Smartcare Software Raises Additional Venture Investment
to Accelerate Growth
Smartcare Software, the leading cloud-based point-of-care platform for home care providers, announced today additional venture investment to continue to advance its technology that improves caregiver/client outcomes.
Eau Claire, WI, July 6, 2020 – Smartcare Software, inc., today announced the completion of its latest funding round led by the Idea Fund and Rock River Capital with participation from Pablo Capital, MUKC Fund I, and the Chippewa Valley Angels Investment Network.
The additional investment will further support Smartcare’s transformative home care software platform as the company continues its market expansion with its leadership role in caregiver engagement.
“We are passionate about empowering home care providers with more strategic, proactive, and productive tools to help them improve healthcare outcomes,” said Scott Zielski, CEO of Smartcare Software. “We are thrilled by the overwhelming support we have seen for Smartcare and the acknowledgement by our new financial partners of the opportunity before us. This funding will further accelerate our growth and drive continued investment in our innovative platform solutions that improve the quality of home care.”
Smartcare is bringing innovation to the home care market with Smartcare’s cloud-based (SaaS) end-to-end home care business automation solutions allowing providers to manage their entire business operations from any device.
Using Smartcare’s real-time insights home care agencies are better serving their clients and caregivers, improving the overall home care engagement as well as both client and caregiver satisfaction.
“Smartcare has had impressive traction in the home care market, solving some of the biggest provider challenges with new ideas and unique software solutions,” said Chris Eckstrom, Partner at Rock River Capital. “Smartcare is well-positioned to transform the home care industry right as the demand for care is growing exponentially offering a powerful technology platform to enable the delivery of better care.”
“Home care is being recognized as the key to lowering the overall cost of healthcare while simultaneously ensuring better quality and improved outcomes. We are pleased to be part of Smartcare’s vision of improving home care through one-of-a-kind client and caregiver engagement experiences.”
The COVID-19 outbreak has proven that home is the safest place to be, especially for aging seniors. This past March Smartcare was quick to release its COVID-19 Toolset. Available at no cost to all established home care agencies, the COVID-19 Toolset houses functionality to monitor, manage and minimize exposure risk, and improve safety through safety checks, reminders and tracking tools for caregivers, clients and their family members.
“The COVID-19 outbreak disrupted care for our aging population. We saw a need where our company could quickly help the entire home care community, with a technology solution that we have made available to everyone,” commented Scott Zielski, “We’re fundamentally changing the way home care providers will advance their home care businesses with machine learning and automation that delivers improved caregiver retention, better patient outcomes, and helps reduce hospital readmissions and prevents never events.”
“Before COVID-19 Smartcare was already delivering double-digit increases in staff productivity and reducing costs while enabling higher caregiver retention and better overall job satisfaction,” said Jennifer Pierce, Team Love, Lake Geneva, WI. “Now, Smartcare’s platform is helping us address the pandemic with tools that have helped as we have shifted our back-office team to working remotely while allowing us to better monitor and connect with our caregivers as they work with clients and their families in their homes. Their App has enabled us to advance our response, quickly engaging our clients and caregivers to help increase safety and provide better care.”
Smartcare uses technology to organize, optimize, and drive best practices for agencies and providers delivering care within the home while improving outcomes and satisfaction. The system is a fully integrated caregiver, financial, and business intelligence solution that provides tools to help build and track new clients, manage homecare operations and ensure compliance and care quality for home care providers, caregivers and agency leadership.
For more information about Smartcare Software go to https://smartcaresoftware.com
About Smartcare Software, inc.
Headquartered in Eau Claire, WI, Smartcare Software was founded by former healthcare technology and home care professionals. Smartcare Software is a complete SaaS business automation and point of care platform for home care and healthcare providers.
Smartcare solutions drive the best practices in care and increase the engagement of caregivers, their patients and the patient’s family members leading to improved outcomes and increased satisfaction.
Smartcare leverages the latest technology including digital, AI, and interoperability to enable providers to organize, optimize and simplify care delivery while saving time and improving outcomes. Smartcare manages the entire home care continuum, organizing care provider operations, gathering insights from home care data, and delivers predictive analytics to reduce re-admissions and improve patient/client outcomes.
Smartcare Software recognized by Healthcare Tech Outlook as a Top 10 Home Healthcare Provider for 2020.
About Idea Fund of La Crosse
The Idea Fund of La Crosse was established in 2016 to invest in early-stage startup companies and currently has $13M under management. The fund targets Wisconsin-based startups that are either pre-revenue or early-stage revenue diversified across sectors. The fund seeks to partner with highly skilled founders and provides support from initial investment through company exit.
About Rock River Capital Partners
Rock River Capital Partners invest in early-stage companies whose products fit a market need and have disruptive technology with high growth potential. Typically, Rock River Capital Partners look for earlier-stage companies where they can partner with entrepreneurs to best provide value to the companies and accelerate growth.
Initial investments typically are between $250,000 and $1 million with additional capital reserved for follow-on rounds. Rock River Capital Partners will look to partner with other local and national venture capital firms to provide follow-on capital and expertise.
| FOR IMMEDIATE RELEASE – JULY 6TH, 2020 | |
| For further information contact: Jarica Steinke, Smartcare Software, inc. 1-715-227-3768 jarica.steinke@smartcaresoftware.com |