Welcome to our dedicated page for Sharecare news (Ticker: SHCR), a resource for investors and traders seeking the latest updates and insights on Sharecare stock.
Sharecare, Inc. (SHCR) is a leading digital health company dedicated to helping people manage their health efficiently and effectively in one integrated platform. Sharecare’s innovative approach provides each user with a comprehensive and personalized health profile that connects them to a wealth of information, evidence-based programs, and health professionals, ensuring they can navigate their health journey with ease.
Founded with a mission to improve health outcomes across diverse populations, Sharecare’s platform is recognized for its ability to transform user engagement from episodic to everyday interactions. It serves as a single destination for individuals, patients, and caregivers to access quality, clinically reviewed content, engage with other community members and healthcare professionals, and implement action plans provided by top institutions.
Sharecare's array of award-winning technologies, validated clinical protocols, and best-in-class coaching tools support providers, employers, and health plans in delivering scalable, outcomes-based health and wellness solutions. Notably, Sharecare has garnered numerous accolades for its innovative app-based programs, digital therapeutics, and its flagship well-being and health navigation platform, which have shown significant results in cost savings and improved health outcomes for its clients.
In recent news, Sharecare has reported exceeding the high end of revenue guidance, a decrease in net loss, and record adjusted EBITDA margins. This strong financial performance underscores the company's ability to manage costs and drive operational efficiencies. Furthermore, Sharecare is on track to achieve its $30 million annualized cost savings initiative, setting a robust foundation for continued success into 2024.
The company has also announced a leadership transition, with Brent Layton set to assume the role of CEO. Layton brings over 30 years of healthcare and public policy experience, particularly in managing large, government-funded programs. His expertise is expected to drive further growth and innovation at Sharecare.
Sharecare’s dedication to quality has earned it multiple Digital Health Awards and three-year NCQA accreditations for its complex case management, population health program, and wellness and health promotion services. These accolades highlight Sharecare’s commitment to delivering personalized, accessible, and affordable healthcare solutions.
Looking ahead, Sharecare continues to explore strategic alternatives to maximize shareholder value, including potential acquisition proposals. The company's solid financial position, innovative product offerings, and strategic leadership are poised to foster sustainable, long-term growth.
For more detailed and up-to-date information about Sharecare, visit their official website.
Sharecare (Nasdaq: SHCR) announced its Ornish Lifestyle Medicine was named the best heart-healthy diet by U.S. News & World Report for the 11th consecutive year. The program, designed to improve cardiac health, emphasizes lifestyle changes over medication. It comprises nutrition, fitness, stress management, and support. Medicare will cover virtual participation starting this year, expanding access. The Ornish diet also ranks well in other categories, including weight loss and plant-based diets. The U.S. News rankings assess diet effectiveness, compliance, and health management.
Sharecare (Nasdaq: SHCR) announces a significant milestone with over 400 Medicare Advantage plans utilizing its home health platform, CareLinx. This represents a year-over-year growth of over 1000%, extending coverage to more than 1.5 million members in 2022. CareLinx offers free in-home personal care services, leveraging a network of over 450,000 caregivers. The company anticipates CareLinx revenue to grow organically by at least 75% for FY2022, driven by partnerships with major health plans and a focus on improving in-home care for Medicare members.
Sharecare (Nasdaq: SHCR) announced strategic leadership appointments aimed at enhancing growth and value creation for customers and shareholders. Jaffry Mohammed becomes COO, overseeing operational growth, while Carrie Ratliff is appointed chief legal officer to manage legal matters and support business strategy. Other key hires include Atul Gupta as EVP of health advocacy operations, William Janis as SVP of health advocacy, and Marcus Gordon as SVP of growth marketing. These moves align with Sharecare's focus on expanding its market presence and driving profitability.
Sharecare (Nasdaq: SHCR), a leading digital health company, announced that its chairman and CEO, Jeff Arnold, will present at the 40th Annual J.P. Morgan Healthcare Conference on January 12, 2022, at 2:15 p.m. EST. The event will be accessible via a live audio webcast, which can be found on their investor relations page. Sharecare focuses on unifying and managing health through a comprehensive digital platform. Their mission is to drive positive behavior change and improve accessibility to high-quality care.
On December 17, 2021, Sharecare (Nasdaq: SHCR) announced that Sonesta International Hotels Corporation has achieved the Sharecare Health Security VERIFIED designation for its North American portfolio of over 250 properties. This makes Sonesta the first large hotel company to receive this distinction. The Sharecare VERIFIED program validates health and safety protocols to mitigate COVID-19 risks, reinforcing Sonesta's commitment to guest wellbeing. Sharecare and Forbes Travel Guide developed this comprehensive verification process in response to the pandemic, further enhancing the travel safety landscape.
On December 3, 2021, Sharecare (Nasdaq: SHCR) announced positive results from a randomized controlled trial of its digital therapeutic, Unwinding Anxiety. The study, led by Dr. Jud Brewer, indicated a remarkable 67% reduction in anxiety among participants using the app after two months. This contrasts sharply with a 14% reduction in the control group. The findings suggest that digital therapeutics can significantly improve access and efficacy for anxiety treatment, particularly amidst a growing demand for mental health solutions.
Sharecare (SHCR) and the Rosalynn Carter Institute for Caregivers have launched a co-developed mini course aimed at supporting family caregivers through the Unwinding by Sharecare mental well-being app. This initiative responds to findings that 83% of caregivers reported increased stress due to COVID-19. The course offers strategies to manage caregiver stress and improve self-care. Sharecare is extending a free year of the app to 450,000 CareLinx caregivers. The app is currently priced at $35.99, discounted from the regular $59.99.
Sharecare (Nasdaq: SHCR) reported Q3 2021 revenue of $105.6 million, a 32% increase from the previous year. However, the company faced a net loss of $43.1 million, significantly higher than the $6.4 million loss reported last year, mainly due to non-cash costs and acquisition expenses. Adjusted EBITDA decreased to $7.9 million from $13.3 million. For Q4, Sharecare expects revenue between $120.3 million and $121.3 million, and full-year guidance remains at $414 million to $415 million.
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