DarioHealth (NSDQ:DRIO) said today that it inked a deal with healthcare products provider Better Living Now for the distribution of its blood glucose monitoring system and the DarioEngage digital health program.
According to the terms of the deal, BLN plans to buy DarioHealth’s smart glucose meter and test strips to distribute to its customers. The agreement also enables BLN to provide diabetes management coaching to its customers through the DarioEngage platform on a monthly subscription basis.
BLN’s customers consist of managed care plans in the U.S., Puerto Rico and the U.S. Virgin Islands, according to DarioHealth.
“We are very pleased to partner with BLN to make DarioHealth products and services readily available to more people across the U.S., through their robust contracted insurance networks,” CEO Erez Raphael said in prepared remarks. “Through this distribution agreement, we believe that Dario will become a standard product offered by many managed care plans across the U.S., thereby potentially and significantly increasing our market penetration.”
“BLN is committed to providing the best and most comprehensive diabetes management program. The DarioHealth platform increases the opportunity for users to self-manage through the Dario app and the DarioEngage coaching platform. We believe it will improve clinical outcomes for users while creating improved economics for managed care plans,” BLN’s president & CEO Daniel Pope added.
