STOCK TITAN

WeightWatchers Enhances Enterprise Offering with Full-Spectrum Access to Weight Health

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
WeightWatchers for Business integrates science-proven behavioral program with virtual obesity clinic and medication management to offer a complete weight health platform for employers and health plans.
Positive
  • WeightWatchers for Business offers a full spectrum weight health platform with individualized member pathways based on clinical need.
  • WeightWatchers for Business provides cost management and utilization strategy to help organizations navigate the increased costs of weight-related conditions and medications.
  • WeightWatchers' virtual clinic members have seen an average of 20.7% weight loss after 12 months.
  • WeightWatchers' full-spectrum program shows a 3.9x ROI for employers.
Negative
  • None.

Complete weight health platform with individualized pathways inclusive of both behavioral and clinical interventions and science-proven tools for employers and health plans

NEW YORK, Oct. 06, 2023 (GLOBE NEWSWIRE) -- WeightWatchers (NASDAQ: WW), (“WeightWatchers,” “WW,” or the “Company”) announced today that WeightWatchers for Business has fully integrated WW’s science-proven behavioral program with its virtual obesity clinic and medication management. The Company now offers a full spectrum weight health platform designed for employers and health plans, that delivers individualized member pathways based on true clinical need.

As prevalence of chronic diseases increases, organizations are challenged with higher costs, with experts predicting a 2-10% increase in insurance premiums in 20241. Among the many contributing factors are the increased utilization and cost of GLP-1 medications indicated for weight loss and diabetes. To help organizations navigate this new landscape, WeightWatchers for Business is building on its 30+ years of science-backed expertise in the employer-sponsored healthcare space with a complete cost management and utilization strategy that includes preventing progression and facilitating remission of weight-related conditions, as well as managing weight before, during, and after pharmacotherapy. WeightWatchers for Business utilizes evidence-based clinical pathways and step therapy with proprietary de-escalation protocols designed to drive clinically significant outcomes while controlling cost.

“Health plans, PBMs, and their clients are grappling with unprecedented demand for this new class of chronic weight management medications and the associated costs,” stated Kevin O'Brien, Senior Vice President of Commercial Growth and Customer Operations for WeightWatchers. “Organizations are likely to face higher expenditures in this category, extending beyond the treatment of obesity. Our aim is to guide our partners to manage costs at scale, while providing long-term weight health for their people.”

The complete weight health platform includes:

  • WW’s science-proven behavior change program for sustained outcomes, including a program tailored for diabetes, as well as, later this year, a program tailored for those on GLP-1 medications
  • Robust virtual and in-real-life community
  • Coach support at scale
  • Integrated health insights
  • Virtual clinic care and medication management, including GLP-1s when appropriate, under the guidance of obesity medicine trained healthcare providers

WeightWatchers’ virtual clinic members have seen an average of 20.7% weight loss after 12 months2. In addition, WeightWatchers’ third-party validated ROI model shows a 3.9x ROI for employers when implementing WW’s full-spectrum program.

To further WeightWatchers’ commitment to providing the most clinically-proven tools and interventions surrounding weight health, the Company has appointed Amy Meister, D.O., M.R.O., Chief Medical Officer to lead access to global medical services across the business. Serving in this role, Dr. Meister will deliver the highest standard of care for the WeightWatchers membership as well as provide leadership across the complete health platform with behavioral science, clinical solutions and in-person experiences.

“As an internal medicine physician, treating people living with obesity has been core to my practice for my entire career – and I believe no one is better positioned to partner with employers to address this challenge across all populations than WeightWatchers,” said Dr. Meister, “I am confident that this best-in-class combination of digital intensive lifestyle intervention with care delivery will drive positive outcomes in holistically addressing weight health.”

Dr. Meister brings over 23 years of experience with a strong background in population health management, care delivery best practices, including virtual health, and managed care services, which will serve in shaping the future medical practices of the business.

“With the appointment of Dr. Meister and our dedication to serving the employer community and beyond, we are furthering our mission to expand weight health care access and equity of treatment to generate better health outcomes for all,” said Sima Sistani, CEO of WeightWatchers.

Learn more about WeightWatchers for Business at ww.com/forbusiness, or by visiting the WeightWatchers booth at the 2023 HLTH Conference in the Las Vegas Convention Center (located at 4641, West Hall), October 8 - 11, 2023.

About WW International, Inc.
WeightWatchers is a human-centric technology company powered by our proven, science-based, clinically effective weight loss and weight management program. For six decades, we have inspired millions of people to adopt healthy habits for real life. We combine technology and community to help members reach and sustain their goals on our program. To learn more about the WeightWatchers approach to healthy living, please visit ww.com. For more information about our global business, visit our corporate website at corporate.ww.com.

For more information, contact:

Media:
O'Licia Parker-Smith
olicia.parkersmith@ww.com

Investors:
Corey Kinger
corey.kinger@ww.com

  1. https://www.healthsystemtracker.org/brief/how-much-and-why-2024-premiums-are-expected-to-grow-in-affordable-care-act-marketplaces/
  2. Derived from Sequence/WW virtual clinic member data (n=1505) for which baseline and 12-month weights were available

FAQ

What does WeightWatchers for Business offer?

WeightWatchers for Business offers a complete weight health platform with individualized member pathways based on clinical need.

How does WeightWatchers for Business help organizations navigate increased costs?

WeightWatchers for Business provides a cost management and utilization strategy for weight-related conditions and medications.

What results have WeightWatchers' virtual clinic members achieved?

WeightWatchers' virtual clinic members have seen an average of 20.7% weight loss after 12 months.

What ROI does WeightWatchers' full-spectrum program show for employers?

WeightWatchers' full-spectrum program shows a 3.9x ROI for employers.

WW International, Inc.

NASDAQ:WW

WW Rankings

WW Latest News

WW Stock Data

120.39M
69.38M
1.18%
82.6%
17.6%
Diet and Weight Reducing Centers
Other Services (except Public Administration)
Link
United States of America
NEW YORK

About WW

we’re proud to be an industry leader in health and wellness, helping people lose weight, transform their lives and enjoy the foods they love. with our personal coaching experience, 24/7 expert chat (real-time, online support on mobile and our site), 700 meeting locations across the country and comprehensive apps to help our members stay on track, we are experts when it comes to behavior change and weight loss. so how are we different? weight watchers works because we understand people and how their brains work. we know losing weight is hard. we all live in the real world, and the real world is… complex. that’s why we combine a weight-loss plan with customized support to help with the tricky parts. we take great pride in improving people’s lives and helping to make the world a healthier place. doing good feels really, really good.