Today, McKesson Ventures announced an undisclosed strategic investment in cloud-based home care platform ClearCare. The latest round of strategic funding follows an $11 million funding round in 2014, led by Bessemer Venture Partners (BVP), with participation from Cambia Health Solutions and existing investors Voyager Capital, Qualcomm Ventures and Harbor Pacific Capital. Prior to this strategic investment by McKesson Ventures, ClearCare raised $15.5 million.
As 90 percent of people over 65 prefer to age at home, this investment will further support home care agencies in providing high quality, low cost care to seniors across the country. The San Francisco-based company also plans to add telemedicine services, remote monitoring and diagnostics integration into its platform. It will also provide medical supplies and medications to all partners across the United States.
Founded in 2010, ClearCare’s cloud-based home care software platform supports the largest home care network in the nation, serving four of the top five national home care enterprises. The agencies powered by ClearCare have the largest number of caregivers (250,000) and seniors (150,000) under care. Today, ClearCare’s network of partners provides more than 150 million hours of care annually, growing by roughly three million hours of care every month. In addition to its network growth, ClearCare is currently working with Harvard on a three-year study to improve measurability of care outcomes.