Sharecare (SHCR) Stock: Why It Increased Over 13% Today

By Amit Chowdhry ● Sep 19, 2022
  • The stock price of Sharecare (SHCR) increased by over 13% intraday today. This is why.

The stock price of Sharecare (SHCR) increased by over 13% intraday today. 

Why: Sharecare – the digital health company that helps people manage all their health in one place – announced it has received three-year Wellness and Health Promotion (WHP) Accreditation by the National Committee for Quality Assurance (NCQA) for its lifestyle and disease management interventions, which include Sharecare’s coaching programs and RealAge health risk assessment. 

NCQA’s WHP Accreditation comprehensively evaluates key areas of health promotion, including how wellness programs are implemented in the workplace, how services such as health coaching are provided to help eligible individuals develop skills to make healthy choices, and how sensitive health information of eligible individuals is properly safeguarded. And purposely set high to encourage organizations to continuously enhance their quality, NCQA Accreditation standards are intended to help organizations achieve the highest level of performance possible and create an environment of continuous improvement. Sharecare’s status of Accredited is granted to organizations that have excellent programs for the delivery and improvement of wellness and health promotion programs and that meet or exceed NCQA’s rigorous standards.

Sharecare’s WHP Accreditation is in addition to the 3-year NCQA Population Health Program Accreditation it received for its platform, including programs for coronary artery disease, heart failure, asthma, diabetes, and chronic obstructive pulmonary disease.

KEY QUOTES:

“This latest NCQA Accreditation is a reflection of our team’s commitment to empower our clients, their members, and their loved ones to unlock the total value of their health benefits. We are proud to be recognized again by the industry’s gold standard, and humbled to continue helping at-risk individuals improve their health outcomes through our proprietary RealAge assessment and evidence-based lifestyle and disease management coaching programs.”

— Michael Crupain, MD, MPH, senior vice president of clinical operations at Sharecare

“NCQA’s Wellness and Health Promotion Accreditation requires organizations to demonstrate their compliance with well-defined standards and quality measures. The NCQA seal will provide employers and consumers with the information they need to choose the best program in their markets.”

— Margaret O’Kane, NCQA President