iRhythm Technologies, Inc.

Custom application-specific integrated circuits (ASICs) used in Zio monitor transmitters. Identified as a single-source dependency in iRhythm's 10-K (FY2025). Supplier name not publicly disclosed.

Single-Source Seal Supplier

Specialized seals used for Zio monitor waterproofing/enclosure integrity. Identified as a single-source dependency in iRhythm's 10-K (FY2025). Supplier name not publicly disclosed.

하류

생산물을 소화하는 고객, 유통사, OEM 및 판매 채널.

하류

UnitedHealth Group (UnitedHealthcare)

Centers for Medicare & Medicaid Services (CMS)

Novitas Solutions (GuideWell Source)

Healthcare Institutions (Hospitals & Health Systems)

Senko Medical Instrument Mfg. Co., Ltd. (SENKO Group Holdings)

UnitedHealth Group (UnitedHealthcare)

NYSE:UNH

Major commercial insurance payor — reimburses iRhythm for Zio ECG analysis services provided to UnitedHealthcare members.

Elevance Health (Anthem)

NYSE:ELV

Major commercial insurance payor — contracts with iRhythm for in-network Zio service reimbursement.

The Cigna Group

NYSE:CI

Major commercial insurance payor — contracts with iRhythm for Zio service reimbursement.

CVS Health (Aetna)

NYSE:CVS

Major commercial insurance payor — contracts with iRhythm for Zio service reimbursement.

Centers for Medicare & Medicaid Services (CMS)

Federal government agency — largest single government payor. iRhythm bills Medicare Part B via Independent Diagnostic Testing Facility (IDTF) billing privileges. · 24.0%

대체 기업

분석에서 대표로 사용하는 상장 비교 기업 및 모니터링 종목.

대체 기업

Jabil Inc.

Boston Scientific Corporation

NYSE:BSX

Direct competitor via Preventice Solutions (acquired 2021) in ambulatory cardiac monitoring. Boston Scientific's cardiac diagnostics segment provides the closest public-market proxy for iRhythm's market.

Koninklijke Philips N.V.

NYSE:PHG

Competitor via BioTelemetry acquisition (2021). Philips' remote cardiac monitoring and diagnostic analytics business competes directly with iRhythm's Zio platform.

Jabil Inc.

NYSE:JBL

iRhythm's key contract manufacturer. Jabil's healthcare segment revenue and margins serve as indirect proxy for production volumes and manufacturing cost trends affecting iRhythm.

지역

공급망을 왜곡할 수 있는 지역별 노출.

지역

United States

Japan

Europe (Austria, Netherlands, Spain, Switzerland, United Kingdom)

Centers for Medicare & Medicaid Services (CMS)

UnitedHealth Group

Elevance Health (Anthem)

Novitas Solutions (GuideWell Source)

Senko Medical Instrument Mfg. Co., Ltd. (SENKO Group Holdings)

iRhythm Technologies Ltd (UK subsidiary)

United States

Primary market — >95% of revenue from US payors, patients, and healthcare institutions. Heavy dependence on US commercial insurance and Medicare reimbursement frameworks.

Centers for Medicare & Medicaid Services (CMS)Government payor — ~$179M annual revenue exposure

UnitedHealth GroupNYSE:UNHLargest US commercial insurer

Elevance Health (Anthem)NYSE:ELVMajor US commercial insurer

Japan

International expansion market — Zio LTCM launched May 2025 via exclusive distributor Senko Medical. Early stage; minimal current revenue contribution but represents future growth. Regulatory and reimbursement framework distinct from US.

Senko Medical Instrument Mfg. Co., Ltd. (SENKO Group Holdings)TYO:9069Exclusive Japan distribution partner

Europe (Austria, Netherlands, Spain, Switzerland, United Kingdom)

Direct market presence — iRhythm offers Zio portfolio via UK office (iRhythm Technologies Ltd). Small revenue contribution. UK NHS represents modest government payor exposure.

iRhythm Technologies Ltd (UK subsidiary)European operations hub

집중도

공급망을 왜곡할 수 있는 고객, 공급업체 또는 파트너 집중 노출.

Customer

Critical

CMS concentration risk — Medicare/Medicaid accounts for ~24% of total revenue. Any adverse change in CMS reimbursement rates or IDTF regulatory requirements would materially impact financial performance.

Customer

High

Commercial payor concentration — top 3-5 commercial insurers (UnitedHealth, Elevance, Cigna, CVS/Aetna) represent a significant portion of the 52.5% commercial payor segment. Loss of a major in-network contract would materially reduce revenue.

Equipment

Critical

Single-source supplier risk — ASICs and seals used in Zio monitors are sourced from single suppliers as disclosed in the 10-K. Any disruption in supply from either vendor could halt production.

Other

High

IDTF regulatory dependency — iRhythm operates as an Independent Diagnostic Testing Facility. Changes to IDTF standards, supervision requirements, or billing rules by CMS could disrupt the business model.

매출 구성

대상 기업의 매출 구성이 공급망 영향력과 의존도로 이어지는 방식.

Commercial Payors

52.5%

$0.4B

Largest revenue segment; iRhythm contracts with major health insurers (UnitedHealth, Elevance, Cigna, CVS/Aetna, Humana) who reimburse for Zio device analysis. Network contracting and payer relations are critical downstream functions.

Centers for Medicare & Medicaid Services (CMS)

24.0%

$0.2B

Second-largest segment. Reimbursement rates set by CMS via Medicare Administrative Contractors (Novitas Solutions, Palmetto GBA). Rate changes directly impact revenue; single-payer concentration risk is material.

Healthcare Institutions

16.8%

$0.1B

Revenue from hospitals, health systems, and cardiology clinics that purchase the Zio service directly. EHR integration partnerships (e.g., Epic) drive adoption and workflow embedding.

Non-contracted Third-party Payors

6.7%

$0.1B

Out-of-network and non-contracted insurance reimbursement. Smaller segment but exposes the business to adverse rate determinations and collection risk.

회사 소개개인정보 처리방침서비스 약관면책 조항종목 디렉터리ETF지수13F 보유 종목목표주가무료 도구기술 지도Slack 참여하기

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iRhythm Technologies, Inc.

IRTC 공급망

상류

Jabil Inc.

Lattice Semiconductor Corporation

Amazon Web Services (AWS)

Single-Source ASIC Supplier

Single-Source Seal Supplier

Battery & Passive Component Suppliers

Jabil's Semiconductor & Component Sub-Suppliers

하류

UnitedHealth Group (UnitedHealthcare)

Elevance Health (Anthem)

The Cigna Group

CVS Health (Aetna)

Centers for Medicare & Medicaid Services (CMS)

Novitas Solutions (GuideWell Source)

Healthcare Institutions (Hospitals & Health Systems)

Senko Medical Instrument Mfg. Co., Ltd. (SENKO Group Holdings)

View More

대체 기업

Boston Scientific Corporation

Koninklijke Philips N.V.

Jabil Inc.

지역

United States

Japan

Europe (Austria, Netherlands, Spain, Switzerland, United Kingdom)

IRTC 공급망

상류

Jabil Inc.

Lattice Semiconductor Corporation

Amazon Web Services (AWS)

Single-Source ASIC Supplier

Single-Source Seal Supplier

Battery & Passive Component Suppliers

Jabil's Semiconductor & Component Sub-Suppliers

하류

UnitedHealth Group (UnitedHealthcare)

Elevance Health (Anthem)

The Cigna Group

CVS Health (Aetna)

Centers for Medicare & Medicaid Services (CMS)

Novitas Solutions (GuideWell Source)

Healthcare Institutions (Hospitals & Health Systems)

Senko Medical Instrument Mfg. Co., Ltd. (SENKO Group Holdings)

View More

대체 기업

Boston Scientific Corporation

Koninklijke Philips N.V.

Jabil Inc.

지역

United States

Japan

Europe (Austria, Netherlands, Spain, Switzerland, United Kingdom)