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Outset Medical Inc's Business Segments
Outset Medical Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
4
Largest Segment
Product
Total Revenue
$ 32
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Product0%
- Consumables Product80.9%
- Product Revenue60.2%
- Consoles Product47%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 40 | - |
| Consumables Product | $ 26 | 80.9% |
| Product Revenue | $ 19 | 60.2% |
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Revenue by Product & Service Category - FY
- Product68.5%
- Consumables Product48.6%
- Service and Other Revenue34.4%
- Consoles Product19.8%
Revenue by Product & Service Category - FY
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 19 | 68.5% |
| Consumables Product | $ 13 | 48.6% |
| Service and Other Revenue | $ 9 | 34.4% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Annual Results
Revenue Share by Reportable Segment - FY
- Product0%
- Consumables Product80.9%
- Product Revenue60.2%
- Consoles Product47%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Product | $ 40 | - |
| Consumables Product | $ 26 | 80.9% |
| Product Revenue | $ 19 | 60.2% |
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Description of Outset Medical Inc
Outset Medical Inc. is a pioneering medical technology company that offers innovative solutions for the delivery of hemodialysis treatment. The company was founded in 2003 by Leslie Trigg, who was inspired to create a better experience for hemodialysis patients after witnessing her father’s struggles with the treatment.
Outset Medical’s flagship product is the Tablo Hemodialysis System, which streamlines the hemodialysis process by integrating multiple functions that are typically performed by separate machines. Tablo consists of a small, mobile machine that can be used in hospitals, clinics, and patients’ homes. The system can automatically monitor and adjust dialysis parameters, and it can also generate real-time diagnostic information that can help providers make more informed decisions about patient care.
Tablo is designed to be easy to use, and it features a touch-screen interface that guides patients and providers through the treatment process. In addition, Tablo is designed to minimize the use of consumables, reduce water usage, and lower treatment costs.
Outset Medical has received significant recognition for its innovative technology. In 2021, the company was named one of Fast Company’s Most Innovative Companies in the Biotech category. In addition, the Tablo Hemodialysis System has received FDA clearance and is currently used in clinics across the United States.
The company has also attracted significant investment, raising $277 million in a Series D funding round in 2020. Outset Medical is headquartered in San Jose, California, and has additional offices in Minnesota and Georgia. The company has a team of over 400 employees and is continuing to grow as they expand their offerings and bring better medical solutions to the industry.
Outset Medical’s flagship product is the Tablo Hemodialysis System, which streamlines the hemodialysis process by integrating multiple functions that are typically performed by separate machines. Tablo consists of a small, mobile machine that can be used in hospitals, clinics, and patients’ homes. The system can automatically monitor and adjust dialysis parameters, and it can also generate real-time diagnostic information that can help providers make more informed decisions about patient care.
Tablo is designed to be easy to use, and it features a touch-screen interface that guides patients and providers through the treatment process. In addition, Tablo is designed to minimize the use of consumables, reduce water usage, and lower treatment costs.
Outset Medical has received significant recognition for its innovative technology. In 2021, the company was named one of Fast Company’s Most Innovative Companies in the Biotech category. In addition, the Tablo Hemodialysis System has received FDA clearance and is currently used in clinics across the United States.
The company has also attracted significant investment, raising $277 million in a Series D funding round in 2020. Outset Medical is headquartered in San Jose, California, and has additional offices in Minnesota and Georgia. The company has a team of over 400 employees and is continuing to grow as they expand their offerings and bring better medical solutions to the industry.
Outset Medical Inc is a pioneering medical technology company dedicated to revolutionizing the dialysis industry through innovative solutions. Their approach aims to significantly enhance the experience for both patients undergoing treatment and healthcare providers administering dialysis.
Segments
Outset Medical operates primarily in two interrelated segments within the healthcare industry:
1. Patients: The company focuses on improving the dialysis experience for patients by offering state-of-the-art technologies that prioritize their comfort, safety, and overall quality of life. The offering emphasizes ease of use, mobility, and superior health outcomes.
2. Healthcare Providers: Outset Medical supports healthcare providers by streamlining dialysis processes and offering comprehensive service models. The solutions provided are designed to reduce the complexity and burden often associated with renal care, enabling healthcare providers to focus on delivering high-quality patient care.
Products
Tablo Hemodialysis System:
Outset Medicals flagship product is the Tablo system, a next-generation hemodialysis machine that has been FDA-approved for clinical use.
- Design and Portability: Tablo is engineered to be robust yet highly portable, weighing in at only 65 pounds, making it the smallest and lightest device of its kind available in the market.
- User Interface: The system features an advanced touchscreen console, designed for intuitive interaction and personalized user experiences. This design facilitates ease of use for both patients and healthcare providers.
- Safety and Efficiency: Unique capabilities like simplified setup and self-priming functions contribute to increased safety and a reduction in operational errors. These features ensure that both patients and providers can manage dialysis more effectively and securely.
Dialysis-as-a-Service Model (DaaS)
Outset Medicals innovative Dialysis-as-a-Servicemodel encompasses a comprehensive full-service approach to hemodialysis delivery:
- Integrated Solutions: The DaaS model includes all necessary components for effective dialysis administration, from the Tablo device to consumables, support, maintenance, and operational administration.
- Cost and Efficiency: This model is designed to streamline operations for healthcare providers, offering a cost-effective and seamless method of delivering dialysis care, ultimately enhancing the efficiency of clinical workflows.
Services
Outset Medical also provides a comprehensive suite of services tailored for both patients and healthcare providers:
- Patient Support Services: These include educational programs aimed at helping patients understand their treatment options, ensuring they are informed participants in their care, and providing ongoing monitoring and health assessments to optimize outcomes.
- Provider Support Services: For healthcare providers, Outset Medical offers a range of services including:
- Equipment Installation: Professional setup of dialysis equipment to ensure proper operational standards.
- Training and Education: Comprehensive training programs for healthcare staff to ensure effective and safe operation of the Tablo system.
- Certification Programs: Formal certification for personnel responsible for operating the dialysis equipment and administering care.
- Full-Service Support & Repair: Continuous maintenance and support services to ensure that the dialysis equipment functions optimally, minimizing downtime and disruption in patient care.
Conclusion
In summary, Outset Medical Inc is dedicated to transforming the dialysis landscape by providing cutting-edge products and services that cater to the unique needs of both patients and healthcare providers. The Tablo system stands out with its superior design and functionality, while the Dialysis-as-a-Service model offers a holistic approach to care delivery. Together, these innovations strive to enhance patient outcomes, reduce operational costs, and ultimately improve the quality of life for individuals relying on dialysis treatment.
Segments
Outset Medical operates primarily in two interrelated segments within the healthcare industry:
1. Patients: The company focuses on improving the dialysis experience for patients by offering state-of-the-art technologies that prioritize their comfort, safety, and overall quality of life. The offering emphasizes ease of use, mobility, and superior health outcomes.
2. Healthcare Providers: Outset Medical supports healthcare providers by streamlining dialysis processes and offering comprehensive service models. The solutions provided are designed to reduce the complexity and burden often associated with renal care, enabling healthcare providers to focus on delivering high-quality patient care.
Products
Tablo Hemodialysis System:
Outset Medicals flagship product is the Tablo system, a next-generation hemodialysis machine that has been FDA-approved for clinical use.
- Design and Portability: Tablo is engineered to be robust yet highly portable, weighing in at only 65 pounds, making it the smallest and lightest device of its kind available in the market.
- User Interface: The system features an advanced touchscreen console, designed for intuitive interaction and personalized user experiences. This design facilitates ease of use for both patients and healthcare providers.
- Safety and Efficiency: Unique capabilities like simplified setup and self-priming functions contribute to increased safety and a reduction in operational errors. These features ensure that both patients and providers can manage dialysis more effectively and securely.
Dialysis-as-a-Service Model (DaaS)
Outset Medicals innovative Dialysis-as-a-Servicemodel encompasses a comprehensive full-service approach to hemodialysis delivery:
- Integrated Solutions: The DaaS model includes all necessary components for effective dialysis administration, from the Tablo device to consumables, support, maintenance, and operational administration.
- Cost and Efficiency: This model is designed to streamline operations for healthcare providers, offering a cost-effective and seamless method of delivering dialysis care, ultimately enhancing the efficiency of clinical workflows.
Services
Outset Medical also provides a comprehensive suite of services tailored for both patients and healthcare providers:
- Patient Support Services: These include educational programs aimed at helping patients understand their treatment options, ensuring they are informed participants in their care, and providing ongoing monitoring and health assessments to optimize outcomes.
- Provider Support Services: For healthcare providers, Outset Medical offers a range of services including:
- Equipment Installation: Professional setup of dialysis equipment to ensure proper operational standards.
- Training and Education: Comprehensive training programs for healthcare staff to ensure effective and safe operation of the Tablo system.
- Certification Programs: Formal certification for personnel responsible for operating the dialysis equipment and administering care.
- Full-Service Support & Repair: Continuous maintenance and support services to ensure that the dialysis equipment functions optimally, minimizing downtime and disruption in patient care.
Conclusion
In summary, Outset Medical Inc is dedicated to transforming the dialysis landscape by providing cutting-edge products and services that cater to the unique needs of both patients and healthcare providers. The Tablo system stands out with its superior design and functionality, while the Dialysis-as-a-Service model offers a holistic approach to care delivery. Together, these innovations strive to enhance patient outcomes, reduce operational costs, and ultimately improve the quality of life for individuals relying on dialysis treatment.