CoreCare, Inc.

CoreCare, Inc. is a technology firm specializing in integrated workflow solutions for long-term care facilities, focusing on enhancing operational efficiency and compliance within the healthcare sector. Founded in 2019 in Fort Worth, US, CoreCare, Inc. provides software solutions tailored for long-term care providers.

The company was established by Dennis Antonelos, Geoffrey Roguelon, Mehrdad Shafaie, and Ramon de Jonge. CoreCare has successfully raised USD 3. 00 mn in Seed funding as of October 29, 2020, with participation from investors such as FundersClub, Primetime Partners, Goat Capital, and Liquid 2 Ventures. CoreCare offers an integrated workflow platform specifically designed for long-term care (LTC) facilities.

The company's primary products include CoreCare Pre-Admit, CoreCare Admit, CoreCare Clinical, and CoreCare Revenue, all of which work collaboratively to enhance revenue cycle management and improve compliance within skilled nursing facilities (SNFs). CoreCare Pre-Admit uses AI-powered clinical and financial verifications to streamline the referral process at the bedside, ensuring compliance and readiness for revenue generation. CoreCare Admit centralizes admission workflows by managing essential documents like PASRR forms and Medicaid applications, while CoreCare Clinical automates the tracking of MDS assessments and clinical data to facilitate accurate billing. CoreCare Revenue further enhances operational efficiency by automating eligibility checks and monitoring compliance, significantly benefiting over 600 nursing homes across ten states in the United States.

CoreCare's revenue model primarily revolves around subscription-based access to its suite of workflow solutions tailored for LTC providers. Clients, predominantly skilled nursing facilities, enter into partnerships with the company to utilize its software products, paying for services that streamline their operations and improve cash flow. The transactions typically involve tiered pricing plans based on the size of the facility and the specific products utilized, allowing SNFs to select services that best meet their operational needs. CoreCare’s flagship solutions, such as CoreCare Revenue and CoreCare Admit, serve as critical components of these transactions, offering functionality that enhances billing accuracy and compliance assurance.

Through these structured transactions, CoreCare effectively supports its clients in navigating the complexities of revenue cycles in the long-term care industry. CoreCare plans to leverage the recent USD 3. 00 mn Seed funding raised in October 2020 to further develop its offerings and expand its market reach. The company is focused on launching new products designed to enhance the user experience and operational capabilities for long-term care facilities.

Additionally, CoreCare aims to expand its presence into new geographic regions, targeting broader markets across the United States by the end of 2022. These initiatives are expected to strengthen CoreCare’s position within the long-term care sector, ensuring compliance and improving revenue management for its clients.