Somatus Lands $64M to Expand Value-Based Kidney Care Model

What You Ought to Know:

– Somatus raises $64M in Collection C funding led by Longitudinal
Capital to gasoline the enlargement of its value-based kidney care mannequin.

– Somatus will use the funding to proceed to scale its
mannequin nationally and spend money on know-how and product growth to higher
help sufferers and well being plan companions.

Somatus, a McLean, VA-based supplier of value-based kidney care, at this time introduced it has accomplished a Collection C funding spherical of $64 million led by Longitude Capital and co-led by Optum Ventures and Deerfield Management Company, and included participation from current traders Blue Venture Fund, Flare Capital, and Town Hall Ventures. This funding spherical, mixed with prior funding, brings the Firm’s complete capital raised to over $105 million so far.

Reworking Worth-Based mostly Kidney Care

Of the 37 million Individuals with kidney illness, the huge
majority are unaware they’ve it. The illness typically amplifies the severity of
different situations, leaving sufferers and suppliers with restricted care choices and
assets. Based in 2016, Somatus companions with main well being plans, well being
techniques, and nephrology and first care teams to supply built-in take care of
sufferers with or susceptible to creating kidney illness. Somatus’ vertically
built-in scientific companies and know-how delay or stop illness
development, enhance high quality and care coordination, and improve the usage of
house dialysis modalities and charges of kidney transplantation.

Worth-Based mostly Kidney Care Mannequin

The Somatus’ value-based kidney care mannequin makes use of actionable
intelligence from its propriety RenalIQ® know-how platform to energy
field-based care group efforts and join main kidney care stakeholders.
A number of information units are used to foretell undiagnosed illness in addition to the
severity and velocity of illness development, utilization, and the chance
of an unplanned dialysis begin. A extremely specialised group of renal clinicians
and community-based group members use evidence-based care pathways and
customized outreach to develop affected person belief and develop a complete care plan
targeted on serving to members obtain higher kidney well being. The mannequin has seen
excessive ranges of engagement and adoption from sufferers and delivered vital
high quality and value outcomes for companions.

Nationwide Growth Plans

Somatus will use the funding to proceed to scale its mannequin nationally and spend money on know-how and product growth to higher help sufferers and well being plan companions. Over the course of the following yr, Somatus will proceed to broaden its nationwide footprint, launch new partnerships, add prime expertise to the prevailing 300-person group, and work with its payer and supplier prospects to deploy a full array of kidney care and dialysis supply options.

The corporate may also be releasing its patient-facing cellular app designed to assist sufferers monitor their kidney well being targets, join nearly with care group members, watch on-demand micro-learning modules, and monitor their transplant journey.

The completion of this financing marks one other main
milestone for Somatus. By way of new and expanded partnerships with main
well being plans, the Firm has skilled vital progress and now gives
complete and holistic kidney care companies to greater than 20,000 power
kidney illness and end-stage kidney illness sufferers throughout six states.

“Since our inception, we’ve got got down to do one factor: be the most effective supplier of built-in take care of these with or susceptible to creating kidney illness,” stated Somatus Co-Founder and CEO, Ikenna Okezie, MD. “Fueled by the tenacity of our group, the belief of our sufferers, and the help of our companions and traders, we’ve got made nice strides within the pursuit of our mission and helped spur wanted transformation within the kidney care sector. This funding permits us to speed up these efforts whereas solidifying ourselves as a most well-liked associate for well being plans and a trusted advocate for sufferers.”