What kind of company is Somatus?
healthcare company
Somatus is a healthcare company that partners with health plans, health systems, and nephrology, and primary care groups.
Where is Somatus located?
Overview Suggest Edit
| Type | Private | |
|---|---|---|
| Founded | 2016 | |
| HQ | McLean, VA, US | Map |
| Website | somatus.com | |
| Employee Ratings | 3.9 | More |
Who owns Somatus?
Dr. Ikenna Okezie
Somatus, a value-based kidney care company offering holistic care to ESKD patients, was founded in 2016 by Dr. Ikenna Okezie, a physician entrepreneur and Aspen Health Innovator Fellow with a Harvard MBA.
What is value-based kidney care?
Value-Based Healthcare (VBHC) focuses on optimising the relationship between patient outcomes and the cost of treatment, thus bringing value to patients and payers in an efficient manner.
How does DaVita make money?
More patients with private insurance means DaVita and Fresenius can bill much higher prices for their dialysis services — and pad their own bottom lines. According to Wood, for every dollar DaVita or Fresenius donates to the American Kidney Fund, they get roughly $3.50 in return from private insurers.
How are nephrologists paid?
How do Nephrologists get paid? Nephrologists are paid through insurance, at around 85%, however fee-for-service covers also around 44%. However for a cash only practice, that makes up only 1% of nephrologists in the USA.
What is value based reimbursement healthcare?
Value-based care reimburses healthcare providers based on the quality of care they provide, rather than providing payment for each test or procedure. Value-based care incentivizes the quality of patient care over quantity, outcome-based reimbursement is the goal, benefiting both the patient and the provider.
Is DaVita the largest dialysis company?
In 2019, Fresenius Medical Center North America had over 208 thousand dialysis patients, the most of any dialysis provider in the United States. DaVita Kidney Care followed with 204 thousand patients on dialysis. These two dialysis providers had by far the largest number of patients in the United States.
Is DaVita a buy?
DaVita Inc (NYSE:DVA) is not the most popular stock in this group but hedge fund interest is still above average. Our overall hedge fund sentiment score for DVA is 77.7. These stocks gained 19.3% in 2021 through June 25th and still beat the market by 4.8 percentage points.
Where is the somatus headquarters in McLean VA?
Somatus Headquarters. 1861 International Drive Suite 600 McLean, VA 22102 +1 571 992 0600 [email protected]
Why is the work of somatus so important?
“The work we do at Somatus matters to patients because it ensures no one slips through the cracks.” “…We have spent decades and hundreds of billions of dollars on an antiquated care system. Somatus aims to change all of this one patient at a time, one population at a time, and one innovation at a time…”
What is the vision of somatus kidney care?
Somatus has a vision of revolutionizing kidney care. They are, in no small part, disrupting the broader healthcare industry. I wanted to be part of that revolution and am very excited to be here to help further the disruption.
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