CoreCare

CoreCare's Industry Standing

CoreCare operates within the healthcare industry, specifically focusing on healthcare IT. The company has carved a niche in providing Medicaid Advantage platforms tailored for long-term care (LTC) facilities. With a unique proposition of faster approvals, reduced risk, and boosted cash flow, CoreCare is lauded as the #1 Integrated Workflow Platform for LTC. The platform is marketed as a solution that significantly improves operational efficiency, helping over 600 nursing homes across 10 states say goodbye to spreadsheets and streamline their operations.

CoreCare's Products and Services

CoreCare offers a suite of products designed to manage billing and payments from public health benefit providers. Their software ensures faster reimbursements and minimizes write-offs, a crucial service for Ohio nursing homes. The platform automates workflows to eliminate manual processes, integrates administrative patient data from various systems into an Enterprise Data Warehouse, and ensures compliance with timely filing. Key features include Medicaid pending & renewals management, resident forms, clean billing, and automatic monitoring of benefits and eligibility, all of which contribute to a significant return on investment by improving team productivity and cash flow.

CoreCare's Compliance and Security

CoreCare is HIPAA compliant, ensuring that all patient data is handled with the highest level of security and confidentiality. The platform integrates securely with existing Electronic Health Records (EHR/EMRs) and State Medicaid systems, providing seamless and secure data management. This compliance is crucial for maintaining trust with their clients and ensuring that all operations meet stringent healthcare regulations.

CoreCare's Funding and Growth

CoreCare has raised $3 million to support its mission of managing billing and payments from public health benefit providers. This funding has enabled the company to expand its services, particularly in Ohio nursing homes where it helps speed up reimbursements and minimize write-offs. The company’s inclusion in the Y-Combinator S20 batch underscores its potential and the confidence investors have in its innovative approach to healthcare IT.

CoreCare's Impact on Long-Term Care

CoreCare significantly impacts the long-term care sector by streamlining the process of establishing and maintaining Medicaid eligibility. The platform helps avoid lapsed benefits and ensures compliance with timely filing, which is crucial for LTC facilities. By automatically identifying errors, missing information, and changes in resident benefits and eligibility, CoreCare shortens the time on Medicaid pending by up to 50% and eliminates up to 99% of missed renewals and forms. These efficiencies translate to thousands of hours saved per year, providing LTC teams with unprecedented visibility and tracking of mission-critical workflows.