US-based healthcare support provider CareBridge has launched with more than $40m in funding from investors including GV, a corporate venturing subsidiary of internet and technology conglomerate Alphabet.
The round was led by healthcare and fintech-focused venture capital fund Oak HC/FT and also featured undisclosed additional investors.
CareBridge intends to offer a range of products to assist in the provision of long-term support services (LTSS), including 24/7 support for individual care recipients that are dealing with a high risk of hospitalisation, checking in daily with them and delivering medication to their homes.
The company will also provide electronic visit verification services and data aggregation technology, so that information can be passed between plan members, carers and health systems more effectively. It is developing a predictive model that will hypothetically be able to proactively assess the needs of each member.
The services will utilise technology from two US-based companies CareBridge has acquired: electronic visit verification technology provider HealthStar and Sinq Technologies, developer of a collaborative software platform for home-care monitoring.
Mike Tudeen, CareBridge’s chief executive, said: “I am honoured to have the opportunity to lead such a talented group of proven leaders to help improve care for LTSS members across the country.
“By taking a patient-centred approach to LTSS services, we believe we can significantly improve the quality of care individuals receive while also meaningfully reducing total cost.”
