ClearCare recognized for achievements in technology innovation to connect personal care and home healthcare
New York, NY, October 2, 2019 -- CB Insights today named ClearCare to the inaugural Digital Health 150 ranking, showcasing the 150 most promising private digital health companies in the world. CB Insights CEO Anand Sanwal revealed the final Digital Health 150 during Future of Health, a gathering of top executives across some of the largest healthcare institutions, startups, and investment firms.
"From pharmaceuticals to patient care, technology is rapidly changing healthcare, and The Digital Health 150 showcases the 150 best startups spearheading innovation and change in the sector," said CB Insights CEO Anand Sanwal. "It's a privilege to use CB Insights' data to identify and shine a light on these companies, and we look forward to tracking their success in 2019 and beyond."
The Digital Health 150 companies span the globe, from Canada, China, Germany, Israel, the United States, and the United Kingdom, and are supported by more than 850 investors.
"ClearCare is honored to be recognized as one of the first Digital Health 150 companies. Through our technology, we are deeply committed to helping personal care agencies drive quality of care up while solidifying personal care’s role in the healthcare system to improve outcomes and drive costs down," said ClearCare CEO Geoff Nudd. "We are able to impact the health care cost drivers that elude the traditional system - all in the home and proud to be at the forefront of this transformational time in healthcare with innovative technology and partnerships."
ClearCare has emerged as the market leader and "system of record" serving 8 of the 10 largest personal care enterprises including over 4,000 agencies, 600,000 caregivers and powering over 300 million hours of care per year. ClearCare offers interoperability with the ability to "steel thread" protocols from insurance payers to personal care agencies to caregivers and enable coordinated care models to deploy proven clinical protocols and post acute solutions across the continuum of care.
Most recently, ClearCare announced a partnership with Amedisys, a leading healthcare at home company delivering personalized home health, hospice and personal care. The Amedisys Care Coordination Program, powered by ClearCare, creates a first-of-its-kind opportunity to establish partnerships between Amedisys home health centers and personal care agencies using ClearCare to coordinate the care of patients. The partnership leverages ClearCare’s innovative technology platform to connect high-quality home healthcare with the growing demand for personal care at scale.
Through an evidence-based approach, the CB Insights research team selected the Digital Health 150 from hundreds of applications based on several factors including patent activity, investor quality, news sentiment analysis, proprietary Mosaic scores, market potential, partnerships, competitive landscape, team strength, and tech novelty. The Mosaic Score, based on CB Insights’ algorithm, measures the overall health and growth potential of private companies to help predict a company’s momentum.
Quick facts on the 2019 Digital Health 150:
- In 2018, these emerging private companies cumulatively raised $5.7B across 117 deals. They're on track to surpass these numbers in 2019, with $3B raised across 73 deals as of Q2'19.
- A total of 17 companies have reached a unicorn valuation of $1B or more. GRAIL, Oscar Health, and We Doctor round out the top three most funded companies on the list.
- 116 of the Digital Health 150 are headquartered in the United States. Those based outside the United States include 17 from Asia, 16 from Europe, and 1 from Canada.
- Over 850 unique investors have funded the Digital Health 150, with F-Prime Capital, New Enterprise Associates, and Google Ventures taking the top three spots as the most active investors.
The Digital Health 150 Companies (in alphabetical order):
About CB Insights
At CB Insights, we believe the most complex strategic business questions are best answered with facts. We are a machine intelligence company that synthesizes, analyzes and visualizes millions of documents to give our clients fast, fact-based insights. Serving the majority of the Fortune 100, we give companies the power to make better decisions, take control of their own future, and capitalize on change.
Hyeri Kim, Senior Manager - PR & Communications
+1 212-292-3148 ext. 3020
ClearCare is the leading web-based operating platform for home care agencies. Our secure, HITRUST CSF Certified platform powers over 4,000 agencies, including 8 of the largest 10 home care enterprises, which in turn employ over 600,000 caregivers. In addition to powering all of the day-to-day operating functions of a home care agency, ClearCare's Family Room and caregiver portals coordinate members of a patient or client's care team. ClearCare Home Connect APIs and business intelligence tools enable home care enterprises to standardize and optimize their proprietary best practices and connect to health plans and providers. Learn more at clearcareonline.com.
Ed Chuang, Vice President – Marketing