Omada Health Awarded as Technology Pioneer by World Economic Forum
- World Economic Forum today announced its selection of the world’s 30 most promising Technology Pioneers 2016 at the Annual Meeting of the New Champions in Tianjin, People’s Republic of China
- Companies were selected for their potential to significantly impact business and society through new technologies and advance the Fourth Industrial Revolution
- Omada Health, a digital behavioral medicine company that empowers people to reduce their risk for chronic conditions like type 2 diabetes and heart disease, was selected for helping to combat the public health challenge of chronic disease.
- The full list of recognized Technology Pioneers can be viewed here
San Francisco, CA (June 27, 2016) – Omada Health, the San Francisco-based digital behavioral medicine company, was today awarded as one of the World Economic Forum’s Technology Pioneers, a selection of the world’s most innovative companies. Omada works with employers, health plans, and health systems to digitally administer intensive behavioral counselling to individuals at elevated risk of chronic conditions like type 2 diabetes and heart disease. The company generates its revenue on a pay-for-outcomes model that aligns its incentives with its organizational partners and individual participants.
Omada Health was chosen by a professional jury among hundreds of candidates as one of the 30 selected companies. Thanks to its selection, it will have access to an influential and sought-after business and political network worldwide. Sean Duffy, the Co-Founder and Chief Executive Officer, is participating in the Annual Meeting of the New Champions, and many Technology Pioneers will also participate in the World Economic Forum Annual Meeting 2017 in Davos-Klosters, Switzerland.
“We welcome Omada Health in this group of extraordinary pioneers,” said Fulvia Montresor, Head of Technology Pioneers at the World Economic Forum. “Omada is among those companies that help shape the Fourth Industrial Revolution, a technological revolution that will fundamentally alter the way we live, work and relate to one another. Through the platform of the World Economic Forum, it will be able to scale and share its technology and achieve a larger impact.”
“Being recognized as a technology pioneer by the World Economic Forum is an acknowledgement that Omada’s approach to tackling the epidemic of chronic disease has the potential to address a generational public health challenge,” said Duffy. “Digital behavioral medicine can scale and deliver effective interventions to millions of people who need them the most. In a world where chronic disease now kills more people than infectious disease, the World Economic Forum’s award gives Omada a continued mandate to reach as many at-risk individuals as possible.”
As in previous years, American-based entrepreneurs continue to dominate the list of Technology Pioneers, with 22 out of 30 recipients. Other selected pioneers come from France (2), Luxembourg (2), and Canada, Israel, Sweden and the United Kingdom. The Technology Pioneers are mostly active in IT, health (medtech), food, energy, environment, financial services (fintech) and production.
The Technology Pioneers were selected from among hundreds of applicants by a selection committee of 68 academics, entrepreneurs, venture capitalists and corporate executives. Notable members of the committee include Jeffrey M. Drazen (Editor-in-Chief, The New England Journal of Medicine) and Sang Yup Lee (Distinguished Professor and Director, Korea Advanced Institute of Science and Technology). The committee based its decisions on criteria including innovation, potential impact, working prototype, viability and leadership. Past recipients include Google (2001), Wikimedia (2007), Mozilla (2007), Kickstarter (2011) and Airbnb (2013). More information on past winners can be found here.
All information on this year’s Technology Pioneers can be found here: http://wef.ch/techpioneers
About Omada Health: Omada Health is a digital behavioral medicine company that inspires and enables people to reduce their risk for serious—but largely preventable—chronic conditions like type 2 diabetes and heart disease. As the largest CDC-recognized provider of the National Diabetes Prevention Program in the United States, Omada combines proven behavioral science, the power of professional health coaches and peer groups, cutting-edge technology (including a wireless scale pre-synced to a participant’s account), a proprietary curriculum, and intuitive design to deliver clinically-meaningful results. Since its founding, Omada has enrolled more than 60,000 participants across all 50 United States. The company operates on a pay-for-outcomes model, generating profit only when participants enroll in the program and achieve meaningful clinical results. Backed by investors including Andreessen Horowitz, US Venture Partners, and Norwest Venture Partners, Omada’s clients include Lowe’s, Iron Mountain, and Costco as well as health insurers like Humana and Kaiser Permanente. To learn more, visit www.omadahealth.com. You can follow Omada on Twitter @OmadaHealth.
About the World Economic Forum: The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org).
For more information, contact:
Adam Brickman
(914) 548-3748