National Employer Selects Dario Cardiometabolic and GLP-1 Solutions to Improve Employee Health

Rhea-AI Summary

DarioHealth Corp. (Nasdaq: DRIO) has secured a new contract with a national logistics company to provide cardiometabolic and GLP-1 solutions to support employees living with diabetes, pre-diabetes, hypertension, and those taking a GLP-1 medication. The integrated approach combines intelligent technologies and expert human support to deliver highly personalized experiences for optimal results.

Positive

• DarioHealth Corp. secures a new contract with a national logistics company, expanding its reach in the digital health market.
• The company's solutions have been proven to deliver long-term behavior change with and without a GLP-1 medication, addressing a growing and costly problem for employers and payers.

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• None.

New client will use Dario's integrated approach to support long-term behavior change for employees living with diabetes, pre-diabetes, hypertension and those taking a GLP-1 medication

NEW YORK, Dec. 5, 2023 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO) ("Dario" or the "Company"), a leader in the global digital health market, announced today a new contract to provide cardiometabolic and GLP-1 solutions to a national employer (the "Employer") beginning in January 2024.

 

The Employer, a national logistics company, selected Dario to deliver integrated support for employees living with diabetes, pre-diabetes, weight management and hypertension, while also providing a tailored experience for employees taking a GLP-1 medication. Dario combines intelligent technologies and expert human support with billions of data insights gathered from a decade of consumer engagement to deliver highly personalized experiences that keep people engaged over time for optimal results.

"GLP-1 medications are creating tremendous upheaval for employers and payers, and our new contract with the Employer is a great example of how Dario is helping employers address the growing and costly problem. Dario's solutions have been proven, in prior studies, to deliver long-term behavior change with and without a GLP-1 medication to help employers like the Employer realize the full potential in health outcomes," said Rick Anderson, President of Dario. 

About Dario's GLP-1 solution

Dario's GLP-1 solution delivers the U.S. Food and Drug Administration (FDA) required behavior change support component to members enrolled in the cardiometabolic solution before or during use of a GLP-1. Members using a GLP-1 or other anti-obesity medication receive a highly personalized experience optimizing digital coaching and professional human support, including guidance from a Certified Diabetes Educator, to improve overall health.

As part of their experience, members have access to Dario's Medication Cabinet, a digital tool to help members track medication adherence, along with tailored lifestyle change programs and tools to support sustainable behavior change.

Data insights available as part of Dario's solution help partners better understand member adherence and the impact on overall member health.

About DarioHealth Corp.

DarioHealth 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, hypertension, weight management, musculoskeletal pain and behavioral health. 

Dario's user-centric platform offers people continuous and customized care for their health, disrupting the traditional episodic approach to healthcare. This approach empowers people to holistically adapt their lifestyles for sustainable behavior change, driving exceptional user satisfaction, retention and results and making the right thing to do the easy thing to do.

Dario provides its highly user-rated solutions globally to health plans and other payers, self-insured employers, providers of care and consumers. To learn more about Dario 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 the expected timing of the launch of the Employer solution and the benefits that may be realized by members using Dario's solutions. 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

Mary Mooney
VP Marketing
+1-312-593-4280

DarioHealth Investor Relations Contact

Kat Parella
Investor Relations Manager
+315-378-6922

Media Contact

Scott Stachowiak
Scott.Stachowiak@russopartnersllc.com
+1-646-942-5630

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SOURCE DarioHealth Corp.

FAQ

What is the new contract secured by DarioHealth Corp. (Nasdaq: DRIO) about?

DarioHealth Corp. has secured a new contract with a national logistics company to provide cardiometabolic and GLP-1 solutions to support employees living with diabetes, pre-diabetes, hypertension, and those taking a GLP-1 medication.

What does the integrated approach of DarioHealth Corp. involve?

DarioHealth Corp. combines intelligent technologies and expert human support with billions of data insights gathered from a decade of consumer engagement to deliver highly personalized experiences for optimal results.

How does DarioHealth Corp.'s solutions benefit employers and payers?

The company's solutions have been proven to deliver long-term behavior change with and without a GLP-1 medication, addressing a growing and costly problem for employers and payers.