Virtual care and connected care are vital to evolving senior care. According to the U.S. Census Bureau, the year 2030 is an important demographic turning point as all baby boomers will be older than age 65. This will expand the size of the older population so that one in every five residents will be retirement age and aging baby boomers will outnumber children for the first time in U.S. history. Jonathan Vespa, a demographer with the U.S. Census Bureau, commented that “by 2035, there will be 78
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Senior Care
K4Connect Raises $12M to Expand Smart Tech for Senior Living Communities
K4Connect, a Raleigh, NC-based digital health startup providing smart technology solutions for senior living communities has raised $12 million in Series B funding led by AXA Venture Partners. Founded in 2013, K4Connect plans to use the latest round of funding to further develop the Company's K4Community solution and underlying Fusion platform/OS technologies. In addition, the company plans to accelerate its partnerships across a spectrum of consumer and senior living-specific
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Centre for Aging + Brain Health Innovation Awards $8.3M to Support Senior Care Innovations
Centre for Aging + Brain Health Innovation (CABHI), a solution accelerator for the aging and brain health sector has invested more than $8.3M across twenty-six projects to acclerate senior care innovations. The projects will utilized the funding to improve the quality of life and care for older adults with dementia and cognitive health issues. The projects are part of three new CABHI programs: the Industry Innovation Partnership Program, the Researcher-Clinician Partnership Program, and the
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MatrixCare Acquires Long-Term Care EHR Vendor SigmaCare
MatrixCare, a provider of long-term care software and technology has acquired Sigma Care, a New York City-based EHR vendor for the long-term, post-acute care market. The senior care market EHR provider currently serves over 12,000 facility-based care settings and over 2,000 home care agency offices throughout the US. Financial terms of the acquisition were not disclosed. For MatrixCare, the acquisition continues its rapid growth and strategic expansion into the New York City market.MatrixCare’s
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Senior Care Startup HomeHero Rebrands As Harvey to Provide Virtual Consultations
After shutting down their non-medical home care marketplace in February, senior care startup HomeHero is rebranding as an integrative medicine company called Harvey. The company’s name derives from English physician and scientist, William Harvey, who first discovered and explained how blood circulates through the human body.The new company will focus on providing virtual consultations with functional and naturopathic doctors, in-home lab testing and natural therapies to help optimize your health
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4 Improvements Data Analytics Will Bring to the Senior Care Space in 2017 & Beyond
Editor's Note: Al Baker is the co-founder and CEO of Reemo, a health technology platform designed to empower caregivers with actionable insights to improve the quality of life for seniors. Also features insights from Teradata Vice President, Strategic Ventures Peter Obringer and Vice President of Technology for New Business Development Jose Basa. We exist in a world where data is impacting nearly every aspect of our daily lives. From New York utilizing open data to critically analyze its street
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Kindly Care Launches Care Exchange to Find Right Home Care Agency
Kindly Care, a San Francisco, CA-based marketplace for senior care is announcing today the launch of Care Exchange, enabling home care agencies to collaborate with each other when recruiting, vetting, and training caregivers.Historically, home care agencies competed with each other for their caregivers, but the ever increasing shortage in caregivers is necessitating a more collaborative approach. With Care Exchange, agencies are able to refer caregivers into a shared pool database for all
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In-Home Care Startup Hometeam Pulls In $27.5M for Expert Caregiver Matching
New York-based in-home care startup Hometeam has raised $27.5M in Series B funding led by Oak HC/FT with existing investors Lux Capital, IA Ventures and Recruit Strategic Partners. Hometeam transforms the aging experience by providing families expert caregiver matching, custom iPads, and a care team to promote healthy & active days. The capital will be used to accelerate its medical and technology development as it continues to experience ever-increasing growth in New York, New Jersey and
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