CareBridge

CareBridge is a leading value-based care provider specializing in home and community-based services (HCBS). Partnering with managed Medicaid and Medicare plans, CareBridge aims to enhance the health, independence, and quality of life for its members. The company's solutions, including 24/7 Member Support, Decision Support, Electronic Visit Verification (EVV), and Data Aggregation, are designed to improve health outcomes and optimize independence for individuals receiving HCBS. The 24/7 Member Support program offers access to a multidisciplinary medical team, including physicians, psychiatrists, pharmacists, nurses, and social workers, through a cellular-enabled tablet. This virtual-first approach ensures round-the-clock assistance for members and caregivers, ultimately improving health outcomes for those under HCBS. Meanwhile, Decision Support provides actionable recommendations for personalized care plans based on insights from CareBridge's extensive HCBS database, ultimately aiming to enhance independence and safety for its members. CareBridge's solutions have demonstrated positive outcomes, including increased independence, enhanced clinical quality, and reduced emergency room visits and hospitalizations, leading to overall cost reductions. Notably, the company has received a high Net Promoter Score of 84 from patients and families, reflecting the efficacy and satisfaction with its services. Founded in 2019 and based in the United States, CareBridge recently secured a $140.00M Series C investment on 08 June 2022 from notable investors including Oak HC/FT, CVS Health, Optum Ventures, and HLM Venture Partners. This substantial investment underscores the confidence and support from prominent entities in the healthcare and venture capital sectors towards CareBridge's innovative approach to value-based care within the HCBS industry.