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RNS Number : 9253C Trellus Health PLC 28 February 2022
Trellus Health plc
("Trellus Health" or the "Company")
Company announces Direct to Consumer market launch in the New York tri-state
area
Program to accelerate patient recruitment and real-world evidence for
whole-person resilience driven care management for people living with
Inflammatory Bowel Disease (IBD)
LONDON, U.K. AND NEW YORK, U.S. (28 February 2022). Trellus Health plc (AIM:
TRLS), which is commercializing a scientifically validated, resilience-based,
connected health solution for chronic condition management, announces the
launch of its Direct-to-Consumer ("DTC") offering in the New York tri-state
area for people living with Crohn's Disease and ulcerative colitis.
The Company's DTC service will provide its resilience-based methodology to
support adult IBD patients' clinical treatment plans through care
coordination, behavioral skills training, expert disease education and remote
patient monitoring. The program includes personalized whole-person care plans,
the HIPAA-compliant TrellusElevate(TM) digital platform, telehealth services
and remote access to an expert licensed care team including a nurse educator,
behavioral health counselor, dietitian and resilience coach. Initially,
Trellus Health will offer enrollment for patients over age 17 in the states of
New York, New Jersey and Connecticut, with plans to expand into more than
twenty states by the end of the year. With over 30 million residents, the New
York tri-state area contains one of the highest concentrations of people
living with IBD in the United States (c.250,000 patients).
Trellus Health partners with Connected Health Medicine PC to deliver
telehealth clinical services using licensed healthcare professionals.
Fees to access and engage with the Company's DTC service will be paid
directly by patients or reimbursed by health insurance using existing current
procedural terminology (CPT) codes with select commercial insurance plans.
DTC pricing is lower on average than value-based B2B contract fees, and a
discounted introductory monthly membership rate is being offered to build
rapid awareness and recruitment.
As previously stated in the Company's trading update from December 2021, the
focus for 2022 will be on recruitment of DTC patients and the establishment
of additional demonstration programs and B2B contracts. This will enable
Trellus to gather real world evidence to validate and reinforce the health
quality and economic outcomes shown in the co-founders' published research, as
well as informing further product development.
Recently published clinical research
(https://www.londonstockexchange.com/news-article/TRLS/clinical-research-update-on-gritt-tm-methodology/15289171)
demonstrated that IBD patients show significant improvements in resilience and
reductions in expensive unplanned healthcare usage by utilising the
GRITT(TM) methodology and multidisciplinary care model that was exclusively
licensed from the Icahn School of Medicine at Mount Sinai. As greater evidence
is amassed in 2022, the Company expects to enter regional and national
multi-year contracts with US employers and health insurance payers from 2023
onwards.
Monique Fayad, CEO of Trellus Health, said: "We are pleased to announce the
launch of our Direct-to-Consumer membership for adults living with IBD in the
New York tri-state area. Our DTC offering will accelerate patient recruitment,
which is expected to make a material contribution to the number of patients
under management via the TrellusElevate(TM) platform by the end of 2022.
"IBD is a debilitating, incurable condition that requires behavioral support
to cope with the complexity and challenges of daily living. Trellus Health
partners with IBD patients and their GI Providers, offering behavioral,
nutritional and clinical monitoring support and tools beyond traditional
episodic medical care, with the goal of empowering patients, improving
outcomes and reducing the need for unplanned hospital and emergency room
visits. Healthcare providers can look to Trellus as a trusted extension of
their gastroentrology practice that helps improve care plan adherence and
outcomes through remote patient monitoring and access to much needed
whole-person care."
Disclosure
The GRITT™( )resilience assessment and personalized treatment methodology
described is based on technology developed at Icahn Mount Sinai and licensed
to Trellus Health. Mount Sinai and Mount Sinai faculty have a financial
interest in Trellus Health. Mount Sinai also has representation on the Trellus
Health Board of Directors.
For further information please contact:
Trellus Health plc www.trellushealth.com (http://www.trellushealth.com)
Monique Fayad, CEO Via Walbrook PR
Julian Baines, Chairman
Singer Capital Markets (Nominated Adviser & Broker) Tel: 020 7496 3000
Aubrey Powell / Jen Boorer
Walbrook PR Limited Tel: 020 7933 8780 or trellus@walbrookpr.com (mailto:trellus@walbrookpr.com)
Paul McManus / Sam Allen Mob: 07980 541 893 / 07502 558 258
About Trellus Health plc (www.trellushealth.com (https://trellushealth.com) )
Trellus Health (LSE: TRLS) is a leading pioneer in resilience-driven care and
the first digital health company focused on the intersection of chronic
physical conditions and mental health. Trellus Health's digital-first chronic
care management solution integrates convenient access to a licensed
multidisciplinary care team with a suite of tools for resilience assessment,
education and behavior modification, remote monitoring, health maintenance and
prevention. Through its TrellusElevate™ connected care platform and
companion App, the company enables coordination and delivery of expert
whole-person care, addressing both clinical and behavioral health together, in
context, to improve outcomes and reduce healthcare costs for patients,
employers, and the healthcare system.
Trellus Health is commercialising the provision of digital chronic condition
management solutions for employers and health plans that utilise the
scientifically validated resilience-based methodology and a proprietary
HIPAA-compliant technology platform called TrellusElevate™ to coordinate and
deliver personalised care remotely via telehealth. The Company is initially
focused on Inflammatory bowel disease ("IBD"), which includes the chronic
incurable conditions of Crohn's Disease and ulcerative colitis, but considers
its approach to have potential utility and demand across many chronic
conditions. A direct-to-consumer (DTC) offering is also being devised for IBD,
allowing patients to pay directly or submit claims for insurance reimbursement
utilising existing procedural codes.
The TrellusElevate™ platform is the Company's proprietary connected health
platform that incorporates the proprietary methodology and learnings on
resilience from clinical research and practice conducted at the Mount Sinai
IBD Center for more than five years. The proprietary methodology and
resilience-driven multidisciplinary care model have been scientifically
validated to demonstrate meaningful improvements in patient outcomes, 71%
reduction in Emergency Department (A&E) visits, and 94% reduction in
unplanned hospitalisations, which the directors of the Company believe
indicates the potential for significant cost savings for healthcare payers.
IBD patients treated using the methodology also experienced a 49% reduction in
required opioid use and a 73% reduction in corticosteroid use 12 months
following program completion.
The Company was founded by Mount Sinai faculty members Dr. Marla C. Dubinsky,
MD and Dr. Laurie Keefer, PhD, both with decades of combined experience in IBD
and psychogastroenterology, respectively. Trellus Health's patent-pending
GRITT(TM )resilience assessment and personalized treatment methodology was
developed and validated at the Mount Sinai Health System to build resilience
and wellness for improved outcomes at lower cost.
Shares in Trellus Health were admitted to trading on AIM in May 2021, under
the ticker TRLS. For more information on Trellus Health,
visit www.trellushealth.com (https://trellushealth.com/)
About the Mount Sinai Health System
The Mount Sinai Health System is New York City's largest academic medical
system, encompassing eight hospitals, a leading medical school, and a vast
network of ambulatory practices throughout the greater New York region. We
advance medicine and health through unrivaled education and translational
research and discovery to deliver care that is the safest, highest-quality,
most accessible and equitable, and the best value of any health system in the
nation. The Health System includes approximately 7,300 primary and specialty
care physicians; 13 free-standing joint-venture centers; more than 410
ambulatory practices throughout the five boroughs of New York City,
Westchester, and Long Island; and more than 30 affiliated community health
centers. The Mount Sinai Hospital is ranked in U.S. News & World Report's
"Honor Roll" of the top 20 U.S. hospitals and among the top in the nation by
specialty: No. 1 in Geriatrics and top 20 in Cardiology/Heart Surgery,
Diabetes/Endocrinology, Gastroenterology/GI Surgery, Neurology/Neurosurgery,
Orthopedics, Pulmonology/Lung Surgery, Urology, and Rehabilitation. Mount
Sinai Kravis Children's Hospital is ranked in U.S. News & World Report's
"Best Children's Hospitals" among the country's best in four out of 10
pediatric specialties. New York Eye and Ear Infirmary of Mount Sinai is ranked
among the Top 20 nationally for ophthalmology. The Icahn School of Medicine at
Mount Sinai is one of three medical schools that have earned distinction by
multiple indicators: ranked in the top 20 by U.S. News & World Report's
"Best Medical Schools," aligned with a U.S. News & World Report "Honor
Roll" Hospital, and No. 14 in the nation for National Institutes of Health
funding. Newsweek's "The World's Best Smart Hospitals" ranks The Mount Sinai
Hospital as No. 1 in New York and top five globally, and Mount Sinai
Morningside as top 20 globally, and "The World's Best Specialized Hospitals"
ranks Mount Sinai Heart as No. 1 in New York and No. 5 globally and the
Division of Gastroenterology as No. 5 globally. For more information,
visit https://www.mountsinai.org (https://www.mountsinai.org/) or find
Mount Sinai on Facebook (https://www.facebook.com/mountsinainyc) , Twitter
(https://twitter.com/mountsinainyc) and YouTube
(https://www.youtube.com/mountsinainy) .
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