# CareAdvisors

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/careadvisors

- Industry: Software
- Headquarters: Chicago, US
- Website: www.care-advisors.com
- Latest round: Seed (Sep 15, 2020)
- Investors on record: 4

## About

CareAdvisors is a US-based company specializing in automating social care management services, ensuring seamless integration of government and community-based benefits into healthcare systems for improved patient outcomes.CareAdvisors focuses on enhancing social care management through technology solutions. Founded in Chicago, US, CareAdvisors has raised funding through multiple rounds, including a venture debt funding in February 2021 from Plug and Play Ventures. The company is led by CEO Chris G and has completed a total of 4 deals to date.CareAdvisors specializes in the automation of social care management services, focusing on the seamless integration of government benefits and community-based services into healthcare settings. The company’s core offerings include a Social Care Automation tool designed to facilitate rapid enrollment of patients into essential social service programs such as Medicaid and SNAP, thereby addressing various social care needs. Their technology enhances the efficiency of hospitals and clinical social workers in connecting patients with valuable resources, while enabling health plans to focus on preventive care and reduce overutilization of services. CareAdvisors primarily serves hospitals, health plans, and community-based organizations (CBOs) across the United States, leveraging its innovative solutions to meet the specific social needs of vulnerable populations.CareAdvisors generates revenue through B2B partnerships primarily with hospitals, health plans, and community-based organizations, focusing on improving patient access to social service benefits. The company’s revenue model includes transaction-based fees associated with their flagship products such as the Active Payments solution, which aids in identifying high-risk patients for enrollment in care coordination programs. These transactions are structured around performance-based metrics, where clients benefit from enhanced revenue streams derived from value-based payments linked to patient outcomes. By maintaining client relationships through ongoing subscription services and support, CareAdvisors ensures continuity in their service delivery, aligning financial incentives with improved health outcomes for the populations served.In February 2021, CareAdvisors raised an undisclosed amount of venture debt funding from new investor Plug and Play Ventures. The company plans to utilize this funding to accelerate the development of new products aimed at enhancing its social care automation services. Additionally, CareAdvisors is targeting expansion into new geographic regions, including further penetration into metropolitan areas across the US by the end of 2023, to broaden its impact on vulnerable populations.

## Funding rounds

- Seed, Sep 15, 2020 — DreamIt Ventures, Squadra Ventures, Chingona Ventures
- Seed, Sep 20, 2016 — StartUp Health

## Investors

- StartUp Health (https://capitalatlas.ai/funds/startup-health) — Seed
- DreamIt Ventures (https://capitalatlas.ai/funds/dreamit-ventures) — Seed
- Squadra Ventures (https://capitalatlas.ai/funds/squadra-ventures) — Seed
- Chingona Ventures (https://capitalatlas.ai/funds/chingona-ventures) — Seed