DARIOHEALTH AND HMCHEALTHWORKS ANNOUNCE PARTNERSHIP AGREEMENT
Agreement extends DarioHealth's reach into HMC's vast multi-employer welfare fund and employer client base through which HMC is currently managing more than one million members
Sep 21, 2020 NEW YORK and JUPITER, Fla., Sept. 21, 2020 /PRNewswire/ -- DarioHealth Corp. (Nasdaq: DRIO), a pioneer in the global digital therapeutics market, and HMC HealthWorks, a 40-year veteran in healthcare management with clinically-integrated models of care that reduce healthcare costs and improve population health, today announced that the companies have entered into a sales and distribution partnership pursuant to which HMC will incorporate DarioHealth's digital therapeutics solution into its comprehensive care management programs. HMC will offer DarioHealth's platform on both a stand-alone basis as well as incorporated into HMC's comprehensive care management solutions.
"We believe that this agreement with HMC is further validation of the progress we have made in transitioning to a leading provider of digital therapeutics solutions to payors, employers and other at risk entities with a desire to help their members manage their chronic conditions and improve their clinical outcomes," stated Rick Anderson, President and General Manager of North America at DarioHealth. "We are pleased to partner with HMC, who has a long history of providing innovative solutions to their customers. This agreement expands our distribution of our solutions and we are already building a pipeline within HMC's vast client base, which we believe speaks to the tangible results that we bring to patients and payers alike."
"At HMC, we believe that behavior change is key to driving better participant health and well-being," noted Janice Dimonaco, Chief Executive Officer of HMC HealthWorks. "Our approach takes a holistic view of the member and integrates the very latest in technology and data analytics to provide the support and positive reinforcement that can lead to long-term success. We rigorously evaluated several different platforms and determined that Dario is offering the most innovative, unique digital technology in the space, and the ease of implementation will be a significant benefit to our customers. We look forward to a long and mutually beneficial partnership."
About HMC HealthWorks HMC HealthWorks, the premier national provider of population healthcare management programs, offers plan sponsors value-added programs including Integrated Clinical Solutions, Chronic Care Management, Behavioral Health Solutions, Wellness/Lifestyle Coaching and Care Coordination - www.hmchealthworks.com.
About DarioHealth Corp. DarioHealth Corp. (Nasdaq: DRIO) is a leading, global digital therapeutics company revolutionizing the way people with chronic conditions manage their health. By delivering evidence-based interventions that are driven by data, high-quality software and coaching, we empower individuals to make healthy adjustments to their daily lifestyle choices to improve their overall health. Our cross-functional team operates at the intersection of life sciences, behavioral science and software technology to deliver highly engaging therapeutic interventions. Dario is one of the highest-rated diabetes solutions in the market, and its user-centric MyDario™ mobile app is loved by tens of thousands of consumers around the globe. DarioHealth is rapidly moving into new chronic conditions and geographic markets, using a performance-based approach to improve the health of users managing chronic disease. To learn more about DarioHealth and its digital health solutions, or for more information, visit http://mydario.investorroom.com.
Cautionary Note Regarding Forward-Looking Statements This news release and the statements of representatives and partners of DarioHealth Corp. (the "Company") 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. 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. For example, the Company is using forward-looking statements in this press release when it discusses that the agreement with HMC is further validation of the progress it has made in transitioning to a leading provider of digital therapeutics solutions to payors, employers and other at risk entities with a desire to help their members manage their chronic conditions and improve their clinical outcomes, that it is already building a pipeline within HMC's vast client base, which it believes speaks to the tangible results that it brings to patients and payers alike and that HMC has determined that the Company is offering the most innovative, unique digital technology in the space, and the ease of implementation will be a significant benefit to HMC's customers. 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™) 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.
SOURCE DarioHealth Corp.
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CHRONIC DISEASE MANAGEMENT
Creating customized health solutions and engagements can reduce costs and improve health and wellness
Addressing your worker’s ongoing health concerns is a vital pillar of their health benefits. Chronic disease management can ensure your employees are receiving the best care possible for ongoing health issues such as asthma, diabetes and high cholesterol. Each chronic disease comes with its own set of unique obstacles to overcome. In that same manner, HMC Healthworks is dedicated to providing a unique set of solutions to each healthcare program.
When workers have options specifically designed to address their unique needs, they can maintain their health and wellness to remain happy and productive. With a healthier and confident outlook, these employees can ensure success in their personal lives as well as their work environments.
1 All participants’ names and identifying characteristics have been changed.
SVP, Marketing and Communications
Quality, integrated care improves lives and can deliver healthcare savings
Healthcare is in a constant state of evolution. When people have referred to healthcare in the past, it typically meant every wellness facet, except mental and behavioral health. HMC Healthworks is dedicated to incorporating all sides of wellness into your healthcare plan. This includes the mental health portion. Dr. Janis DiMonaco, president and CEO of HMC HealthWorks says that “Behavioral health is sort-of the black sheep of the condition family within healthcare.” It is often overlooked or not covered in common medical benefits.
Our healthcare plans at HMC Healthworks offer support services for a consistent work-life balance. Address a person’s mental health and well-being, along with their physical health, allows you to focus on the entire individual. Behavioral health issues, such as substance abuse or opiate pain management can be a major factor affecting a person’s mental status. It is crucial to address the root issue of behavioral health to fully influence overall wellness.
SVP, Marketing and Communications
INNOVATION IN HEALTHCARE
Connecting the dots between data, risk identification, and care coordination
Like any thriving business, employees are the gears that keep your business turning. So, at the top of the list should be improving employee healthcare. Comprehensive health benefits that address wellness in its entirety is the goal of HMC Healthworks. Providing mental health programs and managed behavioral health programs are just some of the ways this is accomplished.
Employee Assistance Programs or EAPs are also part of the equation. We are committed to providing resources 24 hours a day to assist employees and families. Stress, domestic violence, depression and stress management are just a few areas HMC Healthworks will provide assistance to you or your family. There is no better way to thank your employees and show them that they are valued than providing them with fully inclusive healthcare plans to address physical and mental wellness. Healthy and motivated employees drive success and increase productivity, cash flow and worker retention for a successful team and a thriving business.
SVP, Marketing and Communications
THE VALUE OF PRIMARY CARE
Connecting employees with doctors promotes better health and lower costs
The doctor-patient relationship should be at the very core of the healthcare system. Ideally, this would help shape the most efficient healthcare model. Patients would have dedicated physicians that they trust, not only with their personal information but with their unique wellness goals. It is someone who knows them, as well as what they are trying to achieve. Specialized treatment plans would be the cornerstone of each patient’s well-being. Unique to each individual, these treatment plans would help restore health or maintain wellness in a fully comprehensive way.
A physician would also serve as a patient advocate to walk them through these intricate plans. Navigating specialists, hospital care and a full catalog of testing are just a few of the benefits of having this type of guidance. This would ensure trust and a clear vision, as well as enrich the doctor-patient relationship even beyond the standard of care. This in-depth level of patient focus is how HMC Healthworks can add value to your healthcare plan. Read more about the value of primary care in the article below.
SVP, Marketing and Communications