Somatus
Founded Year
2016Stage
Series E | AliveTotal Raised
$465MValuation
$0000Last Raised
$325M | 3 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-57 points in the past 30 days
About Somatus
Somatus focuses on value-based kidney care. The company offers integrated care services for patients with or at risk of developing kidney disease, utilizing technology and clinical services to delay or prevent disease progression, decrease hospital utilization, improve quality and care coordination, and increase the use of home dialysis modalities and kidney transplantation rates. Somatus primarily serves the healthcare sector, partnering with health plans, health systems, nephrology, and primary care groups. It was founded in 2016 and is based in McLean, Virginia.
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Somatus's Products & Differentiators
RenalIQ® Technology
Suite of proprietary analytics & applications to identify, engage & manage CKD/ESKD populations
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Research containing Somatus
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Somatus in 2 CB Insights research briefs, most recently on Dec 7, 2022.
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.
Unicorns- Billion Dollar Startups
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Value-Based Care & Population Health
891 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.
Digital Health 50
300 items
The winners of the second annual CB Insights Digital Health 150.
Digital Health
11,072 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.
Latest Somatus News
Aug 6, 2024
News provided by Share this article Share toX MCLEAN, Va., Aug. 6, 2024 /PRNewswire/ -- Somatus, the nation's largest and leading provider of value-based kidney care, today announced it has been awarded the National Committee for Quality Assurance's (NCQA) Health Equity Accreditation. Somatus is the first value-based kidney care and chronic condition management provider to receive this distinction. Somatus' high-touch, in-home care delivery model for patients with chronic kidney disease (CKD), end-stage kidney disease (ESKD), congestive heart failure (CHF) and their related comorbid conditions has become the national standard, serving more than 180,000 patients nationwide in 2024. Achieving NCQA Accreditation for Health Equity substantiates equality across Somatus' workforce, governing body, leadership, and—most importantly—Somatus' commitment to reduce health disparities and work to achieve equality in access to care, treatment modalities, and outcomes for the members Somatus serves. "Our goal for Somatus has always been to offer a scalable solution that focuses on delaying kidney disease progression, keeping people as healthy as possible, and bringing justice in outcomes to individuals and communities affected by health inequities," said Dr. Ikenna Okezie, Chief Executive Officer and Co-Founder of Somatus. "Receiving the NCQA Health Equity Accreditation is validation we are achieving those goals and are making a significant impact to improve equity, access, and outcomes for the patients we are privileged to serve." One way Somatus' significant impact can be seen is in the efforts they are achieving to reduce inequities in kidney care for their Black program participants*, including: 63% higher access to nephrology care 95% higher home dialysis start 4.1x higher adoption of disease-delaying medications 3.4x higher pre-emptive kidney transplant waitlist rates *All percentages are relative to national averages for Black Americans USRDS 2023. The Health Equity Accreditation achieved by Somatus focuses on the foundation of health equity work: building an internal culture that supports the organization's external commitment to reducing health disparities; collecting data that helps the organization foster diversity to align with its membership and offering language services and provider networks mindful of individuals' cultural and linguistic needs; identifying opportunities to reduce health inequities and improve health outcomes across groups that historically do not have equal access to health care. "Kidney care has been marked by longstanding disparities in outcomes for patients. Promoting health equity is core to the work that we do," said Dr. Joe Kimura, Somatus' Chief Medical Officer. "Our clinical model is designed to focus on patient-centered, whole-person care, and our care teams work daily to address disparities in outcomes and promote health equity for our patients." Somatus received the NCQA Health Equity Accreditation following an extensive review of its policies, work processes, health equity and diversity data collection and trending methodologies, workforce education and preparedness training. About Somatus Somatus partners with nephrology, cardiology, and primary care groups, leading health plans, and health systems to provide integrated care for patients with, or at risk of developing, kidney and heart disease. As the market leader in value-based kidney care, Somatus' fully integrated clinical services and AI-driven technologies delay or prevent disease progression, improve quality and care coordination, and increase the use of home dialysis modalities and rates of kidney transplantation. In 2024, Somatus expanded its program to contract for individuals with congestive heart failure. The company is headquartered in McLean, Virginia and founded by a team of world-class healthcare operators, successful entrepreneurs, and leading clinicians. For more information, please visit www.somatus.com . Somatus Contact About NCQA NCQA is a private, nonprofit organization dedicated to improving health care quality. NCQA accredits and certifies a wide range of health care organizations. It also recognizes clinicians and practices in key areas of performance. NCQA's Healthcare Effectiveness Data and Information Set (HEDIS®) is the most widely used performance measurement tool in health care. In recognition for its leadership in diversity, equity and inclusion, NCQA has won the Excellence in Diversity Award from the Chesapeake Human Resources Association. NCQA's website ( ncqa.org ) contains information to help consumers, employers and others make more-informed health care choices. NCQA can be found online at ncqa.org , on Twitter @ncqa , and on LinkedIn at linkedin.com/company/ncqa . SOURCE Somatus
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 The Blue Venture Fund, Flare Capital Partners, Inova Health Systems, Optum Ventures, Longitude Capital and 11 more.
Who are Somatus's competitors?
Competitors of Somatus include Carenostics and 4 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.
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Compare Somatus to Competitors
Strive Health focuses on kidney care and operates within the healthcare sector. The company offers a range of services including management of chronic kidney disease and end-stage renal disease, dialysis, and support for kidney transplants, utilizing a combination of high-touch care teams and advanced technology to improve patient outcomes and reduce costs. It was founded in 2018 and is based in Denver, Colorado.
IKONA Health operates as a learning science company operating in the healthcare industry, with a specific focus on kidney care. The company offers a science-based, delivery-focused learning platform designed to enhance learning at every stage of kidney care, providing personalized education tools for patients, providers, and organizations. IKONA Health primarily serves the healthcare industry. It is based in New York, New York.
RenalTracker is a health-focused company that specializes in providing support and resources for individuals with chronic kidney disease (CKD). The company offers a digitally-delivered lifestyle change program, including educational content, renal diet tips, and personalized coaching to help patients manage their condition and potentially delay the need for dialysis. RenalTracker primarily serves individuals diagnosed with CKD seeking to improve their quality of life through diet and lifestyle adjustments. It was founded in 2016 and is based in Netherlands.
U.S. Renal Care operates as a healthcare company. It focuses on providing dialysis services for individuals with chronic and acute renal disease. It offers a range of services including in-center hemodialysis, home therapies, and support for living with kidney disease. It primarily serves the healthcare sector, particularly patients with end-stage renal disease. The company was founded in 2000 and is based in Plano, Texas.
Dialyze Direct operates as a healthcare company. It is focused on providing dialysis services for the geriatric community. The company offers staff-assisted home hemodialysis services, utilizing innovative and compassionate approaches to enhance the quality of life for elderly patients with End Stage Renal Disease (ESRD). Its services are primarily offered to patients residing in skilled nursing facilities. It was founded in 2015 and is based in Neptune, New Jersey.
Atlantic Dialysis Management Services specializes in the development and management of dialysis centers and the provision of dialysis services, operating within the healthcare sector. The company offers comprehensive management services for dialysis facilities, including patient care, education, and support for various dialysis treatment options such as in-center and home dialysis, as well as kidney transplantation services. It is based in College Point, New York.
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