In 2015, Honor announced a $20 million fundraising round led by high-profile venture capital firm Andreessen Horowitz—making it clear that Silicon Valley-style disruption could be coming to the home care sector. But while it has continued to attract investor interest, Honor has had its share of challenges to surmount, from changing its employment model to […]
Since launching in 2016, U.K. home care startup Cera Care, which pairs patients with in-home caregivers, has locked in more than $4 million in venture funding and garnered widespread praise. But now, it’s being accused of crafting fake reviews online and lying about key health partnerships, Bloomberg Technology reported Thursday. Citing “three people with knowledge of […]
Josh Bruno is preparing to step down as CEO of Hometeam, the New York-based home care startup that he founded. The company’s president, Matt Marcotte, also has left the company after a five-month stint, as Hometeam is shifting its business model. Hometeam confirmed the executive shakeup to Home Health Care News on Friday, following an […]
Investors were bullish on home care on Tuesday, following news that Medicare Advantage (MA) plans would officially be allowed to cover non-skilled home care services starting in 2019. Care providers were excited as well, making the case that they are well-positioned to seize this opportunity, even as they are trying to determine its scope. The […]
There are roughly 40 million caregivers providing in-home care to loved ones and family members in the United States, and when these caregivers seek professional seek help from professional at-home caregivers, they overwhelmingly want to use technology to do it. That’s according to a recent study from AARP called Designing Technology for Caregivers: Understanding What Works […]
Around the nation, home care and home health executives are looking into 2018 with their eyes wide open. With major deals being announced at the end of the year, some are expecting greater M&A activity in the year ahead, while others are still on high alert over new regulations. “I believe 2018 will see the […]
The home care space has recently seen a number of startups take risks and bet on the role of digital solutions in improving seniors’ quality of life and independence at home. But digital solutions need to be designed and rolled out effectively by stakeholders working together to realize their full potential, according to a recent report from HealthXL, […]
Honor—part of a wave of tech-forward home care startups to raise large sums of capital in recent years—now is partnering with assisted living and other senior housing companies, and sees this is a potential way of entering new markets. After starting in San Francisco and raising a cool $20 million in Series A funding in […]
Setting up a home care shop in Illinois is no easy feat, as one startup CEO found out. With no state budget in place for nearly two years, the business reality in Illinois left the startup, called Respect, in a pickle and facing a possible year-long delay to launch—despite the CEO’s personal connection to Gov. Bruce Rauner. After […]
Investors Drop $4 Million on PreparedHealth Some well-known investors have opened their wallets for a Chicago startup focused on social media and big data. PreparedHealth recently picked up $4 million from Chicago Ventures, Pritzker Group Venture Capital, Beverly Capital and Meridian Street Capital, reports Crain’s Chicago Business. PreparedHealth’s signature product is an app called enTouch, […]
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