TCARE, which claims to be the only evidence-based, CMS 1115 approved and accredited family caregiver support platform, has netted $3m in funding.
SixThirty Ventures led the investment, with additional commitments coming from Aflac Ventures, BlueCross BlueShield MN, Blu Ventures, Village Capital, Connetic Ventures and gener8tor fund.
TCARE is a SaaS-based platform that leverages predictive analytics to prevent the burnout of family caregivers, reducing long term care service usage and delaying nursing home placements. It also has partnerships with health, life and care insurance carriers to offer the best protections for families.
The evidence-based approach identifies the root-cause of burnout and establishes a plan to reduce this stress.
Its algorithms generate goals and resources to reduce crisis events and ease the claims process.
Aflac Global Ventures managing director Bharat Rajaram said, “Many families struggle with burnout and associated financial and health challenges while providing care and assistance for loved ones.
“We have been impressed with TCARE’s early success in addressing caregiver burnout as evidenced by multiple deployments with insurance carriers, MCOs and States. This further demonstrates that caregiver support is an essential aspect of at-home care and aging in place – and has the potential to benefit payers, caregivers and care recipients.”
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