Somatus
Date | Investors | Amount | Round |
---|---|---|---|
$11.0m | Series B | ||
$11.0m | Series B | ||
$64.0m | Series C | ||
* | N/A | $60.1m Valuation: $320m | Series D |
* | $325m Valuation: $2.5b | Series E | |
Total Funding | €433m |
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Recent News about Somatus
EditSomatus is a healthcare startup focused on improving the lives of individuals with kidney and heart conditions. The company provides personalized clinical, emotional, and social support to help patients manage their health more effectively. Somatus operates in the healthcare market, specifically targeting patients with chronic kidney disease (CKD) and heart conditions.
The business model of Somatus revolves around value-based care, which means they aim to improve patient outcomes while reducing healthcare costs. They achieve this by partnering with healthcare providers and payers (like insurance companies) to offer comprehensive care management services. These services include local, hands-on support teams that act as coaches, advocates, and advisors for patients. By doing so, they help patients navigate the healthcare system, access necessary resources, and make informed decisions about their health.
Somatus makes money through these partnerships by helping healthcare providers and payers improve their performance in value-based contracts. These contracts reward healthcare providers for delivering high-quality care at lower costs. By reducing hospital admissions, increasing transplant options, and improving overall health outcomes, Somatus helps its partners save money and achieve better results, which in turn generates revenue for the company.
In summary, Somatus is dedicated to enhancing the quality of life for patients with kidney and heart conditions through personalized support and value-based care. Their innovative approach not only benefits patients but also helps healthcare providers and payers achieve better outcomes and cost savings.
Keywords: kidney care, heart health, value-based care, personalized support, chronic disease management, healthcare partnerships, patient advocacy, cost reduction, improved outcomes, healthcare innovation.