Newtopia Partners with Payvider for Enhanced Health Benefits
Newtopia Partners with Payvider for Enhanced Health Benefits
Newtopia Inc. (NEWU; NEWUF), a tech-enabled habit change provider, is excited to announce its collaboration with a supplemental insurance payvider. This innovative partnership aims to offer Newtopia's proven habit change platform to thousands of U.S. workers as a fully-covered benefit, set to commence in 2025.
A New Opportunity for Habit Change
This agreement opens up an entirely new business channel for Newtopia. Aligning with a Payvider consistent with Newtopia's mission, the collaboration is geared towards promoting whole health and wellbeing. The Payvider currently supports major employers across various industries, which signifies potential access to millions of workers.
Comprehensive Benefits for Members
As part of this partnership, plan members will have access to Newtopia's exceptional habit change services. These services include personalized coaching, nutrition guidance, exercise planning, and mental health support, all aimed at those identified as at-risk for metabolic disease. Remarkably, these resources will come at no out-of-pocket cost to the plan members.
Supporting the Metabolic Health Journey
Through this collaboration, Newtopia also plans to provide its GLP-1 companion offerings, GLP-1 Ally and GLP-1 Sustain. These programs are tailored to assist individuals currently using GLP-1 medications in maintaining their optimal health while managing weight effectively, even when transitioning off the medication.
Leadership Insights
Jeff Ruby, Founder and CEO of Newtopia, expressed enthusiasm about the partnership. He stated, "Working with this innovative supplemental insurance payvider enables us to scale our efforts in preventing and reversing chronic metabolic disease. This collaboration exemplifies our growth strategy targeted at employers, payers, and value-driven providers. Seeing our success rate with 5% enrollment among at-risk individuals, we feel optimistic about accelerating our journey toward cash flow positivity and profitability in 2025."
About Newtopia's Mission
At its core, Newtopia is dedicated to helping individuals foster lifelong habits that can prevent, slow, or reverse chronic diseases. The company focuses on reducing healthcare costs by delivering personalized health strategies, using a combination of genetic, social, and behavioral insights to create tailored prevention programs. These programs prioritize a broad spectrum of health challenges, including metabolic issues, diabetes, mental health, hypertension, weight management, and musculoskeletal disorders.
Innovative Health Solutions
Enhancing its services through virtual care combined with digital tools and data analysis, Newtopia offers sustainable outcomes that benefit both individuals and organizations. The company has established solid partnerships with numerous prominent nationwide employers and health plans.
Investor Information
Newtopia is listed on the TSX Venture Exchange under the ticker NEWU, and quoted on the OTCQB under NEWUF. Continuing to provide valuable services in personalized health, Newtopia is reshaping how organizations address health and wellness in the workforce. For further details about their offerings, visit their website or follow them on social media platforms to stay updated on their latest developments.
Frequently Asked Questions
What is the main goal of the partnership between Newtopia and the Payvider?
The primary goal is to offer Newtopia's habit change platform as a fully-covered health benefit to thousands of U.S. workers, promoting overall health and wellbeing.
What services will Newtopia provide through this collaboration?
Newtopia will provide personalized coaching, nutrition advice, exercise plans, and mental health support to plan members, especially those at risk of metabolic diseases.
When is the launch date for the new health benefit?
The new health benefit is scheduled to be launched in 2025, aiming to serve a large number of workers across the U.S.
What are GLP-1 companion offerings?
GLP-1 companion offerings include programs designed to help individuals using GLP-1 medications maintain significant weight loss and healthy lifestyles even after discontinuing the medication.
Where is Newtopia primarily listed?
Newtopia is listed on the TSX Venture Exchange under the ticker NEWU and quoted in the U.S. on the OTCQB under NEWUF.
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