NASHVILLE, Tenn., Oct. 27, 2021 /PRNewswire/ --Tivity
Health® (Nasdaq: TVTY), a leading provider of health
improvement solutions, announced today that in 2022,
SilverSneakers® will provide eligible members with a
suite of virtual fitness, social engagement and mental enrichment
offerings along with in-person classes for seniors at every fitness
level. Participating Medicare Advantage plans will have access to
an expanded customizable network of more than 22,000 fitness
locations nationwide, an increase of 38%, including studio fitness
options.
2022 SilverSneakers Benefits for Participating Health
Plans
- Broad and Flexible Fitness Network Options --
SilverSneakers will offer a customizable network of more than
22,000 fitness locations, including options for studio fitness from
some of the most recognizable brands.
- Virtual Fitness -- SilverSneakers members will have
access to approximately 2,000 live with instructor classes per week
in a variety of lengths and formats, as well as the SilverSneakers
OnDemand library.
- Social Engagement with Stitch – SilverSneakers will
provide members in participating health plans with access to
Stitch, a global social community where older adults may connect
virtually and in person through group activities, events and
discussion forums.
- Healthy Aging Programs Beyond Fitness -- SilverSneakers
continues to expand its premium healthy aging programming with
classes and programs on topics such as nutrition, technology
adoption, chronic condition management and stress relief delivered
through the SilverSneakers Live platform. In addition,
SilverSneakers will offer mental enrichment for seniors with
opportunities to stay intellectually engaged and maintain brain
health through virtual classes and activities.
"For nearly 30 years, SilverSneakers has improved the physical
health of participants, but we also know that staying mentally
engaged and socially connected are critical components of good
health and longevity," said Richard
Ashworth, president and CEO of Tivity Health. "We are
committed to a premium member experience that includes customized
offerings with the implementation of our new omnichannel marketing
platform which will empower our vibrant senior community with a
more engaging and personalized experience in 2022 and beyond. In
addition, our expanded, customizable premium network will ensure
that health plans can meet the needs and preferences of every
member with options including national fitness chains, studios and
boutiques, and community-based locations through our FLEX
network."
SilverSneakers' virtual fitness options enables members to
maintain physical activity and social engagement from home and when
traveling. A recent SilverSneakers Pulse Survey of more than 1,000
members, found that about half of all respondents have participated
in SilverSneakers virtual exercise. About 82 percent of all
respondents plan to continue to use SilverSneakers virtual
offerings in addition to visiting their local gym.
SilverSneakers has a 2021 Net Promoter Score of 83 – a measure
of how likely SilverSneakers members are to recommend the program
to their friends. SilverSneakers is available in all 50 states and
Puerto Rico and is offered through
more than 70 health plans nationwide.
About SilverSneakers
SilverSneakers®, by
Tivity Health®, is the nation's leading community
fitness program for Medicare eligible Americans. The program was
founded in 1992 and is available to nearly 18 million Americans
through many Medicare Advantage plans, Medicare Supplement
carriers, and group retiree plans. For more information, to check
eligibility or to enroll in the program or sign up for a
SilverSneakers newsletter, go to silversneakers.com.
About Tivity Health
Tivity Health® Inc.
(Nasdaq: TVTY) is a leading provider of healthy life-changing
solutions, including SilverSneakers®, Prime®
Fitness, WholeHealth Living® and Wisely Well™. We plan
to become the modern destination for healthy living by expanding
beyond fitness as a digital engagement platform company. We are
continuously developing the SilverSneakers suite of digital
offerings and services to provide seniors with everything they need
to maintain and improve their health, including physical activity,
social connection, community involvement, volunteer opportunities
and mental enrichment. Our goal is to partner with payers and
service providers to enable a personalized, interactive, and
intuitive experience to offer the right solutions to each member.
We deliver solutions that help adults feel better, work better and
live better, and improve health outcomes while reducing healthcare
costs. Learn more at www.tivityhealth.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains certain statements
that are "forward-looking" statements within the meaning of the
federal securities laws, including Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. These forward-looking statements are
based upon current expectations and include all statements that are
not historical statements of fact and those regarding the intent,
belief or expectations, including, without limitation, statements
that are accompanied by words such as "will," "expect," "outlook,"
"anticipate," "intend," "plan," "believe," "seek," "see," "would,"
"target," or other similar words, phrases or expressions and
variations or negatives of these words. These forward-looking
statements include, but are not limited to, the Company's
statements regarding its future financial performance. Readers
of this press release should understand that these statements are
not guarantees of performance or results. Many risks and
uncertainties could affect actual results and cause them to vary
materially from the forward-looking statements.
These risks and uncertainties include, among other things:
impacts from the COVID-19 pandemic (including the response of
governmental authorities to combat and contain the pandemic, the
closure of fitness centers in the Company's national network (or
operational restrictions imposed on such fitness centers),
reclosures and potential additional reclosures as a result of
surges in positive COVID-19 cases) on the Company's business,
operations or liquidity; the risks associated with changes in
macroeconomic conditions (including the impacts of any recession or
changes in consumer spending resulting from the COVID-19 pandemic),
widespread epidemics, pandemics (such as the current COVID-19
pandemic) or other outbreaks of disease, geopolitical turmoil, and
the continuing threat of domestic or international terrorism; the
Company's ability to collect accounts receivable from its customers
and amounts due under its sublease agreements; the market's
acceptance of the Company's new products and services; the
Company's ability to develop and implement effective strategies and
to anticipate and respond to strategic changes, opportunities, and
emerging trends in the Company's industry and/or business, as well
as to accurately forecast the related impact on the Company's
revenues and earnings; the impact of any impairment of the
Company's goodwill, intangible assets, or other long-term assets;
the Company's ability to attract, hire, or retain key personnel or
other qualified employees and to control labor costs; the
effectiveness of the reorganization of the Company's business and
the Company's ability to realize the anticipated benefits; the
Company's ability to effectively compete against other entities,
whose financial, research, staff, and marketing resources may
exceed its resources; the impact of legal proceedings involving the
Company and/or its subsidiaries, products, or services, including
any claims related to intellectual property rights, as well as our
ability to maintain insurance coverage with respect to such legal
proceedings and claims on terms that would be favorable to us; the
impact of severe or adverse weather conditions, the current
COVID-19 pandemic, and the potential emergence of additional health
pandemics or infectious disease outbreaks on member participation
in the Company's programs; the risks associated with deriving a
significant concentration of revenues from a limited number of the
Company's customers, many of whom are health plans; the Company's
ability and/or the ability of its customers to enroll participants
and to accurately forecast their level of enrollment and
participation in the Company's programs in a manner and within the
timeframe anticipated by the Company; the Company's ability to
sign, renew and/or maintain contracts with its customers and/or the
Company's fitness partner locations under existing terms or to
restructure these contracts on terms that would not have a material
negative impact on the Company's results of operations; the ability
of the Company's health plan customers to maintain the number of
covered lives enrolled in those health plans during the terms of
the Company's agreements; the Company's ability to add and/or
retain active subscribers in its Prime Fitness program; the impact
of any changes in tax rates, enactment of new tax laws, revisions
of tax regulations or any claims or litigation with taxing
authorities; the impact of a reduction in Medicare Advantage health
plan reimbursement rates or changes in plan design; the impact of
any new or proposed legislation, regulations and interpretations
relating to Medicare, Medicare Advantage, Medicare Supplement, and
privacy and security laws; the impact of healthcare reform on the
Company's business; the risks associated with potential failures of
the Company's information systems or those of our third-party
vendors, including as a result of telecommuting issues associated
with the Company's employees working remotely, which may include a
failure to execute on policies and processes in a work-from-home or
remote model; the risks associated with data privacy or security
breaches, computer hacking, network penetration and other illegal
intrusions of the Company's information systems or those of
third-party vendors or other service providers, including those
risks that result from the increase in personnel working remotely,
which may result in unauthorized access by third parties, loss,
misappropriation, disclosure or corruption of customer, employee or
the Company's information, or other data subject to privacy laws
and may lead to a disruption in the Company's business, costs to
modify, enhance, or remediate its cybersecurity measures,
enforcement actions, fines or litigation against the Company, or
damage to its business reputation; the risks associated with
changes to traditional office-centered business processes and/or
conducting operations out of the office in a work-from-home or
remote model by us or our third party vendors during adverse
situations (e.g., during a crisis, disaster, or pandemic), which
may result in additional costs and/or may negatively impact
productivity and cause other disruptions to the Company's business;
the Company's ability to enforce its intellectual property rights;
the risk that the Company's indebtedness may limit the Company's
ability to adapt to changes in the economy or market conditions,
expose the Company to interest rate risk for the variable rate
indebtedness and require a substantial portion of cash flows from
operations to be dedicated to the payment of indebtedness; the
Company's ability to service its debt, make principal and interest
payments as those payments become due, and remain in compliance
with its debt covenants; the Company's ability to obtain adequate
financing to provide the capital that may be necessary to support
its current or future operations; counterparty risk associated with
the Company's interest rate swap agreements; and other risks
detailed in the Company's filings with the Securities and Exchange
Commission.
For additional information about factors that could cause actual
results to differ materially from those described in the
forward-looking statements, please refer to the Company's filings
with the SEC. Except as required by law, the Company undertakes no
obligation to update any such forward-looking statements to reflect
new information, subsequent events or circumstances.
CONTACT: Debbie Jacobson,
debbie.jacobson@tivityhealth.com
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SOURCE Tivity Health