Yes Health, a cellular platform for weight reduction, diabetes prevention and concierge well being teaching, is transferring deeper into the employer market with its new partnership with Gympass, a company health platform.
Through the deal, Gympass shopper firms can now supply their workers entry to Yes Health’s wellness app.
The app creates customized well being packages for every member’s targets based mostly on suggestions from credentialed Yes Health coaches. Users get on-demand health, vitamin and wellness ideas from their coach, in addition to progress-tracking and suggestions.
For its half, Gympass permits employers to offer their workers with month-to-month passes that may be redeemed for fitness center entry and numerous health lessons. Through the app, members can seek for areas that assist a Gympass, lookup particular class schedules and verify into their session by way of GPS.
Gympass selected to accomplice with Yes Health “as a result of its easy-to-use platform has been confirmed to drive excessive engagement and higher well being outcomes for customers with out requiring complicated expertise or costly sources,” the corporate stated in a press release.
WHY THIS MATTERS
Seeing the bodily and psychological tolls the pandemic has had on their workers, many firms are searching for methods to spend money on their workforce’s well being.
In truth, 68% of U.S. employers stated they plan to extend funding into digital well being merchandise over the following 5 years, in response to a survey from Mercer Marsh Benefits, Mercer and Oliver Wyman. Four in 10 of those employers stated they believed that digital well being choices would assist their firm retain its workers, and 94% stated that well being and wellbeing investments might be both equally or more and more a precedence within the coming years.
Further, workers appear open to this type of intervention. According to the identical survey, solely 5% of workers say they’d by no means be fascinated by making an attempt out an employer digital well being providing.
Yes Health hopes its partnership with Gympass may give workers the instruments they should get their well being on monitor.
“U.S. employers are dealing with unprecedented disruption with larger ranges of worker stress, anxiousness and different well being considerations, inflicting essentially the most revolutionary employers to acknowledge that their groups want entry to stylish digital well being instruments that may assist workers take management of their well being,” Alexander Petrov, founder and CEO of Yes Health, stated in a press release.
“By including Yes Health to the Gympass community, members now have a single place on their cellular gadgets, the place they’ll go for fast, easy-to-use and customized care plans, that features diabetes prevention, vitamin counseling, health teaching, sleep, wellbeing assist and way more.”
THE LARGER TREND
Last yr, Yes Health accomplished a $6 million funding round. Gympass’s last funding raise was in 2019 and was price $300 million. Following that, it acquired Portugal-based artificial intelligence company Flaner.
Other digital well being firms which have focused the employer market in current months embody YourCoach.Health, which lately debuted an employee-centric model of its platform, Collective Health, which scored $280 million to scale its employer well being advantages administration platform, Eden Health, which lately rolled out a vaccine standing sharing program for workers, and Meru Health, which developed a brand new program geared toward serving to workers coping with delicate despair or anxiousness signs.