What You Should Know:
– Homethrive, a tech-enabled healthcare service company that’s disrupting and revolutionizing how employers, insurers, and affinity groups support unpaid family caregivers and their loved ones raises an additional $20M in Series B funding led by Human Capital. The round also included participation from Allianz and existing investors 7wireVentures and Pitango HealthTech.
– The funding round fuel Homethrive’s aggressive expansion with self-insured employers and insurance plans and investment in its best-in-class technology stack to create an even more personalized experience enhanced by AI and machine learning.
Transforming The Family Caregiving Experience
Family caregiving impacts the majority of employees. Women are most negatively impacted, a staggering number of whom have exited the workforce. For those who remain in the workforce, the stress and worry are taking a huge mental toll, resulting in lost productivity for companies and reduced outcomes for insurers. It’s a problem that shows no signs of easing.
Through its high-impact family caregiving platform, Dari, Homethrive breaks the caregiving support mold by skillfully blending self-service digital caregiving and health support with expert human interaction to effectively and efficiently right-size care to large populations. Members have 24/7 access to one-of-a-kind resources tackling subjects such as Medicare, Alzheimer’s, long-term care, family care and dynamics, self-care, special needs support, and more. Members needing more one-on-one support are paired with a credentialed caregiving and aging expert, called a Care Guide, who stands side-by-side with them (virtually) to provide concierge-level guidance, advice, and care coordination tailored to their needs.
Homethrive is proven to: support talent strategies with 80% reduction in voluntary turnover and 100% of employees feeling more supported by their employer; increase productivity and presenteeism by saving members an average of 16.4 work hours per month; improve employee well-being with 96% of employees reporting significant reduction in stress; reduce the need for high-cost senior living facility care from 75% to 10%; and lower claims cost by 24% versus control group.
“We are fortunate that over the past 18 months over 100 forward thinking clients and partners have implemented Homethrive because they recognize the impact that our family caregiver support has on their recruitment and retention; diversity, equity, and inclusion (DEI); and general health improvement efforts,” said Dave Jacobs, co-founder and Co-CEO of Homethrive.
