Originally published by Mobi Health News on June 9, 2022
Home and community value-based care startup CareBridge scooped up $140 million in a new funding round led by Oak HC/FT, bringing its valuation to more than $1 billion.
The company, which focuses on Medicaid and dual eligible patients with disabilities using at-home care, offers electronic visit verification and data aggravation services, and virtual support from care teams.
CareBridge will use the financing to expand geographically, continue building its home and community-based care database and add services to people with intellectual and developmental disabilities.
"CareBridge is revolutionizing care for individuals on Medicaid receiving home and community-based services," Brad Smith, executive chairman of CareBridge, said in a statement. "By helping coordinate care and provide 24/7 access to a clinician, CareBridge is helping individuals live healthier, more independent lives while remaining at home."