STOCK TITAN

DarioHealth Gathers Momentum in the Provider Market with Two New Contracts for Remote Patient Monitoring Services

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

DarioHealth Corp. (Nasdaq: DRIO) has secured contracts with two regional providers in Hawaii and Georgia for its Remote Patient Monitoring (RPM) services, enhancing its presence in the RPM market. These agreements focus on managing diabetes and hypertension, addressing common chronic conditions. Dario currently supports over 197,000 members on its digital therapeutics platform, showcasing its credibility among providers. The company's innovative platform offers personalized solutions, appealing to healthcare providers seeking effective patient engagement.

Positive
  • Secured contracts with two regional providers in Hawaii and Georgia, expanding market presence.
  • Focus on managing diabetes and hypertension aligns with prevalent health issues.
  • Supports over 197,000 members on its digital therapeutics platform.
Negative
  • None.

NEW YORK, Nov. 1, 2021 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO), a leader in the global digital therapeutics (DTx) market, announced today that it has entered into contracts with two prominent regional providers in Hawaii and Georgia for its Remote Patient Monitoring (RPM) services.

DarioHealth logo

The two new contracts expand Dario's provider footprint with one of the largest providers in Hawaii, and a metro Atlanta primary care system with multiple locations. Both partnerships will provide RPM services for patients living with diabetes and hypertension, two of the most common – and commonly co-occurring - chronic conditions.

Each contract represents a competitive win for Dario in the crowded RPM market. Dario's established track record of partnering with providers to engage patients factored heavily in both decisions as providers increasingly look for credible solutions. Dario supports more than 197,000 members on its multi-chronic condition digital therapeutics platform today with live provider clients in the Midwest, Southeast and Southwest.

"Dario's ability to engage and retain patients on our platform is very attractive to providers. Our credibility as a trusted partner is becoming a decisive factor in securing new provider partnerships, and we look forward to delivering the best possible experience for our newest clients and their patients as well," said Rick Anderson, President and General Manager North America. 

About DarioHealth Corp.

DarioHealth 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.

Dario'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.

Dario's unique user-centric approach to product design and engagement creates an unparalleled experience that is highly rated by users and delivers sustainable results.

The company's cross-functional team operates at the intersection of life sciences, behavioral science, and software technology and utilizes a performance-based approach to improve its users' health.

On the path to better health, Dario makes the right thing to do the easy thing to do. To learn more about DarioHealth and its digital health solutions, or for more information, visit http://dariohealth.com.

Cautionary Note Regarding Forward-Looking Statements

This news release and the statements of representatives and partners of DarioHealth Corp. related thereto contain or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are not statements of historical fact may be deemed to be forward-looking statements. For example, the Company is using forward-looking statements in this press release when it discusses that its ability to engage and retain patients on its platform is very attractive to providers and that its credibility as a trusted partner is becoming a decisive factor in securing new provider partnerships. Without limiting the generality of the foregoing, words such as "plan," "project," "potential," "seek," "may," "will," "expect," "believe," "anticipate," "intend," "could," "estimate" or "continue" are intended to identify forward-looking statements. Readers are cautioned that certain important factors may affect the Company's actual results and could cause such results to differ materially from any forward-looking statements that may be made in this news release. Factors that may affect the Company's results include, but are not limited to, regulatory approvals, product demand, market acceptance, impact of competitive products and prices, product development, commercialization or technological difficulties, the success or failure of negotiations and trade, legal, social and economic risks, and the risks associated with the adequacy of existing cash resources. Additional factors that could cause or contribute to differences between the Company's actual results and forward-looking statements include, but are not limited to, those risks discussed in the Company's filings with the U.S. Securities and Exchange Commission. Readers are cautioned that actual results (including, without limitation, the timing for and results of the Company's commercial and regulatory plans for Dario™ as described herein) may differ significantly from those set forth in the forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

DarioHealth Corporate Contact

Suzanne Bedell
VP Marketing
suzanne@dariohealth.com
+1-347-767-4220

Media Contact:

Josephine Galatioto
Josephine.Galatioto@russopartnersllc.com
+1-212-845-4262

Logo - http://mma.prnewswire.com/media/544126/DarioHealth_Logo.jpg

Cision View original content:https://www.prnewswire.com/news-releases/dariohealth-gathers-momentum-in-the-provider-market-with-two-new-contracts-for-remote-patient-monitoring-services-301412742.html

SOURCE DarioHealth Corp.

FAQ

What new contracts did DarioHealth Corp. announce on November 1, 2021?

DarioHealth announced contracts with two regional providers in Hawaii and Georgia for its Remote Patient Monitoring services.

How does DarioHealth's digital therapeutics platform benefit patients?

DarioHealth's platform provides personalized solutions for managing chronic conditions like diabetes and hypertension.

What is the significance of DarioHealth's recent provider partnerships?

The partnerships enhance DarioHealth's credibility and expand its market presence in the Remote Patient Monitoring sector.

What chronic conditions does DarioHealth's platform target?

DarioHealth's platform targets diabetes, hypertension, weight management, and other chronic conditions.

How many members does DarioHealth currently support?

DarioHealth supports over 197,000 members on its digital therapeutics platform.

DarioHealth Corp.

NASDAQ:DRIO

DRIO Rankings

DRIO Latest News

DRIO Stock Data

24.68M
34.10M
17.7%
23.54%
5.88%
Health Information Services
Surgical & Medical Instruments & Apparatus
Link
United States of America
NEW YORK