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Fresenius Medical Care, a publicly traded company of which Fresenius owns 30.8%, focuses on patients with chronic kidney failure. [4] With its North American headquarters in Waltham, Massachusetts , it holds a 38% market share in the dialysis market in the United States.
In 1996, Fresenius SE & Co. KGaA merged its dialysis business into W.R. Grace's National Medical Care to form Fresenius Medical Care. [8] In 2000, the company pleaded guilty to billing Medicare for unnecessary medical tests and to paying kickbacks for lab business and paid a $486 million fine. [9] [10] [11] In February 2012, the company ...
NxStage Medical, Inc. (/ ˈ n ɛ k ˌ s t eɪ dʒ / NEK-stayj [2]) is an American company that develops, manufactures, and markets systems for the treatment of chronic kidney disease, acute kidney injury, and hypervolemia. It is a subsidiary of Fresenius Medical Care. System One, a portable hemodialysis system, is the company's primary product. [1]
Schneider joined Fresenius in November 2001, when he was appointed chief financial officer of Fresenius Medical Care. From May 2003 until June 2016 he was CEO of the parent company Fresenius. Under Schneider's leadership of Fresenius, the number of employees more than tripled, revenue quadrupled and net income increased twelvefold. [4]
Mark Bertolini, chief executive officer of Oscar Health and previous CEO of Aetna [1] Gail Koziara Boudreaux , chief executive officer and president of Elevance Health [ 2 ] Thomas B. Considine , chief executive officer of the National Conference of Insurance Legislators and former chief operating officer of MagnaCare [ 3 ]
Sturm served as Chief Financial Officer (CFO) of Fresenius since January 2005, and succeeded Ulf Mark Schneider as CEO, who had been in the role from May 2003 to June 2016. [ 3 ] [ 4 ] Sturm initiated the purchase of the Spanish hospital operator Quirónsalud , the largest acquisition in the history of the company, [ 5 ]
The Affordable Care Act, a sweeping healthcare law passed by Barack Obama in 2010, was designed in part to prevent spurious claim denials by insurance companies and was tasked with monitoring them ...
Vifor Fresenius Medical Care Renal Pharma (VFMCRP), the joint company with Fresenius Medical Care since 2010, gives CSL Vifor access to a network of dialysis centers. [23] It is active in the treatment of chronic kidney disease (CKD), [ 31 ] chronic kidney disease-associated pruritus , [ 32 ] renal anemia [ 33 ] and hyperphosphatemia .