New account anticipated to contribute to
revenue in the second half of 2023
NEW
YORK, July 6, 2023 /PRNewswire/ -- DarioHealth
Corp. (Nasdaq: DRIO) ("Dario" or the "Company"), a leader in the
global digital health market, today announced a new employer
contract for the Company's full suite of integrated solutions. The
new account is scheduled to launch in the second half of 2023.
The new account is an educational organization based in the
Midwest contracting with Dario to provide employees with an
integrated and proven solution to address diabetes, pre-diabetes,
hypertension, musculoskeletal and behavioral health needs.
The contract represents continued demand for integrated
multi-chronic solutions in the employer market and the increasing
willingness of employers to launch solutions outside of the
traditional benefits lifecycle as the growing costs of chronic
condition management put pressure on benefits professionals.
"As employers struggle with the rising costs of chronic
conditions in a difficult economy, we believe that the ease of
working with one solution provider, coupled with our proven ability
to reduce costs for these very expensive chronic conditions, is a
very attractive proposition. Our recent independent studies
demonstrating significant improvements in clinical outcomes and
reduce costs can provide additional confidence to customers that
these savings can be achieved. This creates an economic
incentive for companies, like our newest employer client, to move
to capture this value more quickly, and we are thrilled to welcome
this new account to our platform," said Rick Anderson, President of Dario.
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. Our 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.
Our user-centric platform offers people continuous and
customized care for 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. Making the right thing to do the easy thing to
do.
Dario provides its highly user rated solutions globally to
health plans and other payors, self-insured employers, providers of
care and directly to 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 contract launch and the expected timing
of the contract's contribution to revenues, and the potential
benefits that may be realized by users utilizing Dario's platform.
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.
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DarioHealth Corporate Contact
Mary Mooney
VP Marketing
mary@dariohealth.com
+1-312-593-4280
Media Contact:
Scott
Stachowiak
Scott.Stachowiak@russopartnersllc.com
+1-646-942-5630
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SOURCE DarioHealth Corp.