DarioHealth Corp. (“Dario,” “DarioHealth” or the “Company”) (Nasdaq: DRIO), a leader in the global digital therapeutics (DTx) market, announced today that it has entered into a contract with a U.S. national employer (the “Employer”) for the Company’s full multi-condition suite of chronic condition management solutions, including diabetes, pre-diabetes, hypertension, musculoskeletal, behavioral health, and digital employee assistance programs. Enrollment of the Company’s multi-condition suite of chronic condition management solutions is expected to begin in the first quarter of 2022, consistent with the Employer’s benefit year.
“This new contract continues to validate Dario’s investment in building a comprehensive, multi-condition digital therapeutics platform,” said Erez Raphael, Chief Executive Officer of DarioHealth. “This new Employer is the first of many customers in our pipeline seeking an integrated multi-condition solution for some of their highest cost chronic conditions. Importantly, these full suite agreements can potentially generate 4-6 times more revenue than a single condition solution for Dario by expanding both the number of people eligible and the revenue per member.”
Chronic conditions often co-occur, which creates challenges for employers that have historically had to identify and manage multiple vendors of point solutions when trying to improve employee health across conditions. It also creates a confusing and disjointed employee experience trying to use multiple solutions that don’t interact with each other to manage their co-existing conditions. Dario’s multi-chronic platform offers employers and employees a way to address the most common health comorbidities: diabetes, hypertension, obesity, behavioral and musculoskeletal health in one member experience across multiple conditions. Using a single AI-driven behavior change engine, Dario solutions deliver holistic support and a seamless user experience to help deliver better engagement and results.
“Employers recognize that siloed health management solutions are holding back progress. Dario’s integrated multi-condition suite solution addresses the most commonly linked chronic conditions using one behavior change engine to impact the underlying causes in one seamless experience. We look forward to delivering a superior experience for the Employer’s population to help engage and improve the health of the employees across the nation,” said Rick Anderson, Dario’s President and General Manager of North America.
