for this population. We pride ourselves on delivering value to our clients, which in this case has paved the way to this new relationship, which we estimate will contribute to our revenues in the fourth quarter of 2024. We see much more opportunity to expand in this segment of the market and we are committed to broadening our strategy to further our focus on Medicaid in 2025.\"\nAbout DarioHealth Corp.\nDarioHealth Corp. (Nasdaq: DRIO) is a leading digital health company revolutionizing how people with chronic conditions manage their health through a user-centric, multi-chronic condition digital therapeutics platform. Dario's platform and suite of solutions deliver personalized and dynamic interventions driven by data analytics and one-on-one coaching for diabetes...