Editor’s Picks: ClearCare’s $60 Million Funding
This week, Home Health Care News readers learned what ClearCare’s CEO thinks its $60 million funding round means for competitors like Honor and Hometeam, why two U.S. Senators are calling for a delay of the home health pre-claim review demonstration launch, and why one California-based home care company has branched into senior living.
HHCN will be observing Labor Day on Monday, September 5. We will return to our regular posting schedule on Tuesday, September 6.
We hope you thoroughly enjoy the long weekend. Wherever you choose to spend it, feel free to daydream about aging in place at an ultra-cool home meant for just that in Japan.
CEO: $60 Million ClearCare Funding Puts Honor, Hometeam on Notice—Home care software company ClearCare has secured a $60 million funding round, led by global investment firm Battery Ventures. The investment is a vote of confidence not only in this company but in the well-established home care franchises and independent, locally owned agencies that use the ClearCare product—and a shot across the bow of tech-forward, startup rivals such as Honor and Hometeam, says ClearCare founder and CEO Geoff Nudd.
Senators Push for Pre-Claim Delay After ‘Complete Mess’ in Illinois—Two U.S. Senators have called for a controversial home health pre-claim review demonstration program to be delayed in Florida, and they reiterated concerns over how pre-claim threatens providers and patients. And their concerns appear well-founded, considering reports from providers in Illinois, where pre-claim already has been implemented.
Wage Pressures Push Home Care Provider Into Senior Living—Wage pressures have home care companies pinching pennies to get by with razor-thin profit margins, but one provider has opened a new business line to replace and recapture the business that was lost after raising prices. Select Home Care, a non-medical private duty home care provider based in California, has branched outside of taking care of seniors in their homes. The company’s founder and owner, Dylan Hull, created a separate, ancillary service line called Select Senior Living, a small assisted living business, also based in California.
This is the Most Beautiful Retirement Home on Earth—Check out this beautifully unusual way to age in place in Japan—a teepee-style home designed to accommodate two elderly women and their caregivers.
Written by Mary Kate Nelson