Search company, investor...

Founded Year

2019

Stage

Series C | Alive

Total Raised

$555.15M

Last Raised

$375M | 9 mos ago

About Monogram Health

Monogram Health operates as a provider of in-home care and benefit management services for patients living with polychronic conditions. It develops an artificial intelligence algorithm to help predict necessary and timely care to promote the delay of kidney disease progression, and transition to dialysis and/or pre-emptive kidney transplant, as well as to help optimize patient health outcomes once on dialysis. The company was founded in 2019 and is based in Brentwood, Tennessee.

Headquarters Location

5410 Maryland Way Suite 301

Brentwood, Tennessee, 37027,

United States

615-619-1070

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
Join a demo
Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo
You're one click away from the most comprehensive, unmatched analyst expertise in tech, in-depth private company data and a platform that brings it all together.
Click Now. Join a live demo
Join a demo

Expert Collections containing Monogram Health

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Monogram Health is included in 4 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

10,944 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

D

Digital Health

10,563 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

T

Telehealth

2,856 items

Companies developing, offering, or using electronic and telecommunication technologies to facilitate the delivery of health & wellness services from a distance. *Columns updated as regularly as possible; priority given to companies with the most and/or most recent funding.

D

Digital Health 150

150 items

The winners of the third annual CB Insights Digital Health 150.

Latest Monogram Health News

For now, nephrology groups still on training wheels with value-based care

Jul 17, 2023

ADD TOPIC TO EMAIL ALERTS Receive an email when new articles are posted on Please provide your email address to receive an email when new articles are posted on . Please try again later. If you continue to have this issue please contact customerservice@slackinc.com . Back to Healio In the Center for Medicare and Medicaid Innovation Kidney Care Choices model, nephrology groups do most of the clinical work and take little to no financial risk, placing them at the bottom of the distribution of shared savings. Though nephrologists may benefit from the Center for Medicare and Medicaid Innovation Kidney Care Choices (CMMI-KCC) model’s new quarterly capitated payment (QCP) for patients with stage 4 and stage 5 chronic kidney disease, reimbursement depends on how often patients are seen; nephrologists still must bill for patient services under the evaluation and management codes. Gary L. Cellini With renewals due, nephrologists and their specialty accountable care organization enablers (value-based care companies such as Strive Health, Somatus, Evergreen Nephrology, Interwell Health, Monogram Health and others) will have to decide whether to continue with the demonstration in payment year 2024. Opportunities What can the renal community learn from the CMMI-KCC models? Some of the primary issues the following: Will nephology groups and specialty ACO enablers be successful in reducing the total cost of care during the 5 years of the demonstration? Will CMS realize budget neutrality from the demonstration and reach quality improvement goals? The results of previous CKD and end-stage renal disease demonstrations by CMS, including the ESRD Managed Care (1998-2001), ESRD Disease Management (2006-2010), Care Management for High-Cost CKD Beneficiaries (2006-2011) and the ESRD Seamless Care Organizations (2015-2020), showed improved quality of care and higher beneficiary satisfaction. However, from a budget neutrality perspective, the demonstrations did not save Medicare money. Enter Alex M. Azar II, the secretary of HHS during the Trump administration. In March 2019, at the National Kidney Foundation Annual Patient Summit, Azar gave a talk focused on the need to slow progression of CKD, increase the use of home dialysis and transplantation, and push forward on innovation. The result of that discussion was development of the CMMI-KCC models. The focus changed from payers (managed care) and dialysis companies (disease management) to nephrologists. As Azar intended, CKD stage 4 and 5 are included in the KCC model, saying at the NKF meeting that the focus on CKD was “... so we can help Americans escape the burdens of dialysis altogether.” Financial risk In August 2019, CMMI asked nephrology groups to participate in the KCC model and take on financial risk. There are models in the CMMI KCC such as the Kidney Care First (KCF) and the Comprehensive Kidney Care Contracting (CKCC) graduated option with lower risks. But if nephrologists want to take part in value-based care, they will need to participate in the CKCC Professional (50% risk for nephrologists/50% risk with CMMI) or the CKCC Global (accept 100% risk) options. Generally, nephrology groups do not have a lot of reserved capital for investments. To participate in the KCC models, groups needed someone to take the downside financial risk and provide the necessary investments to be successful. The new specialty ACO enablers, backed by private equity, stepped in to provide the funding. For the most part, these companies did not exist prior to 2019. Nephrologists appreciated the importance of taking the lead but not of the accompanying financial risk. In 2021, as part of CMMI’s Strategic Refresh, CMS set the goal of having 100% of original Medicare beneficiaries and most Medicaid beneficiaries to be in ACO relationships by 2030. But there are complications for nephrologists participating in accountable care, including assumption of the downside financial risk; absorbing the operating expenses of improved care management; investing in information systems and analytics to facilitate timely interventions; completing actuarial analysis to track the results; compliance programs; financial guarantees in case of losses and creating nonthreatening relationships with primary care providers. Specialty ACO enablers have offered assistance, but at what cost and are these the right partners? Distribution waterfall When defining shared savings between payer and provider, financial analysts use the term “distribution waterfall.” The calculation prioritizes the distribution of cash flow from savings between the payer (Medicare) and care providers (nephrologists). If you start at the top of the waterfall with Medicare, the per beneficiary per month (PBPM) savings was $112 to $182 for the first wave dialysis participants in the ESRD Seamless Care Organization and $34 to $52 for the second wave during the course of 5 years. In addition, CMMI Global CKCC has a 3% benchmark discount on beneficiaries with end-stage kidney disease in payment year 2022 and 2023. That discount increases to 4% in 2024, 5% in 2025, and 6% in 2026, or $273 to $545 PBPM of the ESRD benchmark. There is also a quality withhold of up to 5% ($0-$254 PBPM) of the total benchmark based on how nephrologists perform on National Quality Forum (NQF) quality measures, including depression (NQF practice guideline #1885), optimal starts (NQF #2594) and a patient activation measure. Based on these PBPMs, it might be difficult to realize savings in treating ESKD. Most of the savings will probably come from treating patients with CKD and attaining the quality measures. Moving down the waterfall, the next in line are the specialty ACO enablers. These have taken most if not all the downside financial risk and the cost of administrative and care management services. The ACO enablers take a negotiated percentage of the shared savings for administration and a PBPM fee for care management services. Nephrologist’s share The remaining savings are divided on a percentage basis among the nephrology participants and their ACO enablers. Aggregation complicates this equation. If a CKCC does not meet the threshold beneficiary numbers, it must aggregate with another CKCC. Aggregation affects the shared savings waterfall at the Medicare level. Fund distribution to each CKCC is based on the ratio of beneficiaries’ months in each CKCC to the total beneficiaries. So, if one CKCC has losses and the other has savings, the CKCC with losses benefits, especially if its beneficiaries’ months are higher. The result could be that nephrologists receive a modest increase from the QCP and a small amount from the shared savings. Medicare Advantage Going into payment year 2030, CMS wants to see fee-for-service payments sunset in lieu of Medicare Advantage and Medicare ACOs. With the 21st Century Cures Act opening Medicare Advantage enrollment for beneficiaries with ESKD disease, and the rich supplemental benefits offered, Medicare Advantage plans will dominate in the future. Alongside these Medicare Advantage plans, original Medicare and its related ACOs will continue to exist to a lesser degree. By 2027, nephrology groups should have the experience and confidence to take on financial risk without ACO enablers and be able to move up the waterfall. Notwithstanding antitrust issues, nephrology practices will continue to consolidate management services. Some practices will integrate with multispecialty clinically integrated networks or with primary care ACOs through contracted, managed or ownership by large payer organizations. As training wheels are discarded, nephrology groups that participate in value-based care can anticipate a brighter future for their patients and themselves. References: Comprehensive End-Stage Renal Disease Care (CEC) Model Fifth Annual Evaluation Report. The Lewin Group Inc., 2022. https://innovation.cms.gov/innovation-models/comprehensive-esrd-care . End-Stage Renal Disease: Disease Management Demonstration Evaluation Report: Findings from 2006-2008, the First Three Years of a Five-Year Demonstration. Arbor Research Collaborative for Health. https://innovation.cms.gov/medicare-demonstrations/esrd-disease-management-demonstration . End-Stage Renal Disease Managed Care Demonstration, Completed Demos & Evaluation Reports. Year 2002. https://innovation.cms.gov/medicare-demonstrations/end-stage-renal-disease-managed-care-demonstration . Evaluation of Medicare Care Management for High-Cost Beneficiaries (CMHCB) Demonstration: Village Health’s Key to Better Health (KTBH). RTI International, 2005. https://innovation.cms.gov/medicare-demonstrations/care-management-for-high-cost-beneficiaries-demonstration . Innovation Center Home Strategic Direction Refresh, Updated Nov. 7, 2022. https://innovation.cms.gov/strategic-direction-whitepaper . Kidney Care Choices (KCC) Model. https://innovation.cms.gov/innovation-models/kidney-care-choices-kcc-model . National Kidney Foundation Kidney Patient Summit; March 4, 2019. https://voices.kidney.org/kidney-patient-summit/ . Nguyen KH, et al. JAMA. 2023;doi:10.1001/jama.2023.1426. For more information: Gary L. Cellini, PharmD, MBA, is a health care management consultant with expertise in renal disease and alternative payment models. He can be reached at glcellini@gmail.com . Read more about

Monogram Health Frequently Asked Questions (FAQ)

  • When was Monogram Health founded?

    Monogram Health was founded in 2019.

  • Where is Monogram Health's headquarters?

    Monogram Health's headquarters is located at 5410 Maryland Way, Brentwood.

  • What is Monogram Health's latest funding round?

    Monogram Health's latest funding round is Series C.

  • How much did Monogram Health raise?

    Monogram Health raised a total of $555.15M.

  • Who are the investors of Monogram Health?

    Investors of Monogram Health include Norwest Venture Partners, Frist Cressey Ventures, SCAN Health Plan, TPG Capital, Heritage Group and 8 more.

  • Who are Monogram Health's competitors?

    Competitors of Monogram Health include Carenostics and 2 more.

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
See how. Join a demo.
Join a demo
Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo

Compare Monogram Health to Competitors

Strive Health Logo
Strive Health

Strive Health provides a range of medical services. It delivers kidney care service lines for health systems and payors powered by specialized analytics and nephrology caregivers. Strive Health was founded in 2018 and is based in Denver, Colorado.

S
Somatus

Somatus aims to delay or prevent the progression of chronic kidney disease (CKD) to ESRD, help eligible patients access home-based dialysis modalities which improve their outcomes, and maximize the number of patients who qualify for and receive kidney transplantation. Users can receive concierge kidney care in the comfort of your home. As a patient, they will have direct access to 24/7 medical attention. Somatus' team will be comprised of nurses, physicians, and other health professionals who can anticipate as well as address medical needs.

C
Carenostics

Carenostics provides an artificial intelligence and machine learning platform to address the underdiagnosis, undertreatment, and health inequities of chronic disease. It builds clinical decision support models to identify opportunities for earlier clinical intervention by applying machine learning to routine patient care data. It was founded in 2020 and is based in Berwyn, Pennsylvania.

ClosedLoop Logo
ClosedLoop

ClosedLoop operates as a healthcare data science platform. It enables providers, payers, and value-based care organizations to make accurate, explainable, and actionable predictions of individual-level health risks, improve outcomes, and reduce costs. It was formerly known as Deep Health Technologies. The company was founded in 2017 and is based in Austin, Texas.

Renaltracker Logo
Renaltracker

RenalTracker delivers a web/mobile behavior-changing platform to help dialysis patients. It helps to manage lifestyle and helps to recover from chronic kidney disease (CKD). It empowers patients through personalized, coach-guided wellness in-between doctor's visits. The company was founded in 2016 and is based in Nijmegen, Netherlands.

Cricket Health Logo
Cricket Health

Cricket Health provides kidney care with a personalized, evidence-based approach to managing chronic kidney disease (CKD) and end-stage renal disease (ESRD). It provides home dialysis to patients. The company was founded in 2015 and is based in San Francisco, California. In March 2022, Cricket Health merged with InterWell Health.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Join a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.