Carefeed secures $3 million to broaden platform in senior care settings

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Carefeed, a supplier of cloud-based and HIPAA-compliant digital communication options, closed a $3 million financing spherical led by Reformation Companions with participation from current buyers Allos Ventures and M25.

The funding accelerates Carefeed’s enlargement of its SaaS platform to expert nursing and senior residing communities, in addition to different affected person care settings throughout the USA and Canada. 

Its HIPAA-secure SaaS platform digitizes and allows simplified distribution of data and supplies senior healthcare suppliers and different care suppliers share with sufferers, residents, households, employees, referral sources and others, in line with Carefeed.

Its communication expertise automates paper processes corresponding to admission agreements and calendars, phone-based security bulletins, and care convention schedules and distributes them through textual content, electronic mail and voice. 

Traders embrace Reformation Companions, an early development fairness agency that invests in capital-efficient enterprise and client corporations at their level of breakout, and helps their development by means of profitability, future financing rounds and exit. 

Allos Ventures invests in seed and early-stage expertise corporations, specializing in B2B software program corporations and augmenting the capital offered by startup buyers. That is Allos’s second funding in Carefeed, in line with John McIlwraith, managing director of Allos.

M25 is an early-stage enterprise agency primarily based in Chicago that invests solely in tech startups headquartered within the Midwest. Since launching in 2015, M25 stated it has turn into essentially the most energetic investor within the area.

WHY THIS MATTERS

Carefeed’s platform is being utilized by a few of the largest senior residing corporations in the USA. Its platform gives time- and cost-saving options to assist efficient communications whereas serving to communities keep compliant with the state and federal rules that govern the distribution and accessibility of data, Carefeed stated. 

Moreover, Carefeed’s new household portal supplies a one-stop hub for members of the family to entry data particular to their family members along with necessary community-wide updates.

THE LARGER TREND

Communication with household was particularly necessary in the course of the COVID-19 pandemic when members of the family couldn’t go to with family members in individual.

Terry Wall, founder and CEO of Carefeed stated, “Folks working in senior care and different care supplier settings have been beneath monumental strain – particularly due to COVID-19 – and we’re continuously creating and enhancing options to assist their efforts to ship high-quality care.”

Twitter: @SusanJMorse
E-mail the author: SMorse@himss.org

 



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