DarioHealth Expands Digital Mental Health Solutions for Seniors
DarioHealth Expands Digital Mental Health Solutions for Seniors
The innovative partnership between DarioHealth Corp. (NASDAQ: DRIO) and a national Medicare Advantage health plan is set to create over a million new opportunities for seniors. With the introduction of Twill by Dario, the company aims to enhance the digital mental health landscape for older adults.
A Strategic Partnership for Healthy Aging
This new contract signifies a pivotal relationship, launching in 2025, focusing on Dario’s behavioral health solution for Medicare Advantage members. DarioHealth Corp. is now the fourth national health plan partner, which showcases a steady progression in expanding its services within the senior population.
Expanding Behavioral Health Solutions
This agreement is not only significant financially, with expectations of contributing significantly to the annual recurring revenue growth in Dario’s B2B2C channel, but it also emphasizes the growing recognition of mental health’s role in overall health among seniors.
Addressing Social Determinants of Health
The program is designed to proactively address emotional health and well-being and integrate support for the Social Determinants of Health (SDoH). By utilizing Dario's AI-based navigation system, they plan to direct seniors towards appropriate resources and benefits tailored to their individual needs.
The Importance of Emotional Health for Seniors
Emotional health is central to the well-being of seniors. Life transitions, such as losing a loved one or facing serious health changes, can significantly impact mental health. Dario's established behavioral health programs are crafted to meet these unique needs and have shown effectiveness in engaging seniors in their health management.
Digital Engagement: A Common Misconception
Many still hold the belief that older adults are not keen on engaging with digital health solutions. However, recent data from DarioHealth suggests otherwise. Before this partnership, approximately 30% of Dario's platform users were seniors, a demographic expected to grow with the new initiatives. Steven Nelson, Dario's Chief Commercial Officer, underscores this opportunity by highlighting the integration of customized digital interventions tailored specifically for senior health.
Driving Growth through Innovation
As DarioHealth enhances its B2B2C channel, the inclusion of another national health plan presents a wealth of opportunities for expanding services and revenue. With over 70% of revenues stemming from this channel as of early 2024, the company anticipates continued growth fueled by innovative product offerings.
About DarioHealth Corp.
DarioHealth Corp. (NASDAQ: DRIO) is a trailblazer in digital health, providing a comprehensive platform for managing chronic conditions. Its approach is centered on user engagement through data-driven interventions, which encompass diabetes, hypertension, and behavioral health. DarioHealth empowers individuals to manage their health proactively, ensuring satisfaction and improved health outcomes.
How Does DarioHealth Enhance Healthcare?
By offering a user-centric platform, DarioHealth disrupts traditional healthcare models. Their solutions promote ongoing health management rather than episodic care, facilitating a shift towards sustainable health behaviors.
Frequently Asked Questions
What is the focus of DarioHealth’s new partnership?
DarioHealth's partnership aims to expand its digital mental health offerings specifically for seniors, focusing on healthy aging and emotional well-being.
How will this benefit seniors?
The initiative will provide tailored, AI-driven support that helps seniors navigate community resources and access the right health benefits.
What is Twill by Dario?
Twill by Dario is a behavioral health solution designed to address the specific mental health needs of seniors through innovative digital platforms.
What impact is expected from this contract?
This contract is expected to significantly boost DarioHealth's annual recurring revenue and expand its reach within the senior demographic.
Who can I contact for more information about DarioHealth?
For further information, you may reach out to Mary Mooney, VP Marketing, at +1-312-593-4280 or Kat Parrella, Investor Relations Manager, at kat@dariohealth.com.
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