Sharecare Inc Stock Price, News & Analysis

Sharecare (Nasdaq: SHCR) has announced it will release its fourth quarter and full year fiscal 2022 financial results on March 29, 2023, before market opening. A conference call to discuss these results will follow at 8:00 a.m. EDT on the same day. Participants can access the call via phone or a live audio webcast.

Sharecare aims to unify health management through its digital platform, enhancing accessibility and affordability of care for individuals and communities.

On March 2, 2023, Empathy announced its partnership with Sharecare (NASDAQ: SHCR) to provide employers with bereavement support for employee caregivers. This collaboration aims to assist the over 40 million caregivers in the U.S. who manage caregiving responsibilities while coping with loss. Through Sharecare's platform, CareLinx, organizations can now offer resources that include emotional support, grief counseling, and logistical assistance during bereavement. This initiative seeks to improve employee well-being by helping them navigate the complexities of caregiving and grief, ultimately enhancing workplace productivity and retention.

Sharecare (NASDAQ: SHCR) has enhanced its home care services beyond Medicare Advantage, now providing targeted care management programs and transitional care to high-risk populations including health plans and employers. Currently, CareLinx is accessible to over 2 million Medicare Advantage members, with improved member experiences reflected in a Net Promoter Score of 96. The service is designed to reduce costly hospital readmissions and improve health outcomes, bolstered by data-driven care coordination. Recent studies indicate potential savings of $25 billion in healthcare costs due to better continuity of care, highlighting the need for integrated home care services.

Sharecare (Nasdaq: SHCR) has announced the 2023 Sharecare Awards, aimed at recognizing outstanding health and wellness productions. Entries will be accepted until April 30, 2023, across 13 categories, including caregiving, chronic conditions, and healthy living. No entry fee is required due to sponsorship support. Donna Hill Howes, chief nursing officer, emphasized the awards' role in fostering innovation and empathy within the health community. Finalists will be revealed in the summer, with public voting for the Sharing Care Award starting thereafter. Winners will be celebrated in October via a virtual event.

On February 9, 2023, Sharecare (Nasdaq: SHCR) announced its release of information (ROI) solutions ranked No. 1 in the '2023 Best in KLAS: Software & Services' report, achieving a score of 90.5 out of 100. This rating stems from evaluations by thousands of healthcare providers, affirming Sharecare's commitment to high-quality patient services. The company excelled in customer experience metrics such as loyalty and value. Executive VP Kevin O'Laughlin emphasized the honor of being recognized as the top performer in the ROI sector, highlighting their dedication to improving healthcare delivery and reducing costs for medical practices and hospitals.

Sharecare (NASDAQ: SHCR) and Blue Zones announced that eight communities in Southwest Florida achieved Blue Zones Community certification, marking significant advancements in health and well-being. Since the project's initiation in 2015, the community well-being index score increased to 72.2 out of 100, a rise of 3.6 points. Key achievements include a 26.8% increase in residents thriving daily, a reduction in tobacco use to 3.6%, and over $190.2 million in medical cost savings. The initiative engages nearly 275,000 people and 800 organizations, fostering policies and practices that promote healthier lifestyles.

Sharecare (Nasdaq: SHCR) has launched the Get Active program aimed at enhancing physical activity among employees through virtual reality (VR). In a successful pilot with Lennar Corporation, the program achieved an 82% engagement rate and a 280% increase in average weekly exercise minutes among high-risk employees. Sharecare plans to expand the program to more members in 2023, leveraging VR to help participants overcome barriers to exercise and promote healthier lifestyles. The initiative aligns with growing efforts to improve employee well-being and reduce healthcare costs.

On January 18, 2023, Sharecare (NASDAQ: SHCR) announced the launch of a virtual delivery model for its Ornish Lifestyle Medicine program, an Intensive Cardiac Rehabilitation (ICR) program. This program is now reimbursable by Medicare and various commercial plans and is the only ICR program proven to potentially reverse coronary heart disease without drugs or surgeries. With cardiovascular disease being a leading cause of death in the U.S. and millions qualifying for outpatient programs, Sharecare aims to reduce barriers to access, demonstrated by 99% completion rates in initial virtual cohorts. The program is designed to enhance health equity and improve cardiac health outcomes.

Sharecare, Inc. (Nasdaq: SHCR) appointed Brent Layton, a seasoned healthcare executive, to its board of directors and Audit Committee, effective January 11, 2023. Layton brings over 30 years of healthcare industry experience, including leadership roles at Centene Corporation, where he oversaw extensive Medicaid and Medicare programs. His expertise in managed care and strategic partnerships is expected to enhance Sharecare's mission of improving health access and outcomes.