WELLESLEY, Mass., Feb. 6, 2024
/PRNewswire/ -- Sun Life U.S. has named Somatus as a preferred
partner to further support the company's strategy to increase
access to care while managing rising costs. Through this
partnership, Somatus will deliver a unique and coordinated care
model for Sun Life's stop-loss members who have late-stage kidney
disease and heart disease, two of the most frequently seen
conditions in Sun Life's annual High Cost Claims report.
Sun Life's solution, Kidney Care 360 and Heart Care 360, are
aimed at two different patient populations, using one unique care
management approach that will be an extension of Sun Life's
Clinical 360 program. Clinical 360 combines data analytics and
clinical expertise to improve patient care and outcomes while
reducing costs. Clinical 360 will work with Sun Life's clients to
identify members who will benefit most from working with Somatus'
multidisciplinary care team to help establish a care plan that is
individualized to the member's needs and preferences, including
home health.
"Healthcare costs and access are two of the biggest challenges
Americans face when trying to address a health condition," said
Jennifer Collier, president, Health
and Risk Solutions, Sun Life U.S. "Sun Life is committed to finding
ways to directly impact access and quality of care so that our
members can experience better health outcomes. We are pleased to
partner with Somatus so that our members with kidney or congestive
heart disease will receive coordinated, personalized care that
improves their health and reduces costs for our clients."
Somatus focuses on whole-person care when it comes to both
chronic kidney disease and congestive heart failure. Somatus'
innovative and comprehensive care model leverages AI-driven
technology to address patient care needs related to medication
management, care coordination, nutritional support, and transitions
of care support that empower patients to take an active role in
their health.
By providing full-service teams of experts to patients living
with these conditions, Somatus works with patients' existing
providers to act as an extension of their care plan and drive
greater healthcare access, helping to ensure that all aspects of
care are being coordinated and optimized for improved patient
health.
"We are excited to expand our reach and bring our proven medical
model to more people through this partnership with Sun Life," said
Somatus' co-founder and Chief Executive Officer, Dr. Ikenna Okezie. "Our model has proven outcomes of
17% reduction in medical expenses and 31% reduction in clinically
avoidable hospitalizations in the Medicare Advantage space, while
proactively improving access to care where and when it is needed.
We look forward to extending similar results to Sun Life's
commercial members."
Access to Somatus' services will be available at no additional
cost to Sun Life's stop-loss clients. As the largest independent
stop-loss provider in the country, Sun Life protects self-funded
employers when their employees have a high-dollar medical claim.
According to the Kaiser Family Foundation, an independent source
for health policy research, 65% of U.S. employees are
currently in a self-funded plan.
About Somatus
Somatus partners with leading health
plans and their in-network specialist, primary care, and health
system providers to deliver integrated care for patients with, or
at risk of developing, kidney disease and related chronic
conditions. As the market leader in value-based kidney care,
Somatus' vertically integrated clinical services and AI-driven
technologies delay or prevent disease progression, improve quality
and care coordination, and increase the use of home dialysis
modalities and rates of kidney transplantation. The company is
headquartered in McLean, Virginia and founded by a team
of world-class healthcare operators, successful entrepreneurs, and
leading clinicians. For more information, please
visit www.somatus.com.
About Sun Life U.S.
Sun Life is a leading international financial services
organization providing asset management, wealth, insurance and
health solutions to individual and institutional Clients. Sun Life
has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2023, Sun Life had total assets
under management of C$1.34 trillion. For more information,
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Sun Life U.S. is one of the largest providers of employee and
government benefits, helping more than 50 million Americans access
the healthcare and coverage they need. Through employers, industry
partners and government programs, Sun Life U.S. offers a portfolio
of benefits and services, including dental, vision, disability,
absence management, life, supplemental health, medical stop-loss
insurance, and healthcare navigation. Sun Life employs nearly 8,300
people in the U.S., including associates in our partner dental
practices and affiliated companies in asset management. Group
insurance policies are issued by Sun Life Assurance Company
of Canada (Wellesley Hills,
Mass.), except in New York, where policies are issued
by Sun Life and Health Insurance Company (U.S.) (Lansing, Mich.). For more information visit
our website and newsroom.
Media Contacts:
Anjie
Coplin
Sun Life U.S.
Anjie.Coplin@sunlife.com
Lara Smith
Somatus, Inc.
smithl@somatus.com
Connect with Sun Life
U.S.
https://www.facebook.com/SLFUnitedStates
https://www.linkedin.com/company/sun-life-financial
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SOURCE Sun Life U.S.