DarioHealth (NSDQ:DRIO) announced that it launched a new virtual care initiative with MediOrbis to improve virtual care for diabetes.
New York-based DarioHealth’s collaboration with MediOrbis is slated to offer eligible Medicare members with diabetes a convenient method for virtual care that includes MediOrbis’ telehealth offerings and DarioHealth’s AI-powered remote patient monitoring, according to a news release.
The new virtual care program will be made available to the approximately 75,000 diabetic members of Dario’s platform, of which 30% are over the age of 65. Current Dario members will have access to high-quality, convenient care at a potentially lower out-of-pocket cost, the company said.
Additionally, the program will be marketed to qualified Medicare members who aren’t currently using Dario’s platform, opening up the opportunity for significant expansion of Dario’s remote patient monitoring business.
The companies said the commercial terms of the deal, which were not disclosed, are consistent with terms of Dario’s other RPM contracts.
“We are excited to partner with MediOrbis to launch this virtual care service for qualified Medicare beneficiaries. Offering our existing users this program, provides users with enhanced services and support at a lower costIncreasing our offerings to existing customers across all of our market segments is part of our strategy to improve value to our users while increasing revenue per member and lowering our average member acquisition cost.” DarioHealth North America president & GM Rick Anderson said in the release. “We are excited to partner with MediOrbis and support the expansion beyond Dario’s existing user base to the broader Medicare population, which we believe has the potential to be a multi-million dollar remote patient monitoring opportunity for Dario.”
“MediOrbis has a robust, longstanding focus on providing top tier specialty clinical telehealth services in chronic disease management, and our partnership with DarioHealth extends our reach to deliver innovative clinical programs that improve patient outcomes and lower costs,” added MediOrbis co-founder & CMO Dr. Jonathan Wiesen. “We are honored to offer one of the first programs that couples remote patient monitoring with 24×7 physician availability to provide early intervention when patients require physician management.
“This program sets the bar of excellence for virtual care, and a standard of care against which all other programs will be based.”
