Newtopia Renews Multi-Year Partnership with Fortune-500 Healthcare Juggernaut to Prevent, Slow and Reverse Chronic Disease Through Sustainable Habit Change
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.
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.
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.
SOURCE Newtopia Inc.
Newtopia: Rob Halpern, [email protected]; ADDO Investor Relations for Newtopia: [email protected]; 310-829-5400
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