Smart Meter today announced its iGlucose Challenge to healthcare payors and providers in the U.S. to improve care costs for people with diabetes.

Tampa, Florida-based Smart Meter aims to reduce the cost of care and lower A1C for people managing diabetes. The company, which provides remote patient monitoring solutions, offers this as a no-risk, performance-based program. The company said it issued the challenge to companies who pay and care for persons with diabetes.

It features no upfront costs for the first three payors and providers that agree to participate. Enrolled patients or members owe no fees, Smart Meter said. The challenge merges blood glucose monitoring with active coaching and education to help patients manage their care. If patients lower A1C after a four-month period, the payor of a participating healthcare provider organization for each successful patient or member pays the performance fee.

Smart Meter said its goal with this challenge is to reduce the total cost of care for payors and providers. The company wants to reduce A1C levels and help people with diabetes better manage their disease.

“One of our primary responsibilities as the leading supplier of healthcare data and technology to the RPM industry is developing innovative approaches that help our nationwide network of customers expand care to a broader set of patients,” said Casey Pittock, CEO of Smart Meter. “The iGlucose Challenge is a new care model we developed to encourage payors and providers to expand services to patients who are not properly managing their diabetes or have been unable to do so due to economic factors.”