Caremerge Raises $14M

What does Caremerge do?

Caremerge, is a revolutionary industry pioneer which is paving the way for care communication and coordination solutions for bridging care gaps across the care continuum and get providers ready for value based care. The company provides a total set of mobile and web communication and care coordination solutions for senior living communities. It allows the staff to connect with each other and with offsite stakeholders for facilitating timely care for senior residents. The company offer 7 apps for senior living communities including Residents-on-the-go, Assessments, Clinical, Family QA, Communication Log, Notes and Activities.  In the present times when long term care is challenged with increasing regulations, delayed medicare payments, high staff turnover and lowering profit margins, most people believe that long term care is slow at adopting technology. However, this company begs to differ, it believes that technology has not adopted to LTC challenges and workflows. So, web and mobile apps developed by this company is not only helping in care coordination and communication improvement within LTC communities, but it is also allowing such communities in effectively engaging families and helping reducing hospital readmission.

How much Caremerge was funded?

The company raised $14M in undisclosed on July 14, 2016 from Arsenal Venture Partners, Ziegler-LinkAge Longevity Fund, GE Ventures, Grazyna Kulczyk, Cambia Health Solutions and Insight Venture Partners.

Previous funding

$2.1M in Series A on July 11, 2013 from StartUp Health and Grazyna Kulczyk

$4M in Series B on January 6, 2015 from Cambia Health Solutions, GE Ventures, Generator Ventures,  Ziegler-LinkAge Longevity Fund and Arsenal Venture Partners.

What is next for Caremerge?

Caremerge plans to use the latest funding raised for their continued and exponential growth and expansion in the post-acute care market by leveraging its cross enterprise workflow automation tech for breaking healthcare info silos.

More about Caremerge

Caremerge was founded on December 1, 2010 by Fahad Aziz and Asif Khan. It has its headquarters in Chicago, IL.