STOCK TITAN

Somatus and UnitedHealthcare Expand Value-Based Kidney Care Agreement to Five New States

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
Rhea-AI Summary

Somatus and UnitedHealthcare have expanded their value-based kidney care partnership to include services for members in Connecticut, Illinois, Massachusetts, New Jersey, and Rhode Island. This partnership increases the reach to over 160,000 program members across 36 states, enhancing care for those with chronic and end-stage kidney disease. The initiative aims to lower medical costs and improve care quality through individualized management programs and community-based care teams, ultimately enhancing patient health outcomes.

Positive
  • Expansion of partnership increases service reach to over 160,000 members.
  • Enhances geographic footprint to 36 states, including D.C.
  • Demonstrated ability to improve care quality and reduce medical costs.
Negative
  • None.

Partnership accelerates Somatus' strategic objectives for outcomes-based, in-home offering while extending its differentiated value-based kidney care model across Connecticut, Illinois, Massachusetts, New Jersey, and Rhode Island.

MCLEAN, Va., Feb. 22, 2023 /PRNewswire/ -- Somatus, the nation's leading and largest value-based kidney care company, and UnitedHealthcare (NYSE: UNH) today announced the expansion of their long-standing and successful value-based partnership to now include providing high-touch kidney care services to thousands of new members throughout Connecticut, Illinois, Massachusetts, New Jersey, and Rhode Island who have chronic kidney disease or end-stage kidney disease.

Somatus' partnership with UnitedHealthcare expands the company's geographic footprint to 36 states, including D.C., and increases the number of program members to more than 160,000 under management in 2023. Somatus' impressive growth across all industry stakeholders reflects its demonstrated ability to improve the quality of care and lower unnecessary medical costs.

"We are excited to expand our partnership with UnitedHealthcare, and to offer our outcomes-based medical management program to more UnitedHealthcare members living with kidney disease," said Dr. Ikenna Okezie, Chief Executive Officer and Co-Founder of Somatus. "This expanded agreement is an incredible opportunity to carry out our mission of creating an individualized approach to treating kidney disease that integrates care and allows people to live the healthier lives they deserve."

"What I'm most proud of, since starting the program with Somatus, my overall health is better, which means that I'm more a part of my family now," said Richard B., a Somatus-attributed member. "If someone asked me why I should take part in this program, I would tell them Somatus is there to encourage you to make your health a priority. You want people like that on your side."

Somatus' value-based kidney care model focuses on improving care outcomes, experience, and access for patients while facilitating continuity of care across settings. The model includes patient-centric programs that reach patients where they live to keep them healthy at home. These programs are supported by community-based care teams which act as an extension of a physician's practice to help close care gaps, enhance disease management, improve clinical outcomes, reduce avoidable hospitalizations, and lower total cost of care.

About UnitedHealthcare

UnitedHealthcare is the health benefits business of UnitedHealth Group, a health care and well-being company working to help build a modern, high-performing health system through improved access, affordability, outcomes, and experiences. UnitedHealth Group also includes Optum, a business that delivers care aided by technology and data, empowering people, partners and providers with the guidance and tools they need to achieve better health. For more information, please visit www.uhc.com.

About Somatus

Somatus is the nation's leading and largest value-based kidney care company. 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 technology 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 was 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.

Somatus Contact
Juston Reeder
VP, Marketing and Communications
media@somatus.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/somatus-and-unitedhealthcare-expand-value-based-kidney-care-agreement-to-five-new-states-301752516.html

SOURCE Somatus

FAQ

What is the recent partnership announced by UnitedHealthcare (UNH) and Somatus?

UnitedHealthcare and Somatus have expanded their partnership to provide kidney care services to new members in five states.

How many members are now served under the UnitedHealthcare and Somatus partnership?

The partnership now serves over 160,000 members across 36 states.

What states are included in the recent expansion of UnitedHealthcare's kidney care services?

The states included are Connecticut, Illinois, Massachusetts, New Jersey, and Rhode Island.

What is the main goal of the UnitedHealthcare and Somatus partnership?

The main goal is to improve kidney care outcomes and reduce unnecessary medical costs for patients.

When was the partnership expansion between Somatus and UnitedHealthcare announced?

The partnership expansion was announced on February 22, 2023.

UNITEDHEALTH GROUP INCORPORATED (Delaware)

NYSE:UNH

UNH Rankings

UNH Latest News

UNH Stock Data

462.85B
917.64M
0.23%
90.17%
0.88%
Healthcare Plans
Hospital & Medical Service Plans
Link
United States of America
MINNETONKA