Tag: DarioHealth
DarioHealth buys Twill
February 27, 2024HME News Staff
NEW YORK – DarioHealth has acquired Twill in a move that the company says creates one of the most comprehensive digital offerings in the market for chronic conditions, spanning a wide spectrum of health and well-being needs. Dario says the deal also creates immediate scale, with three of the top eight national health plans, multiple Fortune 100 employers and several major pharmaceutical companies as customers. “The Twill acquisition is an incredible opportunity to bring together our complementary...
In brief: Journey Health buy, Philips complaint count, AI-based HST
February 17, 2023HME News Staff
RICHMOND, Va., and SAN DIEGO – Journey Health & Lifestyle Brands has acquired LifeWalker Mobility Products, the manufacturer and distributor of the UPWalker family of products.
The acquisition, as well as additional growth capital for the combined companies, was funded by Peloton Equity and other existing investors in Journey Health, including Escalate Capital.
“We are excited to bring LifeWalker's revolutionary UPWalker products into the Journey family,”...
DarioHealth, Dexcom partner on integration
February 15, 2023HME News Staff
NEW YORK – DarioHealth is integrating Dexcom’s CGMs into its multi-chronic condition platform, making it easy to use clinical, engagement and behavioral data to adapt a user's experience over time. "Nearly 2 million people use a continuous glucose monitor today, and the ability to capture that data in Dario's platform expands our ability to deliver a dynamic, highly relevant experience to more people living with diabetes,” said Rick Anderson, president, Dario. “It's...
DarioHealth appoints digital health expert
January 21, 2021HME News Staff
NEW YORK – DarioHealth has named Chris Chan senior vice president of employer sales, responsible for leading growth initiatives in the self-insured employer market. Chan previously worked as chief marketing officer at SleepQuest, a sleep apnea-focused technology and telehealth company, and he also founded the Mercer LABS and the Health Imagination Innovation Team at Willis Towers Watson. He has an extensive background in digital health, care delivery...
DarioHealth provides RPM to health system
December 22, 2020HME News Staff
NEW YORK – DarioHealth has entered into an agreement to provide its remote patient monitoring solution to Presbyterian Medical Services, an integrated health care system in New Mexico, starting Jan. 1. The partnership will provide patients living with chronic conditions, such as diabetes and hypertension, to access Darion’s AI-powered digital therapeutic tools and care. “Adding Dario’s RPM solution with personalized digital journeys can engage patients and help them...
In brief: Stark Law, new sleep company, Oventus-VGM agreement
November 24, 2020HME News Staff
WASHINGTON - CMS has finalized a number of changes to the Stark Law, including new permanent exemptions for value-based arrangements, in a 627-page final rule set to be published in the Federal Register on Dec. 2. The exemptions will allow physicians and other health care providers to design and enter into value-based arrangements without fear that legitimate activities to coordinate and improve the quality of care for patients and lower costs would violate the physician self-referral law, CMS says....
DarioHealth hits milestone in B2B market
November 24, 2020HME News Staff
NEW YORK - DarioHealth has signed a contract to provide its digital therapeutics solution to eligible employees of a Fortune 500 technology company. Dario will be available to eligible employees and dependents effective Jan. 1, 2021. “This contract, awarded through an RFP process that included Dario's largest competitors, represents an important milestone in our strategic shift toward the business-to-business-to-consumer market comprised of self-insured employers, health care provider networks...
DarioHealth sees 3Q revenues increase
November 12, 2020HME News Staff
NEW YORK - DarioHealth reported revenues of $2.04 million for the quarter ended Sept. 30, 2020, an increase of 14.2% from the second quarter ended June 30, 2020. Gross profit was $549,000, a decrease of $324,000 or 37% from the previous quarter in 2019. The company said the decrease is a result of a decrease in the average selling price of its products. Total operating expenses for the quarter were $7.15 million, operating loss was $6.6 million, and net loss was $6.55 million. Highlights from the...
DarioHealth partners with health care management company
September 25, 2020HME News Staff
NEW YORK and JUPITER, Fla. - DarioHealth has entered into a sales and distribution partnership with HMC HealthWorks, a health care management company with clinically integrated models of care that it says reduce health care costs and improve population health. Per the partnership, HMC will incorporate DarioHealth's digital therapeutics solution into its comprehensive care management programs as both a standalone and as part of its care management solutions. “We believe this agreement with HMC...
DarioHealth improves revenue, looks to shift business model
August 13, 2020HME News Staff
NEW YORK - DarioHealth reported revenues of $1.79 million for the second quarter ended June 30, a 7.2% sequential increase from the first quarter this year and an 8.2% increase from the same period last year. Net loss attributable to holders of common stock was $4.8 million for the second quarter this year vs. $5.4 million for the same period last year. The company reported revenues of $3.45 million for the first six months of 2020, an 11.3% decrease from the same period in 2019. Net loss was $13.9...