Davita Inc 's Comment on Competitors and Industry Peers
U.S. and International dialysis competition
The U.S. dialysis industry has consolidated significantly over time but still
remains highly competitive, particularly in terms of acquiring existing outpatient
dialysis centers. We continue to face a high degree of competition in the U.S.
dialysis industry from large and medium-sized providers who compete directly
with us for the acquisition of dialysis businesses, relationships with physicians
to act as medical directors and for individual patients. In addition, as we
continue our international dialysis expansion into various international markets,
we will face competition from large and medium-sized providers for these acquisition
targets as well. Because of the ease of entry into the dialysis business and
the ability of physicians to be medical directors for their own centers, competition
for growth in existing and expanding markets is not limited to large competitors
with substantial financial resources. Acquisitions, developing new outpatient
dialysis centers, patient retention and physician relationships are a critical
component of our growth strategy and our business could be adversely affected
if we are not able to continue to make acquisitions on reasonable terms, continue
to develop new dialysis centers, maintain or establish new relationships with
physicians or if we experience significant patient attrition to our competitors.
Competition for qualified physicians to act as medical directors and for inpatient
dialysis services agreements with hospitals is also intense. Occasionally, we
have also experienced competition from former medical directors or referring
physicians who have opened their own dialysis centers. In addition, we experience
competitive pressures in connection with negotiating contracts with commercial
healthcare payors.
The two largest dialysis companies, FMC and our company, account for approximately
71% of outpatient dialysis patients in the U.S. with our company serving approximately
35% of the total outpatient dialysis patients. Approximately 44% of the centers
not owned by us or FMC are owned or controlled by hospitals or non-profit organizations.
Hospital-based and non-profit dialysis units typically are more difficult to
acquire than physician-owned centers.
HCP’s competition
HCP’s business is highly competitive. HCP competes with managed care organizations,
hospitals, medical groups and individual physicians in its markets. HCP competes
with other primary care physician groups or physicians who contract with health
plans for membership. Health plans contract with care providers on the basis
of costs, reputation, scope, efficiency and stability. Individual members select
a primary care physician at the time of membership with the health plan. Location,
name recognition, quality indicators and other factors go into that decision.
For example, in California, HCP competes with both Permanente Medical Group,
which is the exclusive provider for Kaiser, and Heritage Provider Network. However,
HCP’s principal competitors for members and health plan contracts vary
by market.
Corporate compliance program
Our businesses are subject to extensive federal, state and local government
regulations. Management has designed and implemented a corporate compliance
program as part of our commitment to comply fully with all applicable laws and
regulations and to maintain the high standards of conduct we expect from all
of our teammates. We continuously review this program and enhance it as necessary.
The primary purposes of the program include:
Assessing and identifying risks for existing and new businesses, such as HCP;
Increasing, through training and education, the awareness of our teammates and
affiliated professionals of the necessity of complying with all applicable laws,
regulations and company policies and procedures;
Auditing and monitoring the activities of our operating units and business support
functions on a regular basis to identify potential instances of noncompliance
in a timely manner; and
Ensuring that we take steps to resolve instances of noncompliance or to address
areas of potential noncompliance as promptly as we become aware of them.
We have a code of conduct that each of our teammates and affiliated professionals
must follow and we have a confidential toll-free hotline for teammates and patients
to report potential instances of noncompliance. Our Chief Compliance Officer
administers the compliance program. The Chief Compliance Officer reports directly
to our Chief Operating Officer and to the Compliance Committee of our Board
of Directors.
Overall company Market Share Q4 2023 |
*Market share is calculated based on total revenue.
Who are Davita Inc 's Competitors?
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-10.40%
This Year
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Fresenius Medical Care Ag
Profile
Fresenius Medical Care AG & Co. KGaA is a global healthcare company that specializes in providing services and products for patients with chronic kidney failure. Their business model focuses on offering a comprehensive range of innovative dialysis products, services, and patient care for individuals suffering from kidney-related issues. Through their network of clinics, dialysis centers, and manufacturing sites, they aim to provide high-quality renal care and improve the lives of patients worldwide.
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Heartland Media Acquisition Corp Share Performance
+3.64%
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Heartland Media Acquisition Corp
Profile
Heartland Media Acquisition Corp operates as a blank check company seeking to merge or acquire one or more businesses or assets in the media and entertainment sectors, with a focus on broadcast television stations and other digital media platforms. Its business model involves raising funds through an initial public offering (IPO) and utilizing the proceeds to identify potential targets for acquisitions or partnerships within the media industry.
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Tenet Healthcare Corp Share Performance
+0.42%
Over The Past 5 Days
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Tenet Healthcare Corp
Profile
Tenet Healthcare Corp operates as a healthcare services company that primarily focuses on managing and providing healthcare facilities, including hospitals, outpatient centers, and physician practices. Their business model revolves around delivering high-quality patient care, optimizing operational efficiency, and maintaining strong physician relationships. They aim to provide comprehensive healthcare services to diverse communities, utilizing advanced medical technology and a multispecialty approach to address the healthcare needs of individuals.
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