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New York Medicaid Health Plan Agreement

13 Feb 2023 07:00

RNS Number : 6495P
Trellus Health PLC
13 February 2023
 

 

Trellus Health plc

("Trellus Health" or the "Company")

 

Trellus IBD program to be offered through New York Medicaid Health Plan

 

Demonstration project in partnership with New York State health insurer with over 1.8 million members

 

LONDON, U.K. AND NEW YORK, U.S. (13 February 2023): Trellus Health plc (AIM: TRLS), which is commercializing a scientifically validated, personalized resilience-driven self-management solution for chronic health conditions at their intersection with mental health, announces that the Trellus Resilience Training and Self-Management Solution for Inflammatory Bowel Disease (the "Trellus IBD program") will be made available under an initial demonstration project with a New York-based health insurance company (the "Partner") with more than 1.8 million members.

 

The Trellus IBD program is designed to enable IBD patients to take charge of their health needs, access behavioral and emotional support in between office visits, and ultimately to improve outcomes. The use of digital tools for self-care and ongoing coaching under the Trellus IBD program aligns strongly with the Partner's goal of providing value-driven, optimized care that is available with equal opportunity to all.

 

Under the terms of the agreement, the Trellus IBD program is now included as a health plan benefit to certain Partner members under its Medicaid managed care plan, to coordinate and deliver personalized behavioral, emotional and nutritional support for the Partner's Medicaid IBD patients remotely via digital solutions, and provide access to an expert resilience team via telehealth. The Partner will pay for such members' enrolment and participation in the Trellus IBD Program, with a targeted maximum enrolment of 50 patients. The agreement will run for an initial 12-month term and can be extended by mutual agreement, with patient enrolment to begin imminently.

 

This partnership is the culmination of the final contracting phase with a New York Medicaid health plan which was referred to in the Company's interim results release issued on 30 September 2022, and represents further execution of Trellus Health's strategy to expand access to its self-management solution through both its Direct-to-Consumer ("D2C") and Business-to-Business-to-Consumer ("B2B2C") models. This B2B2C partnership will provide Trellus Health with further data to strengthen the evidence base of the ability of the Trellus IBD program to provide improvements in outcomes and on reductions in the cost of caring for GI patients. Meeting these shared core objectives is expected to support the wider rollout of the Trellus IBD solution. 

 

Dr. Marla Dubinsky, Chief Executive Officer of Trellus Health, said: "I am delighted to sign this B2B2C agreement with this New York State-based health insurer to offer the Trellus IBD program to up to 50 of its members over a 12-month period. Access to the Trellus IBD program will enable the insurer to empower its members to learn to self-manage their chronic conditions with confidence, and improve health outcomes at a significantly lower cost. We look forward to reviewing the data from this initial 12-month term, which will further strengthen our evidence base as we continue discussions with other regional and national health plans, employers, health systems, GI provider networks and pharmaceutical companies.

 

"We look forward to working with this Health Plan to evaluate further how the Trellus IBD program can achieve better health outcomes, and how enhanced condition management and quality of life measures can be supported by improvements in resilience using our approach."

 

 

For further information please contact:

 

Trellus Health plc

www.trellushealth.com

Dr. Marla Dubinsky, CEO and Co-Founder

Dr. Daniel Mahony, Chairman

Via Walbrook PR

 

 

Singer Capital Markets (Nominated Adviser & Broker)

Tel: 020 7496 3000

Aubrey Powell / Jen Boorer

Walbrook PR Limited

Tel: 020 7933 8780 or trellus@walbrookpr.com

Paul McManus / Sam Allen / Phillip Marriage

Mob: 07980 541 893 / 07748 651 727 / 07867 984 082

 

 

About Trellus Health plc (www.trellushealth.com)

Trellus Health (LSE: TRLS) is the first resilience based digital health company focused on the intersection of chronic illness and mental health. Trellus Health integrates its proprietary resilience-based methodology with the technology, tools and team to deliver a whole-person technology-enhanced experience that results in relieving disease burden, building self-management skills and promoting individual health behaviors that enable thriving in the face of a chronic condition. Through its TrellusElevate™ connected health platform and companion App, the company addresses both physical and behavioral health together, in context, to improve outcomes and reduce healthcare costs across the healthcare ecosystem.

 

The Company is initially focused on Inflammatory bowel disease ("IBD"), which includes the chronic incurable conditions of Crohn's Disease and ulcerative colitis, and shortly Irritable Bowel Syndrome ("IBS"), but, given the common struggles of self-management, considers its approach to have potential utility and demand across many chronic conditions.

 

The TrellusElevate™ platform is the Company's proprietary connected health platform that incorporates the GRITT™ methodology and learnings on resilience from clinical research and practice conducted at the Mount Sinai IBD Center for more than five years. This proprietary, resilience-driven methodology has been scientifically validated to demonstrate meaningful improvements in patient outcomes, 71% reduction in Emergency Department (A&E) visits, and 94% reduction in unplanned hospitalisations, which the directors of the Company believe indicates the potential for significant cost savings for healthcare payers. Patients with IBD treated using the methodology also experienced a 49% reduction in required opioid use and a 73% reduction in corticosteroid use 12 months following starting the program2.

 

The Company was founded by Mount Sinai faculty members Marla C. Dubinsky, MD and Laurie Keefer, PhD, both with decades of combined experience in IBD and psychogastroenterology, respectively. Trellus Health's patent-pending GRITT™ resilience assessment and personalized resilience training methodology was developed and validated at the Mount Sinai Health System to build resilience and wellness for improved outcomes at lower cost.

 

Shares in Trellus Health were admitted to trading on AIM in May 2021, under the ticker TRLS. For more information on Trellus Health, visit:  www.trellushealth.com

 

1) Source: https://www.cdc.gov/chronicdisease/about/costs/index.htm)

2) Source: https://www.sciencedirect.com/science/article/pii/S1542356521012258)

 

About the Trellus IBD program

Trellus Health is pioneering a scientifically validated, personalized resilience-driven self-management solution for chronic health conditions which addresses the intersection of chronic illness with mental health, estimated to cost the US economy $3.7 trillion annually.1 The Trellus approach transforms chronic condition management and changes the lives of patients living with debilitating, incurable conditions, initially focused on IBD, including Crohn's Disease and ulcerative colitis, and shortly IBS, but with potential utility and demand across many chronic conditions.

 

The Trellus IBD program is a self-management solution driven by personalized resilience training. The program empowers and enables members to manage their condition by teaching them to set goals, actively identify challenges and solve problems associated with their condition, driving a change of health behavior to deliver improved outcomes and health status at lower cost.

 

Patients with IBD face many challenges which are common across many chronic conditions: the management of complex medication regimens, dealing with symptoms and disability, monitoring physical indicators, maintaining proper levels of nutrition, adjusting to the psychological and social demands including difficult lifestyle adjustments, as well as engaging in effective interactions with health providers.

 

Trellus's personalized resilience-driven self-management training programs are designed specifically for people looking to overcome these challenges. The aim is to enable patients and their physicians to achieve better quality patient outcomes at a lower cost to health plans and employers, and the proprietary resilience method has been proven to reduce unplanned hospitalizations by 94% at the Mount Sinai IBD Center, New York, NY.2

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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28th Sep 20237:00 amRNSHalf-year Report
14th Sep 20237:00 amRNSNotice of Results
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13th Jun 20237:00 amRNSRelated Party Transactions
26th May 20237:00 amRNSPosting of Annual Report and Notice of AGM
23rd May 20237:00 amRNSFinal Results
28th Apr 20237:00 amRNSNotice of Results
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13th Feb 20237:00 amRNSNew York Medicaid Health Plan Agreement
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19th Oct 20227:00 amRNSTrellus IBD program launches on GI OnDEMAND
17th Oct 20227:00 amRNSTwo contracts signed with Mount Sinai
5th Oct 20229:06 amRNSSecond Price Monitoring Extn
5th Oct 20229:00 amRNSPrice Monitoring Extension
30th Sep 20224:41 pmRNSSecond Price Monitoring Extn
30th Sep 20224:35 pmRNSPrice Monitoring Extension
30th Sep 20227:00 amRNSHalf-year Report
26th Sep 20227:00 amRNSMarla Dubinsky a recipient of 2022 Sherman Prize
22nd Sep 20227:00 amRNSNotice of Results and Investor Presentation
1st Aug 20227:00 amRNSAppointment of Chief Financial Officer
19th Jul 20227:00 amRNSDirectorate Changes
27th Jun 20222:47 pmRNSResult of AGM and voting results
23rd Jun 20227:00 amRNSDirectorate Change
25th May 202212:00 pmRNSPosting of Annual Report & Accounts
10th May 20227:01 amRNSInvestor Presentation
10th May 20227:00 amRNSFinal Results
7th Apr 20227:00 amRNSNotice of Results
28th Feb 20227:00 amRNSDirect to Consumer market launch in New York
21st Jan 20227:00 amRNSAppointment of Chief Financial Officer
17th Jan 20227:00 amRNSClinical research update on GRITT(tm) methodology
4th Jan 20227:00 amRNSDirectorate Change
20th Dec 20213:44 pmRNSIssue of Equity
14th Dec 20217:00 amRNSTrading update
22nd Sep 20217:00 amRNSHalf-year Report
16th Sep 20217:00 amRNSNew Partnership Agreement & Licensed Clinical Team
9th Sep 20217:00 amRNSNotice of Results
23rd Aug 20217:00 amRNSFirst Demonstration Programme Contract
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