Targets metabolic disease, diabetes, mental
health disorders,
hypertension, weight management and musculoskeletal issues to
reduce healthcare costs
for health plans & members, employers &
employees
TORONTO, July 20,
2022 /CNW/ - Newtopia Inc. ("Newtopia" or the
"Company") (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled
whole health platform creating sustainable habits that prevent,
slow, and reverse chronic disease, today announced the launch of a
new engagement platform and brand refresh. The new platform, which
includes a state-of-the-art participant experience and streamlined
website, creates personalized programs to combat the onset or
slow/reverse development of key chronic conditions including:
metabolic disease, diabetes, mental health disorders, hypertension,
weight management and musculoskeletal conditions. Through seamless
integrations and tech-enabled service efficiencies, Newtopia's
updated platform provides capabilities that close gaps in
care, further enhancing Newtopia's ongoing expansion within the
health plans arena.
Offered by leading employers and health plan innovators
throughout North America, Newtopia
focuses on developing sustainable, healthy habits through
clinically proven behavior change. The Company's new engagement
platform and app, featuring advanced application design, is an
integral component of the participant experience, which is steeped
in the philosophy of humans-helping-humans enabled by technology.
Participants now also have access to Newtopia's proprietary Habit
Change Index (HCI) with which they can manage their progress and
recognize their achievements.
"With the launch of Newtopia's new engagement platform, we're
building on over a decade of pioneering work in personalization and
behavioral genetics in an effort to replace unhealthy behaviors
with sustainable healthy habits that combat chronic diseases. If
left unchecked, physical and mental risk factors continue to evolve
and result in excessively high costs of care that our growing base
of risk bearing partners – including employers and health plans –
are anxious to contain," said Jeff
Ruby, Founder and CEO of Newtopia.
Ruby continued, "Our Habit Change Index leverages a plethora of
data about activity level, sleep, stress, meals, mood, coaching
sessions and goal adherence. For our participants, the result is
increased resilience and reduced prevalence of chronic disease. For
our risk bearing partners, the result is reduced costs of care and
a healthier, happier set of members or employees. Last, but not
least, for Newtopia, the result is improved operational and
technological efficiencies ultimately leading to enhanced margins
for our business that will enable us to continue to grow and expand
over time."
Each participant is paired with a dedicated health coach or
Inspirator who takes time to learn their unique well-being needs,
challenges, preferences and even their genetically motivated
behaviors and personality type. Influences such as family health
history, social determinants of health and lifestyle are all taken
into consideration in creating a personalized wellbeing plan that
reflects the whole person, leading to improved physical, mental,
and emotional outcomes.
The new participant experience encourages engagement in regular
emotional check-ins, features live, interactive 1:1 and group
coaching and supports self-scheduling with Inspirators. By
enhancing the backend technology of the platform, Newtopia is now
able to increase its efficiencies including the participant to
Inspirator ratio, a long-term goal of the Company as it broadens
its market penetration. Activities and proprietary content are
personalized to each participant's unique health journey. The
robust goals engine enables Inspirators to assign goals specific to
each participant, while participants can also set their own
personal goals at any time. Omnichannel nudges, communication and
real-time data analytics are also all embedded into the
experience.
Results from Newtopia to date: 1 in 3 people lose 5% or more
body weight, participants decrease their chronic disease risk by
14.5%, 31% see mental health improvements and 18% drop at least one
BMI (Body Mass Index) class. Participants continue to share their
enthusiasm for Newtopia with first-year engagement of 86% when
behavioral economics are optimized, and Newtopia expects even
higher engagement with the launch of its new and improved
engagement platform. A randomized controlled trial sponsored by
Aetna evaluating Newtopia demonstrated a $1,464 1st-year reduction in medical costs per
participant on average which was endorsed by the Society of
Actuaries.
Newtopia experiences are customized for each health plan and
employer to maximize adoption, engagement and whole health
outcomes. Newtopia proudly offers value-based
contracting.
About Newtopia
Newtopia is a personalized whole health platform helping people
create positive lifelong habits that prevent, slow, or reverse
chronic disease while reducing healthcare costs. The platform
leverages genetic, social and behavioral insights to create
individualized prevention programs with a focus on metabolic
disease, diabetes, mental health challenges, hypertension, weight
management and musculoskeletal disorders. With a person-centered
approach that combines virtual care, digital tools, connected
devices and actionable data science, Newtopia
delivers sustainable clinical
and financial outcomes. Newtopia serves some of the largest nationwide employers and health
plans and is currently listed in Canada on the Toronto
Stock Exchange (TSXV: NEWU) and is quoted in the US on
the OTCQB® Venture Market
(OTCQB: NEWUF). To learn more, visit newtopia.com, Facebook, LinkedIn or Twitter.
Forward Looking Statements
This news release contains
forward-looking information and forward-looking statements, within the meaning
of applicable Canadian securities legislation, and forward looking
statements, within the meaning of applicable United States securities legislation
(collectively, "forward-looking statements"), which
reflects management's expectations regarding Newtopia's
future
growth, results from operations (including, without limitation,
future production and capital expenditures), performance (both
operational and financial) and business prospects and
opportunities. Wherever possible, words such as "predicts",
"projects", "targets", "plans", "expects", "does not expect",
"budget", "scheduled", "estimates", "forecasts", "anticipate" or
"does not anticipate", "believe", "intend" and similar
expressions or statements that certain actions, events
or results "may", "could", "would", "might" or "will" be
taken, occur or be achieved, or the negative or grammatical
variation thereof or other variations thereof, or comparable
terminology have been used to identify
forward-looking statements. All statements other than statements of historical fact may be forward- looking
information. Such statements reflect Newtopia's current views and
intentions with respect to future events, based on information
available to Newtopia, and are subject to certain risks,
uncertainties, and assumptions. Material factors or
assumptions were applied in providing forward-looking information.
While forward-looking statements are based on data,
assumptions and analyses that Newtopia believes are reasonable
under the circumstances, whether actual results, performance or
developments will meet Newtopia's expectations and predictions
depends on a number of risks and uncertainties that could
cause the actual results,
performance and financial condition of Newtopia
to differ materially from its expectations. Forward-looking
statements are not a guarantee and are based on
a number of estimates
and assumptions management believes
to be relevant and reasonable, whether actual results,
performance or developments will meet Newtopia's expectations and
predictions depends on a number of risks and uncertainties
that could cause the actual results, performance and financial
condition of Newtopia to differ materially from its
expectations. Certain of the "risk factors" that could cause
actual results
to differ materially from Newtopia's forward-looking statements in this press release
include, without limitation: the termination of contracts by clients, risks related to COVID-19 including
various recommendations, orders and measures of governmental
authorities to try to limit the pandemic, including travel
restrictions, border closures, non-essential business closures,
quarantines, self-isolations,
shelters- in-place and social distancing, disruptions to markets,
economic activity, financing, supply chains and sales channels,
and a deterioration of general economic conditions including a
possible national or global recession; and other general
economic, market and business conditions and factors, including the
risk factors discussed or referred to in Newtopia's disclosure
documents, filed with the securities regulatory authorities in
certain provinces of Canada and
available at www.sedar.com including Newtopia's final
long form prospectus
dated March 30, 2020.
Should any factor affect Newtopia's in an unexpected manner, or
should assumptions underlying the forward- looking information
prove incorrect, the actual results or events may differ materially
from the results
or events predicted. Any such forward-looking information is expressly
qualified in its entirety by this
cautionary statement. Moreover,
Newtopia does not assume responsibility for the accuracy
or completeness of such forward-looking information. The
forward-looking information included in this press release is
made as of the date of this press release, and Newtopia undertakes
no obligation to publicly update or revise
any forward-looking information, other than as
required by applicable law.
Neither the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
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SOURCE Newtopia Inc.