DarioHealth (DRIO): Dennis Matheis Appointed To The Board

By Dan Anderson ● July 6, 2020
  • Global digital therapeutics company DarioHealth Corp (NASDAQ: DRIO) announced that the company has appointed veteran health plan executive Dennis Matheis to its board of directors, effective July 2, 2020

Global digital therapeutics company DarioHealth Corp (NASDAQ: DRIO) announced that the company has appointed veteran health plan executive Dennis Matheis to its board of directors, which was effective July 2, 2020. Matheis brings nearly 30 years of experience to the Dario Board in leading regional and national health care plans and related organizations. And he currently serves as President of Optima Health, which is a division of Sentara Healthcare that has more than 850,000 members and a network of over 26,000 providers.

Matheis also spent the past 28 years in senior leadership roles within the healthcare industry. And prior to joining Optima Health, Matheis spent 13 years at Anthem, including as President of Anthem’s Central Region and Exchanges encompassing six states and representing $12 billion in annual revenue. Plus he previously served in senior leadership roles at Anthem Blue Cross and Blue Shield of Missouri, CIGNA Healthcare, and Humana Health Plan as well as Advocate Health Care in Chicago.

Plus Matheis serves on the Executive Committee of the Virginia Association of Health Plans (VAHP) and the Board of Directors of the Virginia Chamber of Commerce. Plus it is a member of the Board of America’s Health Insurance Plans (AHIP).

By delivering evidence-based interventions that are driven by data, high-quality software and coaching, DarioHealth empowers individuals to make healthy adjustments to their daily lifestyle choices to improve their overall health. And the company’s cross-functional team operates at the intersection of life sciences, behavioral science, and software technology to deliver highly engaging therapeutic interventions.

Dario is known as one of the highest-rated diabetes solutions in the market and its user-centric MyDario mobile app is loved by tens of thousands of consumers around the globe. And DarioHealth is rapidly moving into new chronic conditions and geographic markets using a performance-based approach to improve the health of users managing chronic disease.

Key Quotes:

“We are very pleased that someone of Dennis’ caliber and experience has agreed to join our Board at this critical time in Dario’s evolution. His insights and guidance will prove invaluable as we continue our transition to a business-to-business-to-consumer (B2B2C) enterprise serving people suffering from chronic diseases through direct relationships with health plans, large employers and benefits administrators. With the addition of Dennis, I believe we now have the leadership team and Board to fully support our vision for Dario.”

-DarioHealth Chief Executive Officer Erez Raphael,

“Over the course of my health care career, I have seen first-hand how even modest behavior changes can positively impact the long-term health of people suffering from costly and in some cases debilitating chronic medical conditions,” stated Mr. Matheis. “I have been aware of Dario for some time now, and I believe the company’s highly-engaging user platform sets the company apart and provides tangible results for patients and demonstrated savings for payers.”

-Dennis Matheis, President of Optima Health (a division of Sentara Healthcare with more than 850,000 members and over 26,000 providers) and Executive Vice President of Sentara Healthcare (a not-for-profit integrated health system).