|
| Thursday, 11 July 2013, 20:00 HKT/SGT | |
| |  | |
Source: Caremerge | |
|
|
|
|
| Caremerge is Revolutionizing Communication and Care Coordination for Senior Healthcare |
CHICAGO, IL, July 11, 2013 - (ACN Newswire) - Caremerge, a Chicago based health tech company that simplifies communication and care coordination with its mobile/web solutions, has raised $2.1 Million in Series A Funding.
The investment was led by the successful and well-known European entrepreneur, real-estate developer and art collector, Grazyna Kulczyk of Poland, with participation from another Switzerland-based investor. Athena Heritage, a Swiss Financial Management company provided advisory services to the investors, and Privity FZ LLE, a U.A.E based company, played a key role in the transaction.
The announcement comes as Chicago Mayor Rahm Emanuel and 1871 bring news that Chicago based emerging companies, including Caremerge, have received necessary funds to fuel their growth while creating jobs and playing an important role in the overall economic development for the region. "I congratulate Caremerge on its latest round of funding. 1871 is a hotbed of innovation, producing great companies around Chicago, and I look forward to continued great accomplishments," said Chicago's Mayor Rahm Emanuel.
Caremerge's immediate focus is on solving the care coordination challenges facing senior care providers. The company's HIPAA compliant and secure mobile/web apps allow care providers to quickly capture, chart and share seniors' information with families and outside stakeholders such as ACOs, MCOs, hospitals, and physicians. This user-friendly technology replaces the ever-increasing volume of papers, phone tags, voicemails and faxes with simple, effective tools and automated reminders that improve communication, accelerate decision making, and increase accountability among all involved care providers.
Caremerge is strategically positioned to play a key role in resolving many of the challenges facing the U.S. and worldwide aging population. Each day, approximately 10,000 people in the U.S. turn 65 and enroll in Medicare, and continue to deal with the issues and complexities of long term care. Realizing that healthcare coordination in the U.S. and around the world was in a state of crisis, Asif Khan, launched Caremerge to provide vital solutions for senior care.
"Today, long term care is challenged with increasing regulations, high staff turnover, reduced reimbursements and lower profit margins," says Khan. "Most people believe that the long-term care industry is slow to adopting technology. At caremerge, we beg to differ and believe that until now technology hasn't adopted to the unique challenges and workflows of long-term care."
Caremerge, founded in 2010, continues to flourish in the senior care industry while building strategic relationships with many healthcare providers and technology vendors in this space. One of the most significant ones came into fruition in April 2013, when Caremerge was selected by GE and StartupHealth in a Health Growth Acceleration program. It also recently formed a commercial partnership with InnovateLTC - a hub for commercializing innovation in the aging space.
Additionally, Caremerge has received multiple awards and recognition in the industry:
- July 2012 - "The Most Innovative Company in Long Term Care" awarded by InnovateLTC and Link Conference.
- February 2013 - won the "Best Mobile App" award at the 2013 Boomer Summit.
- May 2013 - selected as a Finalist at the AARP Health Innovation@50+ Live Pitch.
The Caremerge team plans to use this new round of funding to accelerate its expansion and improve its care coordination platform.
Contact:
Asif Khan
Caremerge
asif@caremerge.com
+1-312-608-6101
Topic: Investment
Source: Caremerge
Sectors: Healthcare & Pharm
http://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
Latest Press Releases
MHI Thermal Systems Receives Order for Large-scale Centrifugal Chillers from Empower for its District Cooling Plants in Dubai, UAE 
Friday, October 18, 2024 10:20:00 AM
|
|
|
Fujitsu and Teikyo University begin joint research on UX platform for promotion of lifestyle improvement using XR, spatial computing, and generative AI
Friday, October 18, 2024 9:38:00 AM
|
|
|
DPC Dash - Domino's Pizza China Drives Sales and Profit Growth and Optimizes Shareholder Structure
Oct 18, 2024 07:00 HKT/SGT
|
|
|
TANAKA to Provide Medals Representing the Event Concept with a Design of Gently Curved Circular Expansion for the Tokyo Legacy Half Marathon 2024
Friday, October 18, 2024 2:00:00 AM
|
|
|
Participation in the Multilateral System Remains High as Performance Drops, New Index Finds
Oct 18, 2024 01:00 HKT/SGT
|
|
|
Join the Top 1% of Web3: VAP Group Presents Global Blockchain Show in Dubai
Oct 17, 2024 23:00 HKT/SGT
|
|
|
Learn & Get Inspired at the Global STEM Confex
Oct 17, 2024 22:26 HKT/SGT
|
|
|
Moolec Has Received USDA Approval for the First Genetically Modified Pea in History
Oct 17, 2024 22:00 HKT/SGT
|
|
|
Embracing the Future of Manufacturing with the 26th Edition of the South Africa Manufacturing Show
Oct 17, 2024 22:00 HKT/SGT
|
|
|
Athos Announces Positive Topline Phase 1 Data for its AI-Generated, Novel, Oral G9A Inhibitor ATH-063, Demonstrating Selective Expansion and Activation of Potent Anti-Inflammatory Regulatory T Cells
Oct 17, 2024 21:00 HKT/SGT
|
|
|
|
|
More Press release >> |
|
 |
|
|
|
|
 |
|
