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Somatus

somatus.com

Founded Year

2016

Stage

Series E | Alive

Total Raised

$465M

Valuation

$0000 

Last Raised

$325M | 9 mos ago

Mosaic Score
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

+30 points in the past 30 days

About 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.

Headquarters Location

1861 International Drive Suite 600

McLean, Virginia, 22102,

United States

571-992-0600

ESPs containing Somatus

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Healthcare / Healthcare Providers Tech

These companies are focused on providing IV therapies and dialysis care at home as opposed to in the office or at an infusion center.

Somatus named as Leader among 8 other companies, including Cricket Health, Monogram Health, and U.S. Renal Care.

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Somatus's Products & Differentiators

    RenalIQ® Technology

    Suite of proprietary analytics & applications to identify, engage & manage CKD/ESKD populations

Expert Collections containing Somatus

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

Somatus is included in 4 Expert Collections, including Unicorns- Billion Dollar Startups.

U

Unicorns- Billion Dollar Startups

1,201 items

V

Value-Based Care & Population Health

884 items

The VBC & Population Health collection includes companies that enable and deliver care models that address the health needs for defining populations along the continuum of care, including in the community setting, through participation, engagement, and targeted interventions.

D

Digital Health 150

300 items

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

D

Digital Health

13,355 items

Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)

Latest Somatus News

09:00 ET Somatus Achieves Certification from Validation Institute for Decreasing Cost for Medicare Patients with Improved Patien...

Nov 16, 2022

News provided by Share this article Somatus is First Kidney Care Company to Achieve Certified Savings by Validation Institute MCLEAN, Va., Nov. 16, 2022 /PRNewswire/ -- Somatus, the nation's leading and largest value-based kidney care company, has received a 2022 Validation Program Report certifying its claim that Medicare members with kidney disease who improve their Patient Activation Measure (PAM) score decrease their per member per month medical costs. Somatus is the first and only kidney care company to achieve this status from Validation Institute. "Improving health outcomes is contingent upon a number of factors, most notably a patient's willingness and engagement in their healthcare journey," said Jennifer Baldwin, RN, and Somatus' Senior Vice President of Member Engagement. "By positioning our care teams in the communities where our patients live, we get a true sightline to their situation, can perform an accurate PAM assessment, and build relationships focused on health education and empowerment. This approach is not only improving patient health outcomes, it's resulting in fewer hospitalizations and greater healthcare cost savings." Validation Institute's team of statisticians and epidemiologists rigorously examines claims by innovative health care companies and issues Validated Program Reports to companies whose claims are found to be accurate. Validation Institute assessed the savings in total medical cost reduction of Medicare members who are Somatus patients and had increased their PAM measure by 1 or 2 levels up to 6 months after initial assessment. Validation Institute found Somatus' claim to be accurate and extended a credibility guarantee to the brand, the first such cost savings validation for a kidney care company. "This validation confirms that patient-first care is not only the right thing to do, but also benefits every stakeholder in the healthcare continuum including health plans and systems," said Dr. Joe Kimura, Somatus' Chief Medical Officer. "We deeply appreciate Validation Institute's affirmation that Somatus' clinical care model results in higher value care with reduced healthcare costs and better quality of care provided to patients living with chronic kidney disease." About Somatus Somatus partners with nephrology and primary care groups, leading health plans, and health systems to provide integrated care for patients with, or at risk of developing, kidney disease. As the market leader in value-based kidney care, Somatus' vertically integrated clinical services and technologies delay or prevent disease progression, improve quality and care coordination, and increase the use of home dialysis modalities and rates of kidney transplantation. The company is headquartered in McLean, Virginia and founded by a team of world-class healthcare operators, successful entrepreneurs, and leading clinicians treating kidney disease. For more information, please visit www.somatus.com. About Validation Institute Validation Institute is dedicated to providing unbiased, data-driven insights on health care solutions and services by validating performance claims made by solutions providers and educating purchasers to drive transparency in the marketplace and maximize cost-savings. Somatus Contact:

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Somatus Frequently Asked Questions (FAQ)

  • When was Somatus founded?

    Somatus was founded in 2016.

  • Where is Somatus's headquarters?

    Somatus's headquarters is located at 1861 International Drive, McLean.

  • What is Somatus's latest funding round?

    Somatus's latest funding round is Series E.

  • How much did Somatus raise?

    Somatus raised a total of $465M.

  • Who are the investors of Somatus?

    Investors of Somatus include Flare Capital Partners, The Blue Venture Fund, Inova Health Systems, Deerfield Management, Anthem and 11 more.

  • Who are Somatus's competitors?

    Competitors of Somatus include Cricket Health and 3 more.

  • What products does Somatus offer?

    Somatus's products include RenalIQ® Technology and 3 more.

  • Who are Somatus's customers?

    Customers of Somatus include BlueCross BlueShield of TN.

Compare Somatus to Competitors

IKONA Health Logo
IKONA Health

IKONA offers a smarter way for kidney care providers to deliver effective and measurable learning experiences to their patients and staff. Its platform uses learning science and storytelling to address education and training challenges, dramatically improve patient understanding and ensure smarter, confident treatment decisions.

Healium Digital Healthcare Logo
Healium Digital Healthcare

Healium Digital Healthcare is a healthcare AI company focused on early detection and management of high burden diseases like chronic kidney disease through non-invasive digital biomarkers.

Renaltracker Logo
Renaltracker

RenalTracker is a web/mobile behaviour-changing platform for Chronic Kidney Disease (CKD) empowering patients through personalised, coach-guided wellness in-between doctor's visits.

Strive Health Logo
Strive Health

Strive Health delivers a kidney care service line for health systems and payors, powered by specialized analytics and Nephrology caregivers. The company was founded in 2018 and is based in Denver, Colorado.

M
Monogram Health

Monogram Health has developed an artificial intelligence algorithm to predict necessary and timely care to promote the delay of Kidney Disease progression, and an easy transition to dialysis and/or pre-emptive kidney transplant, as well as to optimize patient health outcomes once on dialysis.

Cricket Health Logo
Cricket Health

Cricket Health provides comprehensive kidney care with a personalized, evidence-based approach to managing chronic kidney disease (CKD) and end-stage renal disease (ESRD). Through a combination of software and services, the company 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 Fresenius Health Partners and InterWell Health to create Transforming Kidney Care.

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