CareBridge

CareBridge is a value-based healthcare company founded in 2018 that provides services to Medicaid and dually eligible patients with physical, intellectual, and developmental disabilities who receive home and community-based services (HCBS). The company offers solutions including 24/7 clinical support, decision support, data aggregation, and electronic visit verification. CareBridge's 24/7 clinical support solution involves deploying tablets to high-risk individuals' homes, allowing patients, family members, and caregivers to contact CareBridge's interdisciplinary clinical team of physicians, nurses, pharmacists, and social workers via video visits at any time. The company also conducts regular assessments to ensure patients have the necessary resources and support to maximize their independence and safety at home. CareBridge's decision support product provides health plan care managers with recommendations on HCBS types and levels to help members achieve greater independence while managing costs. The company's electronic visit verification solution is compliant with the 21st Century Cures Act. As of June 2023, CareBridge served 84,000 HCBS members across 12 states and Washington, DC The company's interventions have been shown to reduce emergency room visits, hospitalizations, and total costs while improving clinical quality and independence. CareBridge takes financial risk for the total cost and quality of care for patients, aiming to ensure individuals receive appropriate services at home to prevent unnecessary hospitalizations and ER visits.

Key customers and partnerships

CareBridge partners with managed Medicaid and DSNP plans, including four of the nation's five largest managed Medicaid plans: Optum Ventures, CVS Ventures, Anthem Inc., and HLM Venture Partners (on behalf of Centene Corp.). These organizations collectively serve nearly 60% of all Americans receiving home and community-based services. CareBridge had expanded its services to approximately 115,000 patients across 13 states and the District of Columbia. The company collaborates with home care and home health companies that utilize CareBridge's electronic visit verification and session-data tools.