Livongo Health (NSDQ:LVGO) said yesterday that it expanded its partnership with Blue Cross & Blue Shield of Kansas City to offer its diabetes program to all of Blue KC’s fully insured clients.
The agreement intends to make Livongo available to eligible administrative services only clients with Blue KC as well, according to a news release. Blue KC is the largest non-profit commercial health insurer in Missouri, providing health coverage to more than 1 million members.
Mountain View, Calif.-based Livongo’s diabetes program sets out to provide members with a connected blood glucose meter, unlimited test strips, personalized coaching and real-time insights to help spur behavior change. The company said more than 720 organizations, including more than 20% of Fortune 500 self-insured employers, health systems, health plans and two leading pharmacy benefit managers, have implemented its solutions.
“We are very excited to expand our partnership with Blue KC to offer their fully insured population a solution that makes it easier to stay healthy,” Livongo CEO Zane Burke said in prepared remarks. “Blue KC was an early Livongo adopter and we see this expansion as a strong vote of confidence. As we continue to deliver measurable results, we are able to expand our business both within current clients and to entirely new organizations that are eager for a different and better chronic condition management solution. Partnerships with innovative health plans like Blue KC, and their decision to expand use of the Livongo platform to both fully insured and in their ASO offering, demonstrates the confidence they have in Livongo, something we very much value.”
“As the chronic condition epidemic in the United States continues to progress, it is paramount that healthcare organizations find solutions that address these conditions and the related costs,” added Blue KC senior medical director Dr. Raelene Knolla. “Through a combination of technology, data science, and coaching, Livongo has proven its effectiveness in delivering a great experience that bends the cost curve for organizations who provide health coverage services. We are excited for our continued work together and for the prospects of improved outcomes and cost savings for our clients and members.”
Earlier this month, Livongo shares jumped after the company landed a two-year deal with the Federal Employees Health Benefits Program that could add as much as $30 million a year to its top line. LVGO shares were down -3.1% at $20.57 per share in midday trading today.