New digital health platform is financed with health bond from Region Stockholm
Region Stockholm has made a decision on a new, long-term health care initiative to prevent chronic public health diseases such as type 2 diabetes.
Through a digital health platform from Health Integrator, users gain access to a large number of health services and providers in areas such as physical activity, nutrition, sleep and stress management. The Region Stockholm finances the long-term prevention initiative with a unique health bond, a Health Impact Bond. (Read news text from the Stockholm region, www.sll.se).
− We are very pleased to launch our digital health platform today. With Health Integrator, we want to give individuals the right conditions to succeed in changing their living habits in a sustainable way. With the support of coaching from a health educator, health test and a tailor-made solution based on the individual’s conditions and needs, the chances of success increase, says Fredrik Söder, founder and CEO of Health Integrator, a startup company in preventive health.
Unique financing solution with a health bond
The Stockholm Region finances its long-term investment with a health bond, a Health Impact Bond. Repayment and interest are linked to how successful the preventive effort is. This financial bond model is the first known of its kind, also internationally.
The health initiative is the result of a collaboration between Region Stockholm, Health Integrator, Skandia as financier and SEB, which has developed the financial model.
Health Integrator raises SEK 7.5 million in capital
In connection with the contract with Region Stockholm, Health Integrator raises SEK 7.5 million in new capital to develop new customers and markets. The investors are Luminar Venture, Leksell Social Venture, Add Health Media, Sting, Doberman Forward and angel investors with backgrounds in companies like Spotify.
− The need for preventive health is enormous and we are only at the beginning of the development of that market. Health Integrator is an exciting company that takes a whole new approach and shows that it is possible to create a sustainable business, says Daniel Karsberg, Investment Manager, Luminar Venture.
Tested in clinical study in collaboration with Karolinska Institutet
Health Integrator’s health solution has been tested in a clinical study by Karolinska Institutet. The study was led by Ylva Trolle Lagerros, chief physician at the Overweight Center in the Stockholm region and a researcher at Karolinska Institutet.
Few apps have been scientifically evaluated, but the Health Integrator app has been tested in a randomized controlled trial* of just over 200 people. Already after three months, the researchers saw statistically significant differences in health variables such as waist size and blood pressure between the group that used the Health Integrator app and the group that did not receive the app.
− Creating lasting lifestyle habits is a challenge. With digital solutions such as Health Integrator’s app and platform, there is now the possibility of tailor-made support in everyday life, to make the changes in living habits that one has thought about for a long time, says Fredrik Söder, founder and CEO of Health Integrator.
A number of partners, financiers and service providers are included in the initiative. Part of the development and testing has been carried out with funding from EIT Health (European Institute for Innovation & Technology), and under the leadership of RISE (Research Institute of Sweden) where Karolinska Institutet and GIH (Gymnastics and Sports University), among others, have been involved.
Health Integrator has developed the Health Platform in collaboration with health providers such as Friskis & Svettis, Midnight Race, Apoteket and ICA Klassikern.
* Bonn et al. BMC Public Health (2019) 19: 273 https://doi.org/10.1186/s12889-019-6595-6
> More about Health Integrator: www.healthintegrator.eu