Overview of the Partnership
DarioHealth, a digital chronic condition management company, has formed a strategic partnership with GreenKey Health, which specializes in obstructive sleep apnea (OSA) management. This collaboration aims to integrate Dario’s AI-driven health solutions with GreenKey’s innovative approach to sleep health.
Key Features of the Collaboration
- GreenKey4Life Platform: A companion app that emphasizes preventive care, linking users with specialty providers for telehealth, diagnostics, and remote monitoring of sleep disorders.
- Wearable Device: GreenKey’s Zzoma device offers an alternative to continuous positive airway pressure (CPAP) for those with positional obstructive sleep apnea.
Goals of the Partnership
The companies aim to:
- Increase awareness of sleep health issues.
- Secure contracts with payers through a multi-channel marketing strategy targeting various healthcare stakeholders.
- Focus initially on large payers to establish a national network of service providers.
Expected Outcomes
The partnership seeks to:
- Enhance member health outcomes through improved sleep health and effective management of comorbidities.
- Reduce healthcare costs by minimizing emergency department visits and inpatient care.
- Boost productivity by promoting better sleep and overall health.
- Provide actionable data insights for continuous program optimization.
Statements from Leadership
Steven Nelson, Chief Commercial Officer of DarioHealth, stated, “This agreement represents a significant advancement in how we address chronic conditions like sleep apnea and cardiometabolic disorders together.” He emphasized the potential for improved health outcomes and reduced care costs through this collaboration.
Market Context
The partnership targets the substantial $150 billion sleep apnea market, which affects over 29 million Americans, with a significant portion of cases remaining undiagnosed. This collaboration aligns with the growing demand for integrated healthcare solutions that address interconnected chronic conditions.
Recent Developments
In recent months, DarioHealth has secured funding and reported significant revenue growth, indicating a strong position to execute its strategic plans. The company aims to achieve operational cash-flow positivity by the end of 2025 while expanding its recurring revenue streams across various channels.