Allurion Expands Virtual Care Suite to the United States

Rhea-AI Summary

Allurion Technologies, Inc. (ALUR) announces the commercial availability of its Virtual Care Suite (VCS) in the United States, a comprehensive weight-loss management suite powered by AI. The VCS aims to enhance patient outcomes and satisfaction through remote patient monitoring, telehealth, and care team collaboration. The addition of Coach Iris, a 24/7 AI-powered weight loss coach, further personalizes the behavior change program. The VCS has shown to improve patient results, engagement, and satisfaction, with clinics experiencing an additional 11% weight loss and a 17% increase in Net Promoter Score (NPS). Allurion will showcase the VCS at the Obesity Medicine Conference in Denver on April 25, introducing a new version of Allurion Insights, the web-based dashboard for providers.

Insights

Healthcare Technology Analyst

The introduction of Allurion Technologies' Virtual Care Suite (VCS) in the United States is a significant development in the healthcare technology landscape. The VCS integrates artificial intelligence, remote patient monitoring and telehealth to provide a comprehensive digital solution for weight-loss management. The use of GLP-1 therapies and other anti-obesity treatments is on the rise and the VCS's ability to enhance patient engagement and outcomes could be a differentiator in this competitive market.

From a business perspective, Allurion's VCS could potentially disrupt traditional weight management programs by offering a more efficient and scalable solution for providers. The reported improvements in patient weight loss outcomes and satisfaction scores indicate a value proposition that could lead to wider adoption and increased revenue streams for Allurion. However, the true test will be the suite's performance in the diverse US healthcare environment, where regulatory hurdles and market acceptance play important roles in a product's success.

Medical Device Market Analyst

Allurion's VCS launch coincides with a growing demand for digital health solutions, particularly in the field of obesity treatment. The obesity treatment device market is expanding and Allurion's entry with its VCS could capture a significant share if the technology proves to be as effective in the US as it has been internationally. The addition of Coach Iris, the AI-powered weight loss coach, suggests that Allurion is investing in personalized medicine, which is increasingly sought after by both patients and providers.

The market will be observing how Allurion's VCS performs in terms of user adoption, clinical effectiveness and its impact on the company's financials. The increased efficiency for providers and improved patient experience could translate into a strong competitive edge. However, investors should monitor how Allurion navigates the complex reimbursement landscape and whether the VCS can integrate smoothly with existing electronic health record systems.

Digital Health Strategist

The healthcare industry is witnessing a paradigm shift towards digital solutions that offer integrated care. Allurion's VCS is a testament to this trend, potentially setting a new standard for digital health platforms in weight management. The suite's design, including a mobile-responsive interface and multitasking capabilities, demonstrates an understanding of the modern healthcare provider's needs for flexibility and efficiency.

Strategically, Allurion's decision to unveil the VCS at the Obesity Medicine Conference is a smart move to generate interest among key stakeholders. The company's focus on user-friendly design and data accessibility could be pivotal in driving adoption. However, it's important to consider the long-term support and development costs associated with such a platform, as well as the potential need for continuous updates to keep up with evolving medical guidelines and AI advancements.

Virtual Care Suite (VCS) is now available to license in the United States for providers offering GLP-1 and other anti-obesity medication therapy, bariatric surgery, and weight loss devices

US product launch to kick off at the Obesity Medicine Conference in Denver on April 25

NATICK, Mass.--(BUSINESS WIRE)-- Allurion Technologies, Inc. (NYSE: ALUR), a company dedicated to ending obesity, today announced the commercial availability of its comprehensive Virtual Care Suite (VCS) in the United States.

Already in use by thousands of providers in over 50 countries, the VCS is a dynamic weight-loss management suite powered by artificial intelligence (AI) featuring remote patient monitoring, telehealth and care team collaboration all under the one digital umbrella, designed to maximize patient outcomes and satisfaction. In 2023, Allurion added Coach Iris, a 24/7 AI-powered weight loss coach, to the VCS, enabling automated, conversational coaching and a more personalized behavior change program tailored to patient needs.

“After witnessing the profound impact our technology has had globally, we are thrilled to launch the VCS in the United States. Our team is incredibly excited to provide US clinics with digital solutions to help them significantly bolster both clinical outcomes and patient experience for all weight-loss treatments, including anti-obesity medications and bariatric surgery, especially as GLP-1 usage surges,” said Brian Conyer, Vice President of Digital Health. “Our research indicates that the VCS has already enhanced patient results, engagement, and satisfaction. Clinics with the highest VCS usage achieve an additional 11% weight loss¹, with 16% more patients reaching their goals¹, and a 17% increase in Net Promoter Score (NPS)².”

The VCS will be presented for the first time in the United States at the Obesity Medicine Conference in Denver on April 25, where providers will have the opportunity to request 1:1 meetings to discover the solution. As part of the launch, Allurion will also be unveiling a new version of Allurion Insights, the web-based dashboard that providers use to navigate the VCS.

The new version of Allurion Insights includes:

• Responsive, mobile app-like design: for providers and care teams on the move who want to stay in sync with their patients on their mobile phones
• More efficient navigation: thoughtfully organized by user activities, the updated navigation experience is designed to create more seamless access to a number of different data streams for individual patients
• Multitasking: for busy providers, multitasking allows them to document a clinical note or launch a video consultation while seamlessly viewing other patient information

“As use of anti-obesity medication in the United States increases, providers are being challenged to offer close follow-up and lifestyle modification coaching at scale,” said Shantanu Gaur, Founder and CEO. “We are thrilled to make the VCS available in the US and believe it could become an integral part of practices offering weight loss therapy of any kind.”

Sources: 1. Allurion Internal PEX Report, March 2023; 2. Allurion Internal Business Excellence Analysis, Q4 2023

About Allurion

Allurion is dedicated to ending obesity. The Allurion Program is a weight loss platform that features the Allurion Gastric Balloon, the world’s first and only swallowable, procedure-less intragastric balloon for weight loss, and offers access to the Allurion Virtual Care Suite, including the Allurion Mobile App for consumers, Allurion Insights for health care providers featuring the Coach Iris AI Platform, and the Allurion Connected Scale. The Allurion Virtual Care Suite is also available to providers separately from the Allurion Program to help customize, monitor and manage weight loss therapy for patients regardless of their treatment plan: gastric balloon, surgical, medical or nutritional. The Allurion Gastric Balloon is an investigational device in the United States.

For more information about Allurion and the Allurion Virtual Care Suite, please visit www.allurion.com

Allurion is a trademark of Allurion Technologies, Inc. in the United States and countries around the world.

Forward-Looking Statements

This press release may contain certain forward-looking statements within the meaning of the U.S. federal and state securities laws. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions and include statements regarding Allurion’s expectations for, and market acceptance of, Allurion’s Virtual Care Suite and the Allurion Program in general, Allurion’s ability to scale its business and in particular for the VCS, and the ability of the VCS to improve clinical and patient outcomes. Forward-looking statements are predictions, projections and other statements about future events that reflect the current beliefs and assumptions of Allurion’s management based on information currently available to them and, as a result, are subject to risks and uncertainties. Many factors could cause actual future results or developments to differ materially from the forward-looking statements in this communication, including but not limited to (i) the ability of Allurion to obtain and maintain regulatory approvals for and successfully commercialize the Allurion Program, including the Allurion Balloon and the VCS, (ii) the timing of, and results from, our clinical studies and trials, (iii) the evolution of the markets in which Allurion competes, (iv) the ability of Allurion to defend its intellectual property, (v) the impact of the COVID-19 pandemic, the Russia and Ukraine war, and the Israel-Hamas conflict on Allurion’s business, (vi) Allurion’s expectations regarding its market opportunities, including those for the VCS platform, and (vii) the risk of economic downturns and a changing regulatory landscape in the highly competitive industry in which Allurion operates. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Allurion’s Annual Report on Form 10-K filed on March 26, 2024 and other documents filed by Allurion from time to time with the U.S. Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Allurion assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Allurion does not give any assurance that it will achieve its expectations.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240404646972/en/

Global Media:

Cedric Damour

PR Manager

+33 7 84 21 02 20

cdamour@allurion.com

Investors

Mike Cavanaugh, Investor Relations

ICR Westwicke

(617) 877-9641

mike.cavanaugh@westwicke.com

Source: Allurion Technologies, Inc.

FAQ

What is the Virtual Care Suite (VCS) offered by Allurion Technologies, Inc. in the United States?

The VCS is a comprehensive weight-loss management suite powered by AI, providing remote patient monitoring, telehealth, and care team collaboration to enhance patient outcomes and satisfaction.

What additional feature was added to the VCS in 2023?

In 2023, Allurion introduced Coach Iris, a 24/7 AI-powered weight loss coach, to provide automated, conversational coaching and personalized behavior change programs tailored to patient needs.

How much weight loss improvement was observed in clinics with the highest VCS usage?

Clinics with the highest VCS usage achieved an additional 11% weight loss, with 16% more patients reaching their goals.

Where will the VCS be presented for the first time in the United States?

The VCS will be showcased at the Obesity Medicine Conference in Denver on April 25, allowing providers to discover the solution and request 1:1 meetings.

What new features are included in the updated version of Allurion Insights?

The new version of Allurion Insights features a responsive, mobile app-like design, more efficient navigation, and multitasking capabilities for busy providers.

Who is the Vice President of Digital Health at Allurion Technologies, Inc.?

Brian Conyer serves as the Vice President of Digital Health at Allurion Technologies, Inc.