Continuously improving the quality of life of people with chronic kidney failure is and will always be a key pillar of our strategy.
Rice Powell CEO
Fresenius Medical Care aims to further consolidate its expertise as the world's largest provider of top-quality dialysis treatments and products and to apply them as a basis for sustainable, profitable growth. Moreover, by expanding our range of medical services in the area of Care Coordination, our goal is to provide holistic care and improve outcomes for patients as well as payers and at the same time sustainbly increase the company value of Fresenius Medical Care.
Our strategic plan is built around four core competencies that will support us in the years to come.
Developing innovative products to achieve even better outcomes for our patients is an inherent part of our strategy of sustainable, profitable growth and reinforces our technology leadership position in dialysis. In addition, we strive to identify new opportunities in value-added technologies and approaches on an ongoing basis, for example through our Fresenius Medical Care Ventures fund.
Standardizing medical procedures
Our goal is to standardize medical treatments and clinical processes while continuing to ensure high-quality clinical outcomes. We provided around 52 M dialysis treatments worldwide in 2019. Consequently, we have one of the largest renal patient databases in the world. We intend to use this information to standardize medical settings, ramp up new clinics and integrate acquired clinics based on proven and efficient concepts.
Coordinating patients efficiently
In an environment of increasing patient numbers and changing health care systems, Fresenius Medical Care sees significant potential in providing value-based care. This approach focuses on selling solutions, providing holistic care and receiving outcome-based reimbursement rather than offering single products or services. Depending on the type of health care network in which we participate, we coordinate the care of our patients with other providers including physicians and other health care facilities. We then use the accumulated patient informtation provided through the coordination to create predictive analytics.
Operating outpatient facilities
By leveraging our experience gained in currently 3,994 proprietary dialysis clinics in around 50 countries, we have the knowledge to operate and manage stand-alone outpatient clinics efficiently and capture economies of scale. We are continously to optimize and modernize our processes and adminstrative structures.
Care Coordination enables us to further enhance our business beyond dialysis, for example in markets where the privatized dialysis market is relatively well developed and we already have a high market share. Although Care Coordination is a business with a global focus, we currently mainly provide non-dialysis services in our largest market, the U.S., and in Asia-Pacific. In recent years, the health care system in the U.S. has moved away from the reimbursement of individual services towards holistic and coordinated care. Our activities in Care Coordination and our experience in dialysis mean that we can participate in the development of the U.S. health care system and use this as a basis for additional growth. At the same time, patients benefit from coordinated care, and health care systems from lower costs.