Renewed Relationship Amplifies Ongoing
Improvement of Employee Whole Health Outcomes While Reducing Cost
of Care and Increasing Desirable Benefit Utilization for Years to
Come
TORONTO, June 19,
2023 /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 renewal of a
multi-year relationship with a marquis leader at the forefront of
health innovation and delivery.
Newtopia deploys its unique habit change platform to improve
body & mind (whole health) outcomes among eligible employees at
risk for metabolic disease, while simultaneously reducing costs of
care. Newtopia's highly personalized intervention approach is
steeped in the philosophy of humans-helping-humans amplified by
technology. Newtopia's platform combines unique behavior genetic
testing, personality-matched, one-on-one live coaching, advanced
engagement technology, remote monitoring from smart devices and
curated subject matter expertise with a proven, value-based
business model.
"We are delighted to continue our results-driven support of
healthy body & mind habit formation, with even better
economics, for the employees of this prominent global leader in the
healthcare landscape," said Jeff
Ruby, Founder and CEO of Newtopia. "In keeping
with Newtopia's proven track record of chronic disease
prevention, we look forward to continuing and expanding our work
with participants to design individual whole health experiences
proven to prevent, slow and reverse health challenges from obesity,
type 2 diabetes, heart disease, musculoskeletal issues,
anxiety and depression – all of which have become greatly
exacerbated by circumstances over the past few years. As the
weight and diabetes landscape rapidly changes with the emergence of
GLP-1 drugs that require effective habit change to drive both
clinical and financial outcomes, the need for a complimentary
value-based habit change platform has never been greater."
Through the ongoing partnership, each participant will be paired
with a dedicated Inspirator (health coach) who takes time to learn
their unique well-being needs, challenges, preferences, and even
genetically-motivated behaviors and personality type. Influences
such as family health history, social determinants of health and
readiness-to-change are all taken into consideration in creating a
highly personalized wellbeing plan that reflects the whole person,
leading to improved physical, mental, and emotional outcomes.
Newtopia looks forward to continue delivering industry leading
engagement rates and health outcomes over multiple years.
Newtopia's overall book-of-business results include: 70% of
participants active and engaged at 12 months; 61% of participants
active and engaged at 24 months; 36% of total enrolled populations
losing 5% or more body weight; participants decreasing their
chronic disease risk by 14.5%; approximately 31% of participants
seeing mental health improvements, and 18% dropping at least
one BMI (Body Mass Index) class. A randomized controlled trial
sponsored by Aetna evaluating Newtopia demonstrated a
$1,464 1st-year reduction
in medical costs per Newtopia participant on average which was
endorsed by the Society of Actuaries. Newtopia was also recently
the recipient of the highest Full-Plus recognition from the Centers
for Disease Control and Prevention.
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, 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.