DaVita

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DaVita Healthcare Partners, Inc.
Type Public
Traded as NYSEDVA
S&P 500 Component
Industry Health care
Headquarters Denver, Colorado
Key people Kent Thiry (Chairman & CEO), Dennis Kogod (COO)
Products Kidney care and dialysis
Revenue Increase US$8.186 billion (2012)[1]
Operating income Decrease US$1.297 billion (2012)[1]
Net income Decrease US$641.2 million (2012)[1]
Total assets Increase US$16.018 billion (2012)[1]
Total equity Increase US$3.763 billion (2012)[1]
Employees 53,400 (2012)[1]
Website www.davita.com

DaVita Healthcare Partners, Inc. is one of the largest kidney care companies in the United States, with corporate headquarters in Denver, Colorado. Their offerings include in-center hemodialysis, in-center nocturnal dialysis, peritoneal dialysis, home hemodialysis, vascular access management, chronic kidney disease education, and renal diet assistance.

History[edit]

In 1999 DaVita was known as Total Renal Care (TRC), a dialysis company on the brink of bankruptcy. That year, Kent Thiry joined TRC as CEO and the company was restructured and renamed DaVita.[2][3] DaVita was featured as a Stanford Business School case.[4]

Turnaround Effect[edit]

Since 1999 the company has experienced improvements including 11 straight years of improved clinical outcomes and financial results. DaVita acquired Gambro's U.S.-based clinics in 2004.[5] This merger nearly doubled the number of DaVita’s outpatient facilities, combining DaVita's 664 clinics with Gambro Healthcare's 565 clinics.[6] As of Dec. 31 2011, DaVita operates or provides administrative services at more than 1,800 dialysis facilities and domestically employs more than 41,000 people.[7]

Relocation[edit]

In May 2009, DaVita announced it would move its corporate headquarters from El Segundo, California, to Denver.[8] A temporary headquarters that houses more than 300 DaVita employees was leased at 1551 Wewatta Street in Denver’s Lower Downtown (LoDo, Denver) district. In July 2010, DaVita announced it would be building its permanent headquarters adjacent to the Denver Millennium Bridge in LoDo. The new 270,000-square-foot building is slated to hold 900 employees and be completed in 2012.[8] To accommodate growth while awaiting its new headquarters, DaVita leased a second temporary workspace on 16th Street and Market Street in June 2011.[9]

DaVita chose to relocate to Denver for a variety of reasons including the city’s central location, diverse talent pool, accessibility to mass transit, affordable cost of living, welcoming community and outstanding quality of life. DaVita chairman and CEO Kent Thiry has said that “DaVita was looking for two equally important things in its new home. Number one, that we find an environment that was good for the company to pursue its business. Number two, that we find an environment where our people could live great lives.[9]

Since relocating to Denver, DaVita has created approximately 300 jobs with benefits. DaVita currently employs approximately 1,000 employees in Colorado, more than 700 of whom work in the Metro Denver area.[10]

Corporate Social Responsibility[edit]

Sustainability[edit]

DaVita has initiated several sustainability programs to reduce the company footprint, and was the only kidney care company recognized by the United States Environmental Protection Agency for its sustainability initiatives.[11] In 2010, DaVita opened the first LEED-certified dialysis center in the U.S., and is currently seeking LEED Gold certification for its new headquarters being built in Denver.

In 2010 DaVita installed solar thermal technology as a trial at one facility in Scottsburg, Indiana Initial analysis of the trial showed a 75 percent reduction in natural gas consumption versus comparable DaVita facilities in the region.[12]

Dialyzer components are made entirely from crude oil, and the non-degradable parts comprise more than 60 million pounds of medical waste annually.[13] Though dialyzer reuse has sparked a controversy in the dialysis industry,[14] DaVita continues to allow patients to choose either single-use dialyzers or reuse, which is estimated to save 8.5 million pounds of medical waste annually.[13]

DaVita also launched a dialyzer recycling pilot with Waste Management, Inc and Becton Dickinson, believed to be the first program of this type.[15]

Community Outreach[edit]

DaVita works in conjunction with many organizations to raise awareness of chronic kidney disease. DaVita has supported The Kidney TRUST to provide more than 15,000 kidney screenings as part of The Kidney TRUST’s CKD rapid-testing program.[13] The early detection of kidney disease can delay the onset of dialysis and improve the quality of life for patients.

DaVita Kidney Rock[edit]

The DaVita Kidney Rock is a 5K run walk event that raises awareness of chronic kidney disease and funds in support of this cause. The 2011 DaVita Kidney Rock was held in Denver’s City Park and featured complimentary kidney disease screenings for participants by The Kidney TRUST; a health fair; and games and prizes in the Kids Zone.[16]

Tour DaVita[edit]

Tour DaVita is an annual three-day, 250-mile bike ride to raise awareness of and funds for the fight against kidney disease. The fifth annual Tour DaVita was held Sept. 17 – Sept. 20 in Massachusetts, New York and Connecticut. In 2011, Tour DaVita raised $700,000 for the Kidney TRUST.[17]

Village Service Days[edit]

DaVita teammates engage in Village Service Days by making a positive difference in their local communities. Village Service Days include volunteer activities where DaVita teammates support the work of various local 501(c)(3) non-profit organizations.

The Kidney TRUST[edit]

The Kidney TRUST was founded in 2006 by DaVita. It is an independent, nonprofit organization that believes everyone should be empowered to take a proactive role in their health. The Kidney TRUST is seeking to reduce the progression of chronic kidney disease (CKD) through free, rapid screening in non-medical settings and providing financial assistance to people affected by CKD.[18]

Bridge of LIfe - DaVita Medical Missions[edit]

Bridge of Life—DaVita Medical Missions is a 501(c)(3) nonprofit organization founded by DaVita that provides treatment, education and care to CKD patients in developing countries. Bridge of Life has completed 18 missions, bringing dialysis services to Cameroon, India, Ecuador, Guatemala and the Philippines.[19]

Awards and Rankings[edit]

  • 2005–2011 FORTUNE Magazine’s “World’s Most Admired Companies”[20]
  • 2011 Ranked number 359 on the Fortune 500[21]
  • 2011 Debuted at number 100 on InformationWeek 500 List[22]
  • 2011 Colorado Biz “Top Company in health care”[23]
  • 2009–2011 “Best Companies to Work for in Colorado” among the 10 best large companies (those with 250+ employees) by Colorado Biz[24]
  • 2010 Named one of Denver Business Journal’s “Best Places to Work”[8]
  • 2004–2011 “Top 125” ranked companies of employer-sponsored workforce training and development by Training Magazine[25]
  • 2008–2011 DaVita Chairman and CEO Kent Thiry named one of the “100 Most Powerful People in Healthcare” by Modern Healthcare[26]
  • 2008–2012 Ranked among WorldBlu “Most Democratic Workplaces”[27]
  • 2010–2011 Top 400 in 2010 and Top 300 in 2011 in the environmental ranking of the 500 largest publicly traded companies in America by Newsweek[28]
  • 2011 “Corporate Vision Award” from the Women’s Vision Foundation[29]
  • 2009 and 2010 Recognized by the United States Environmental Protection Agency as a leading company supporting renewable generation capacity [30]
  • 2010 and 2011 “Top 100 Military Friendly Employers” according to G.I. Jobs[31]
  • 2010 and 2011 Military Times EDGE “Best for Vets” [32]

Controversies[edit]

On November 30, 2012 CNN Health ran a story about accusations of large scale Medicare/Medicaid fraud made against DaVita.[33]

The lawsuit, which was filed in 2007, remained under seal for more than three years while the government reviewed the claims. In April 2011, U.S. Attorney Sally Yates informed the parties that the government had declined to join the case. The lawsuit alleges that the protocol for Zemplar allowed for only 2 mg vials of the vitamin D supplement to be used when the prescribed dose was 2 mg or less. But if the prescribed dose was 6 mg, for example, a 10 mg vial — not three 2 mg vials — was to be used, with 4 mg being wasted, the suit said. The suit said if DaVita followed certain sterilization safeguards, the unused medication in the Venofer vials could be used for other patients. The company followed such procedures when using the far more expensive drug Epogen during much of the same time, the suit said. In a statement, DaVita acknowledged that such a practice — called re-entry — was allowed as an option to health-care providers by the government between 2002 and 2008. But since 2008, the Centers for Disease Control and Prevention and the Center for Medicare and Medicaid Services have banned it. The agencies have warned that any potential cost savings from allowing multiple syringe draws from a single vial are outweighed by the possible risk of infection.[34]

See also[edit]

References[edit]

  1. ^ a b c d e f "DaVita, Form 10-K, Annual Report, Filing Date Mar 1, 2013". secdatabase.com. Retrieved Mar 30, 2013. 
  2. ^ "DaVita, Form 10-Q, Quarterly Report, Filing Date Nov 15, 1999". secdatabase.com. Retrieved Mar 30, 2013. 
  3. ^ "DaVita, Form 8-K, Current Report, Filing Date Oct 6, 2000". secdatabase.com. Retrieved Mar 30, 2013. 
  4. ^ "Kent Thiry and DaVita: Leadership Challenges in Building and Growing a Great Company". 
  5. ^ "DaVita, Form 8-K, Current Report, Filing Date Dec 8, 2004". secdatabase.com. Retrieved Mar 30, 2013. 
  6. ^ DaVita Inc. - Company Profile, Information, Business Description, History, Background Information [1]
  7. ^ "DaVita, Form 10-K, Annual Report, Filing Date Feb 24, 2012". secdatabase.com. Retrieved Mar 30, 2013. 
  8. ^ a b c DaVita details plans for Denver HQ building. Denver Business Journal.15 July 2010. [2]
  9. ^ a b DaVita breaks ground on new headquarters. KUSA-TV 9News NBC. 23 Feb. 2011. [3]
  10. ^ DaVita gala celebrates dialysis company’s corporate move to Denver. Raabe, Steve. The Denver Post 24 Feb. 2011 [4]
  11. ^ Fortune 500 Green Power Purchasers. United States Environmental Protection Agency. 5 Jan. 2012. [5]
  12. ^ DaVita's first solar thermal dialysis clinic shows substantial energy reduction. Nephrology News & Issues. 30 Sept. 2011. [6]
  13. ^ a b c 2010 Community Care Report
  14. ^ DaVita lets patients reuse filters, now a less-common practice in industry. The Denver Post. 8 May 2011. [7]
  15. ^ DaVita Collaborates with Waste Management and BD to Introduce Dialyzer Recycling Pilot Project. Azuri, Calvin. Green Technology World..3 Aug. 2011. [8]
  16. ^ DaVita Kidney Rock Walk This Saturday! Valencia, Lynne. KUSA 9News.2. Aug. 2010 [9]
  17. ^ Howells pedal to raise funds for kidney disease. Raver, Diane. The Herald Tribune. 18 Oct. 2011
  18. ^ The Kidney TRUST: Who We Are
  19. ^ Bridge of Life: Missions
  20. ^ World's Most Admired Companies. Fortune Magazine. 2011
  21. ^ Fortune 500 2011. Fortune Magazine. 2011
  22. ^ InformationWeek Top 250 InformationWeek. 2011
  23. ^ Top Company 2011 Winner: DaVita. ColoradoBiz Magazine. 2011
  24. ^ Best Companies to Work for in Colorado: Large. ColoradoBiz Magazine. 2011. [10]
  25. ^ Training Reveals Rankings for 2011 Top 125. "Training Magazine." 28 Feb. 2011. [11]
  26. ^ 100 Most Influential People in Healthcare. Modern Healthcare. 2011
  27. ^ WorldBlu Certifies 48 Organizations Globally as "Democratic Workplaces" 2011. [12]
  28. ^ Green Rankings: U.S. Companies. Newsweek.18 Oct. 2010
  29. ^ Foundation names honorees. The Denver Post 12 Oct. 2011
  30. ^ Green Power Leadership Awards. U.S. Environmental Protection Agency. 2010 [13]
  31. ^ Top 100 Military Friendly Employers G.I. Jobs. 2011
  32. ^ Best for Vets: Employers. Military Times EDGE. 2010
  33. ^ Dialysis company accused of giant Medicare fraud - CNN.com
  34. ^ Company denies allegations, notes U.S. attorney declined to join case - Atlanta Journal Constitution

External links[edit]