Pear Therapeutics, Inc. announced an agreement with COEUS HealthCare, LLC (“COEUS”)to utilize its outcomes and evidence-based reimbursement adjudication platform, COEBRA to help enable value-based contracting. As Pear continues to engage in clinical and contractual conversations with state Medicaid programs, its agreement with COEUS makes it easier for individual states to engage in value-based contracting to access Pear's PDTs. Pear's commercial products, reSET and reSET-O, are among a limited number of products initially included in the solution and are the only PDTs on the platform.

For several years, Centers for Medicare & Medicaid Services (CMS), has advocated for states to contract with drug and device manufacturers on a metric other than price by linking the cost of the drug/device to the value or outcome it provides. The agreement between COEUS and Pear could help unlock the potential value that Pear's PDTs can deliver. Hosting PDTs on the COEUS COEBRATM Platform is intended to provide scalability for Pear across multiple channels including Medicaid, Commercial and other government payers.

As part of the agreement, COEUS will provide Pear a turnkey value-based solution that will be made available to most state Medicaid programs. The COEUS COEBRATM Platform will provide a composite view of the real-world therapeutic impact to both the payer and Pear by analyzing metrics from claims data and electronic medical records. The demonstration of total therapeutic impact on a patient's illness and the resulting system savings are critical to addressing the needs of unique state Medicaid populations.