CareBridge

Nation's leading value-based care solution for patients receiving home and community-based services

General Information
Company Name
CareBridge
Founded Year
2019
Location (Offices)
Nashville, United States +1
Founders / Decision Makers
Number of Employees
370
Industries
Health Care
Funding Stage
Series C
Social Media

CareBridge - Company Profile

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.

Taxonomy: Value-based care, Home and community-based services, Managed Medicaid, Medicare plans, Health outcomes, Clinical support, Data aggregation, Electronic Visit Verification, 24/7 Member Support, Decision Support, LTSS Specialists, Virtual care, Patient independence, Medicaid services

Funding Rounds & Investors of CareBridge (4)

View All
Funding Stage Amount No. Investors Investors Date
Series C $140.00M 4 08 Jun 2022
Venture Round Unknown 1 Russell Street Ventures 30 Mar 2022
Series B $36.80M 5 Elevance Health 01 Dec 2019
Series A $5.60M - 01 Jun 2019

Latest News of CareBridge

View All

No recent news or press coverage available for CareBridge.

Similar Companies to CareBridge

View All
Independent Living Systems, LLC - Similar company to CareBridge
Independent Living Systems, LLC Committed to enhancing quality of life by improving health outcomes, reducing costs, & addressing SDOH.
Vital Home Health Services - Similar company to CareBridge
Vital Home Health Services Home is where the heart is
Alana Healthcare - Similar company to CareBridge
Alana Healthcare Innovative health solutions company providing high-touch support and education for people living with chronic diseases.
CareVoyant - Similar company to CareBridge
CareVoyant All-in-One, cloud-based Home Care Software for Private Duty Nursing, Non-Medical, HCBS, Home Health Care Agencies.
My Choice Wisconsin - Similar company to CareBridge
My Choice Wisconsin Caring Starts Here