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Davita Inc   (DVA)
Other Ticker:  
 
    Sector  Healthcare    Industry Healthcare Facilities
   Industry Healthcare Facilities
   Sector  Healthcare
 

Davita Inc's Customers Performance

DVA

 
DVA's Source of Revenues In the Q4, Davita Inc 's corporate clients experienced a reduction by -2.06 % in their costs of revenue, compared to a year ago, sequentially costs of revenue grew by 12.56 %. During the corresponding time, Davita Inc recorded revenue increase by 7.85 % year on year, sequentially revenue grew by 0.78 %. While revenue at the Davita Inc 's corporate clients recorded rose by 13.43 % year on year, sequentially revenue grew by 21.86 %.

List of DVA Customers




Customers of Davita Inc saw their costs of revenue decrease by -2.06 % in Q4 compare to a year ago, sequentially costs of revenue grew by 12.56 %, for the same period Davita Inc recorded revenue increase by 7.85 % year on year, sequentially revenue grew by 0.78 %.

List of DVA Customers


   
Customers Net Income fell in Q4 by Customers Net margin fell to %
-11.27 % 2.77 %



Davita Inc's Customers, Q4 2023 Revenue Growth By Industry
Customers in Accident & Health Insurance Industry      12.65 %
Customers in Life Insurance Industry      16.62 %
Customers in Property & Casualty Insurance Industry      9.65 %
Customers in Healthcare Facilities Industry      7.8 %
     
• Customers Valuation • Customers Mgmt. Effect.


Davita Inc's Comment on Sales, Marketing and Customers



On average, dialysis-related payment rates from commercial payors are significantly higher than Medicare, Medicaid and other government program payment rates, and therefore the percentage of commercial patients to total patients represents a major driver of our total average dialysis revenue per treatment. The percentage of commercial patients covered under contracted plans as compared to commercial patients with out-of-network providers continued to increase and can also significantly affect our average dialysis revenue per treatment since commercial payment rates for patients with out-of-network providers are on average higher than in-network payment rates that are covered under contracted plans. In 2013, the growth of our government-based patients continued to outpace the growth of our commercial patients, which has been a trend that we have experienced for the past several years. We believe the growth in our government-based patients is driven primarily by improved mortality and the current economic environment that has resulted in a decrease in the number of individuals that are covered under commercial insurance plans. This trend has negatively impacted our average dialysis revenue per treatment over the last several years as a result of receiving a larger proportion of our revenue from government-based payors, such as Medicare, that reimburse us at lower payment rates.

HCP capitated revenues consist primarily of fees for medical services provided under capitated contracts with various health plans or under FFS arrangements with privately insured individuals. Capitation revenue derived from health plans typically results from either (i) premium payments by CMS to HCP’s health plan customers under Medicare Advantage with respect to seniors, disabled and other eligible persons (which are referred to herein as HCP’s senior membership), (ii) premium payments by state governments to HCP’s health plan customers under Medicaid managed care programs (which are referred to herein as HCP’s Medicaid membership), and (iii) premium payments from public and private employers and individuals to HCP’s health plan customers with respect to their employees (which are referred to herein as HCP’s commercial membership). Capitation payments under health plan contracts are made monthly based on the number of enrollees selecting an HCP associated group physician employed or associated with one of HCP’s medical group entities as their primary health care provider. The amount of monthly capitation HCP receives from health plans on behalf of a member generally does not vary during a given calendar year, regardless of the level of actual medical services utilized by the member. Due to differing state laws affecting health care entities, HCP’s capitation contracts fall into two general categories. As described in more detail below, in central Florida, southern Nevada, New Mexico and Arizona, HCP utilizes a global capitation model in which it assumes the financial responsibility for both professional (physician) and institutional (or hospital) services for covered benefits. In 2013, in southern California, HCP utilized variants of a different model for capitation under which it is directly financially responsible for covered professional services, but indirectly financially responsible for covered institutional expenses. See below for further discussion regarding changes to HCP’s revenue recognition for hospital services in 2014. HCP’s associated medical groups also receive specified incentive payments from health plans based on specified performance and quality criteria. These amounts are accrued when earned, and the amounts can be reasonably estimated.






Davita Inc's Comment on Sales, Marketing and Customers


On average, dialysis-related payment rates from commercial payors are significantly higher than Medicare, Medicaid and other government program payment rates, and therefore the percentage of commercial patients to total patients represents a major driver of our total average dialysis revenue per treatment. The percentage of commercial patients covered under contracted plans as compared to commercial patients with out-of-network providers continued to increase and can also significantly affect our average dialysis revenue per treatment since commercial payment rates for patients with out-of-network providers are on average higher than in-network payment rates that are covered under contracted plans. In 2013, the growth of our government-based patients continued to outpace the growth of our commercial patients, which has been a trend that we have experienced for the past several years. We believe the growth in our government-based patients is driven primarily by improved mortality and the current economic environment that has resulted in a decrease in the number of individuals that are covered under commercial insurance plans. This trend has negatively impacted our average dialysis revenue per treatment over the last several years as a result of receiving a larger proportion of our revenue from government-based payors, such as Medicare, that reimburse us at lower payment rates.

HCP capitated revenues consist primarily of fees for medical services provided under capitated contracts with various health plans or under FFS arrangements with privately insured individuals. Capitation revenue derived from health plans typically results from either (i) premium payments by CMS to HCP’s health plan customers under Medicare Advantage with respect to seniors, disabled and other eligible persons (which are referred to herein as HCP’s senior membership), (ii) premium payments by state governments to HCP’s health plan customers under Medicaid managed care programs (which are referred to herein as HCP’s Medicaid membership), and (iii) premium payments from public and private employers and individuals to HCP’s health plan customers with respect to their employees (which are referred to herein as HCP’s commercial membership). Capitation payments under health plan contracts are made monthly based on the number of enrollees selecting an HCP associated group physician employed or associated with one of HCP’s medical group entities as their primary health care provider. The amount of monthly capitation HCP receives from health plans on behalf of a member generally does not vary during a given calendar year, regardless of the level of actual medical services utilized by the member. Due to differing state laws affecting health care entities, HCP’s capitation contracts fall into two general categories. As described in more detail below, in central Florida, southern Nevada, New Mexico and Arizona, HCP utilizes a global capitation model in which it assumes the financial responsibility for both professional (physician) and institutional (or hospital) services for covered benefits. In 2013, in southern California, HCP utilized variants of a different model for capitation under which it is directly financially responsible for covered professional services, but indirectly financially responsible for covered institutional expenses. See below for further discussion regarding changes to HCP’s revenue recognition for hospital services in 2014. HCP’s associated medical groups also receive specified incentive payments from health plans based on specified performance and quality criteria. These amounts are accrued when earned, and the amounts can be reasonably estimated.










DVA's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Davita Inc 12,770.10 12,140.15 956.98 69,000
Aflac Incorporated 50,596.26 18,701.00 4,659.00 12,447
Assurant Inc 9,591.26 11,131.60 642.50 15,600
American National Group Inc 5,108.64 4,299.31 639.89 4,736
Axis Capital Holdings Limited 5,436.82 5,643.39 376.29 1,225
The Cigna Group 104,714.28 195,265.00 5,372.00 73,700
Centene Corporation 42,042.03 153,695.00 1,740.00 72,500
Cno Financial Group Inc 3,051.87 4,146.80 276.50 3,500
Elevance Health Inc 122,045.86 165,712.00 6,434.00 98,200
Futu Holdings Ltd 62,442.93 975.97 375.17 150
Heartland Media Acquisition Corp 202.86 0.00 4.01 0
Humana Inc 43,207.80 106,374.00 2,484.00 96,900
Kemper Corporation 3,742.18 4,944.20 -272.30 5,600
Metlife Inc 55,314.36 66,905.00 1,602.00 43,000
Molina Healthcare Inc 23,508.52 34,072.00 1,091.00 14,000
Principal Financial Group inc 20,101.25 13,665.80 670.10 18,600
Security National Financial Corporation 189.50 351.77 32.87 1,271
Tenet Healthcare Corp 10,741.19 20,548.00 1,311.00 108,000
Trupanion Inc 1,122.29 1,108.61 -44.69 439
Unitedhealth Group Incorporated 456,859.43 371,622.00 23,144.00 350,000
Unum Group 10,252.62 12,385.90 1,283.80 10,300
White Mountains Insurance Group ltd 0.00 2,166.70 580.90 2,973
SUBTOTAL 1,030,271.95 1,193,714.04 52,402.04 933,141


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