Business
DarioHealth Enters into Agreement with Large Regional Health Plan
New Partnership Expands Dario's Payer Presence with First Contract for Managed Medicaid NEW YORK, Jan. 19, 2022 /PRNewswire/ -- DarioHealth Corp. (NASDAQ-CM:
About this update from Dariohealth Corp.
[{"type":"text","content":"New Partnership Expands Dario's Payer Presence with First Contract for Managed Medicaid\n\n\nNEW YORK, Jan. 19, 2022 /PRNewswire/ -- DarioHealth Corp. (NASDAQ-CM: DRIO), a leader in the global digital therapeutics (DTx) market, announced today it has contracted with a large regional health plan (the \"Plan\") to deliver its digital therapeutic solution for diabetes for eligible Medicaid members in and around the mid-Atlantic region. The contract is expected to contribute to revenue beginning in the second quarter of 2022.\nMedicaid participants living with diabetes have approximately three times higher cost of care compared to those living without the disease. Health plans face significant challenges in improving the health and reducing medical costs in these populations. Partnering with Dario to engage members via Dario's highly personalized digital therapeutics enables the Plan to deliver innovative solutions and improve access to digital care clinically shown to improve health and lower costs. \n\"We are pleased to partner with a leading regional plan to deliver cutting-edge diabetes care to their Medicaid members, an essential component often missing from public health programs. We have proven that we can engage people across socioeconomic backgrounds and believe that there are significant opportunities to address health inequities, through innovation, in Medicaid populations with our solution,\" said Rick Anderson, President and General Manager of North American at DarioHealth. \nAbout DarioHealth Corp.\nDarioHealth Corp. (Nasdaq: DRIO) is a leading global digital therapeutics company revolutionizing how people with chronic conditions manage their health. DarioHealth offers one of the most comprehensive digital therapeutics solutions on the market - covering multiple chronic conditions including diabetes, hypertension, weight management, musculoskeletal and behavioral health within one integrated technology platform.\nDario's next-generation, AI-powered, digital therapeutic platform supports more than just an individual's disease. Dario provides adaptive, personalized experiences that drive behavior change through evidence-based interventions, intuitive, clinically proven digital tools, high-quality software, and coaching to help individuals improve health and sustain meaningful outcomes. \nDario's unique user-centric appro...