October 30, 2024 Newswires

Found’s Evidence-Based Weight Care Now Covered by Major U.S. Health Plans, Reaching Over 100 Million Lives

Business Wire

Expansion of in-network care for Found marks a significant milestone, establishing new benchmarks for affordable, equitable, and effective weight care while ensuring vital continuity of care.

AUSTIN, Texas--(BUSINESS WIRE)--
Found, the pioneering telehealth platform for weight care, today announced a milestone expansion of its insurance coverage for care, now covering more than 100 million lives across the United States. Found is the first weight care company to offer this breadth of coverage for consumers, providing widespread, affordable access to evidence-based weight care, marking a pivotal moment in the company’s mission to make evidence-based weight care available for all.

"At Found, we’re revolutionizing the weight care landscape by making high-quality, affordable treatment available to more Americans. We believe effective weight care should not be a luxury afforded to the few, but a right for everyone," said Found CEO Luca Ranaldi. "By working within the existing health care system, we’re not just offering a service–we’re addressing critical health equity disparities and proving that effective weight care can be more accessible and cost-effective. Ultimately, Found is out to prove that preventative metabolic care can dramatically reduce the economic burden of obesity on the entire health care system.”

Found’s commitment to working within rather than around the health care system is evident in its expansive network of insurance partners, with providers in-network at top payors including Aetna, Anthem Blue Cross Blue Shield, Cigna, UnitedHealthcare, and many more. Members of Found can choose to pay in a way that suits their needs, whether that’s through their insurance, their employer, or direct cash-pay. This approach stands in stark contrast to competitors who limit themselves to cash-pay models, potentially exacerbating health care disparities.

"Our insurance expansion is a testament to Found's dedication to providing the most cost-effective, high-value weight care in the industry," said Found Chief Medical Officer Rekha Kumar, MD, MS, former Medical Director of the American Board of Obesity Medicine. "By working with major insurers, we're not only making our services more affordable but also ensuring that patients can obtain consistent, long-term support—a critical factor for many when it comes to achieving sustainable results."

Recent studies¹ indicate that a significant number of patients discontinue seeking weight care within the first few months, often due to the barrier of high costs of medication or care. Found's innovative approach to insurance integration and offering a wide formulary of medications directly addresses this issue by offering an unparalleled combination of affordability and accessibility through its user-friendly telehealth platform. This represents a crucial step in ensuring that clinically eligible patients can access and maintain high-quality, comprehensive weight care, without financial barriers forcing them to stop before they should. Found's holistic approach, which includes personalized plans, behavioral support, and, where appropriate, medication management, allows patients to receive consistent care that leads to sustainable results.

Found’s commitment to providing care covered by insurance further underscores the company’s position that preventative weight care is health care. By providing personalized support, Found enables health care providers to treat a myriad of co-existing conditions, addressing a range of rising health crises affecting Americans today. Expanding insurance coverage for weight care enhances long-term outcomes for patients by easing the financial burden on the health care system.

Found's expanded in-network status with additional insurance providers allows its members to benefit from lower out-of-pocket health care costs and insurance coverage for eligible medications.

Since launching in 2019, Found has served more than 250,000 patients across the United States, offering medication-assisted weight care designed by leading obesity specialists. This latest expansion not only supports the company's mission to transform weight care, but also solidifies Found’s position as the most cost-effective option on the market.

About Found

Found is a physician-designed weight care program transforming the way society treats and manages weight. Found provides its members with judgment-free, evidence-based, and personalized weight loss plans that combine medication and behavior change to drive lasting, sustainable results, while reducing the cost of care for consumers, employers, and payers. Found has been named a best weight loss program by Forbes and USA Today, and is a member of the Strategies to Overcome and Prevent (STOP) Obesity Alliance. For more information, visit www.joinfound.com.

¹https://www.bcbs.com/sites/default/files/BHI_Issue_Brief_GLP1_Trends.pdf