Featured Company News – UnitedHealthcare and Qualcomm Integrate Wearable Devices from Samsung and Garmin into Nationwide Wellness Program

LONDON, UK / ACCESSWIRE / November 21, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for UnitedHealth Group Inc. (NYSE: UNH) (“UnitedHealthcare”), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/?symbol=UNH. The Company announced on November 17, 2017, together with QUALCOMM Inc. (NASDAQ: QCOM), through its a wholly-owned subsidiary Qualcomm Life, that they have integrated wearable devices from Samsung Electronics America Inc. (“Samsung”) and Garmin International Inc. (“Garmin”) into the national wellness program UnitedHealthcare Motion™. For immediate access to our complimentary reports, including today’s coverage, register for free now at:

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Qualcomm Life will leverage UnitedHealthcare’s global connected health ecosystem and connectivity expertise to provide secure data transfer from the devices, to the Motion application and to UnitedHealthcare. This move is intended to make the UnitedHealthcare Motion program more flexible, convenient, and consumer friendly.

About UnitedHealthcare Motion

UnitedHealthcare Motion is a national wellness program, which offers its participants access to activity trackers and gives them an opportunity to earn over $1,000 per year by meeting certain daily walking goals.

Conditions for UnitedHealthcare Motion

The UnitedHealthcare Motion program is only available to employers who have self-funded and fully-insured health plans nationwide. This will give their employees an opportunity to earn around $4 per day in financial incentives based on achieving the Frequency, Intensity, and Tenacity (F.I.T.) goals, which are as follows:

Frequency – The target of completing 500 steps within seven minutes six times per day, at least an hour apart;
Intensity – The goal of walking 3,000 steps within 30 minutes; and
Tenacity – The target of completing a total of 10,000 steps each day.

Research suggests that people who consistently achieve the F.I.T. goals tend to improve their health and consequently reduce their medical expenses.

Program Progress

UnitedHealthcare Motion plan’s participants have collectively walked over 130 billion steps and earned more than $19 million in rewards since the commencement of the plan.
So far, around 66% of the eligible employees have registered their devices with the plan. Out of this, more than two-thirds have stayed active with the program for over one year.

How Will the Integration Help Users

The Qualcomm Life’s 2net™ platform has been integrated and validated with Samsung Gear Fit2 Pro and Gear Sport, and the Garmin vívosmart® 3. This would enable medical-grade connectivity with several safeguards to help keep data secure.
Plan participants who already own one of these devices would now be able to use them with the program.
As a result of the integration, plan participants would be able to access the integrated activity trackers at no additional charge or through upgrade options at preferred prices. These activity trackers are customized and help users track their performance against the program’s three daily F.I.T. goals.
Besides, the activity trackers are also available to people through a dedicated website, which offers device options, including previously available activity trackers from Fitbit and Striiv.

Sam Ho, M.D. and Chief Medical Officer of UnitedHealthcare, stated that these advancements in the UnitedHealthcare Motion would allow the program to provide enhanced digital health and wellness resources to more Companies and their employees. Moreover, the extension in the portfolio of available devices would make the program more personalized, connected, and intuitive.

James Mault, M.D., F.A.C.S., Senior Vice President and Chief Medical Officer of Qualcomm Life, shared that UnitedHealthcare Motion shows the value of combining UnitedHealthcare’s pro-consumer benefit designs with Qualcomm Life’s expertise in providing seamless connectivity across a growing ecosystem of wearable devices to help people pursue their health and wellness goals. He also shared that walking goes a long way in improving one’s well-being as well as medical costs.

Last Close Stock Review

At the closing bell, on Monday, November 20, 2017, UnitedHealth’s stock marginally rose0.17%, ending the trading session at $210.25. A total volume of 2.04 million shares have exchanged hands. The Company’s stock price skyrocketed 7.94% in the last three months, 19.99% in the past six months, and 40.68% in the previous twelve months. Moreover, the stock soared 31.37% since the start of the year. The stock is trading at a PE ratio of 23.89 and has a dividend yield of 1.43%. The stock currently has a market cap of $204.47 billion.

On Monday, November 20, 2017, the stock closed the trading session at $66.47, slightly slipping 0.37% from its previous closing price of $66.72. A total volume of 9.70 million shares have exchanged hands. Qualcomm’s stock price surged 27.78% in the last one month, 26.97% in the past three months, and 12.24% in the previous six months. The stock is trading at a PE ratio of 40.19 and has a dividend yield of 3.43%. At Monday’s closing price, the stock’s net capitalization stands at $97.98 billion.

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