In which sector is your company most closely aligned?
What does your company do?
TCARE reduces long-term-care claims for Medicaid & Life/LTC insurance carriers by providing an evidence-based family caregiver support program thus delaying/preventing nursing home placement. TCARE’s clients include State Government, Medicaid Payers and Life/LTC Carriers. In a two-year pilot, TCARE was proven to save $20M in Washington States Medicaid budget by delaying nursing home placement by an average of 21-months and reducing Medicaid LTSS claims by 20%. TCARE is the only evidence-based, Medicaid-approved and HHS-accredited family caregiver support program in the country. TCARE’s unique outcomes have led TCARE to become legislatively mandated in Washington State. To-date TCARE has served over 100,000 family caregivers across 22 states. TCARE’s clients include Anthem, UnitedHealthcare, Molina, Cigna, Prudential, BlueCross BlueShield of MN, Washington State Dept. of Health, Alaska Dept. of Health, and Colorado Dept. of Health.
How long has your company had a presence in St. Louis?
What makes the St. Louis region an ideal home for your company/organization? Why do you choose to operate your business here?
Access to talent, insurance innovators ecosystem.
What has been the most valuable resource (person, tool, organization) for helping your company grow? How did you find it? How do you utilize it?
Arch Grants. Arch Grants has helped TCARE with access to talent, access to clients and access to investors.
What advice would you give new tech companies that are trying to navigate the current market?
Stay true to your mission. The days of growing at all costs has ended, and its now all about efficiency.
What new practice or policy did you put into place over the pandemic that has positively impacted your company?
Mission first, staying true to our customers needs.
Tell us about the next big thing in your technology sector. How will this affect your business?
The advancement of consumer engagement in digital healthcare is here and TCARE is fully taking advantage of this advancement.
What is the accomplishment you are most proud to share from 2022?
In 2022, TCARE added a superstar roster of new team members to the company. Additionally, TCARE closed a $17.5 Million Series A financing round.