Wellteq Digital Health Inc. (CSE: WTEQ) has extended its agreement with Australia’s fourth largest private health insurer through a three-year Service Agreement.
nib health funds (NHF:ASX), are enhancing member engagement by offering a customized Wellteq platform to their members.
nib has been Wellteq’s largest corporate customer for over two years and this new 3-year Service Agreement is an extension of that successful relationship.
Wellteq’s digital health solution integrates its preferred partners such as Garmin and other health provider partners into the nib-customised digital wellness app and delivers health coaching, gamification, rewards and other features to nib’s members.
Wellteq Digital Health Inc. (CSE: WTEQ), (the “Company” or Wellteq”), which supplies digital health and wellness solutions to customers in 12 languages across 30 countries is pleased to announce a three-year contract extension with the Company’s largest client, nib health funds (ASX: NHF) based in Australia.
nib is Australia’s fourth-largest private health insurer and provides private health insurance coverage to over 1.2 million policyholders across Australia. In line with the health insurer’s Payer to Partner journey, nib is focused on providing greater access to personalized treatment and care for its members as it moves away from being a traditional payer of claims and towards its ambition of becoming a health partner.
nib Chief Executive – Australian Residents Health Insurance, Ed Close said, “nib had engaged Wellteq alongside other core partners including Garmin and data science company, Honeysuckle Health, to offer world leading digital health solutions.”
Further, Mr. Close stated,
“By using digital methods we can equip members with tools and techniques that they can use to better manage their health and wellbeing. In turn, prevent the development of more serious health issues down the track.”
Scott Montgomery, CEO of Wellteq, commented,
"Wellness is no longer a step counting fun-feature that sits to the side of insurance, nor is it a nice-to-have option that some insurers offer to their members. Digital Wellness has become table stakes for insurance companies that are serious about improving health outcomes for people. It is now a staple business tool for modern insurers. We are delighted to continue working with nib as they genuinely share our values and ambitions toward offering real health improvement in a personalized, respectful and meaningful manner. nib are leading industry innovators and our ongoing collaboration is proving extremely beneficial for all stakeholders in this relationship – a true win-win.”
About Wellteq Digital Health Inc.
Wellteq Digital Health Inc. is a leading global provider of personalized digital health and wellness solutions across the continuum of care. To learn more, visit http://www.wellteq.co.
Wellteq is part of our Insurtech Batch 2 program in Plug and Play.
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