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August 27, 2015 5:54 PM ET

Health Care Technology

Company Overview of HealthPrize Technologies LLC

Company Overview

HealthPrize Technologies LLC provides medication adherence solutions for patients. It offers HealthPrize Engagement Engine, a medication adherence platform and software solution that gathers daily compliance data from users, verifies their prescription refills, and rewards them for adherence. The company collects daily self-reporting through response to text or email messages, online via the HealthPrize dashboard, or via the HealthPrize mobile platform. Its solution combines financial incentives in loyalty points, weekly sweepstakes, and monthly competitions; and education, reminders, and fun. HealthPrize Technologies LLC has a strategic collaboration with MeadWestvaco. The company was found...

50 Water Street

Norwalk, CT 06854

United States

Founded in 2009

Phone:

203-957-3401

Key Executives for HealthPrize Technologies LLC

Co-Founder, Chief Executive Officer and Director
Co-Founder, Chief Medical Officer and Director
Co-Founder and Advisor
Chief Product and Brand Officer
Head of Pharmaceuticals Division and Director
Compensation as of Fiscal Year 2015.

HealthPrize Technologies LLC Key Developments

HealthPrize Technologies and Meadwestvaco Form Strategic Alliance to Increase Patient Engagement and Medication Adherence

HealthPrize Technologies, LLC and MeadWestvaco announced a strategic collaboration to integrate their proven adherence solutions to provide an end-to-end program to pharmaceutical companies, pharmacy chains, and the patients they serve. MWV's innovative calendared medication packaging with its proven adherence benefits will feature a link to HealthPrize's Software-as-a-Service (SaaS) medication adherence and patient engagement platform.

HealthPrize Technologies Announces Board Appointments

HealthPrize Technologies announced the addition of Dieter Weinand and Dawn Owens to its Board of Directors. As President and CEO of Bayer Pharma AG, Dieter Weinand serves as a member of Bayer HealthCare's Executive Committee and is Head of its Pharmaceuticals Division. Prior to joining Bayer in August 2014, Weinand served as President of Global Commercialization & Portfolio Management for Otsuka Pharmaceutical Development & Commercialization Inc. Dawn Owens served as CEO of OptumHealth from 2007 through 2012.

Healthprize Technologies Announces Partnership with Connexions Loyalty to Improve Medication Adherence

HealthPrize Technologies announced an agreement with Connexions Loyalty that builds upon Connexions' rewards platform. The companies will partner to give pharmaceutical companies access to a wide array of benefits that can be used to reward and motivate patients to take their medication as prescribed. The partnership allows HealthPrize to expand its ability to offer benefits to pharmaceutical companies by greatly enhancing the end-user experience for patients through a richer and more diverse set of rewards. For Connexions, the partnership opens up new distribution channels for its rewards and incentives while continuing to demonstrate the powerful motivational impact of points-based rewards programs. HealthPrize runs programs for pharmaceutical brands treating a variety of health conditions. The platform has proven to boost adherence rates--the mean number of prescription fills per patient relative to the brand's baseline fill rate--by a factor of two for some conditions. HealthPrize is the only medication adherence company that offers verification of every prescription fill and it empowers pharmaceutical companies to reward patients who accumulate points for a variety of activities. These activities can include reporting their daily medication adherence or filling their prescriptions. Additional forms of engagement are also rewarded with points, including points for the completion of weekly educational quizzes and market research surveys as well as the enjoyment of daily health tips. Patients also compete in sweepstakes and leaderboard competitions. Points are redeemed in the Rewards Mall, which will be managed by Connexions.

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