McKesson Ventures invests in ClearCare and its digital home care offering

By Aditi Pai
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ClearCareClearCare has raised an undisclosed amount from McKesson Ventures for its cloud-based home care platform. The company has previously raised $15.5 million. ClearCare raised a seed round in November 2012.

Existing investors include Bessemer Venture Partners, Cambia Health Solutions, Voyager Capital, Qualcomm Ventures, and Harbor Pacific Capital. 

“With the rapidly aging baby boomer generation entering retirement years, improving the quality of home care is more important than ever,” ClearCare CEO Geoffrey Nudd said in a statement. “We’re excited to be the bridge connecting home care to the larger healthcare system. With McKesson’s investment, our organizations can work together to achieve that vision.”

The company's platform enables home care facilities to manage caregivers and patients. Features include matching clients with nearby caregivers and filling shifts if a caregiver cancels, texting and emailing caregivers reminding them of shift duties, and creating care plans for caregivers to use. The system also provides home care facilities with administrative features, like billing and payroll.

ClearCare works with four of the top five national home care enterprises, the company said. Facilities that use ClearCare manage 250,000 caregivers and 150,000 seniors. ClearCare is also currently working with Harvard on a three-year study to improve measurability of care outcomes.

“Given the shift toward value-based payments, it is more important than ever to cost-effectively support and monitor patients the 360 days they are outside the provider’s office," McKesson Ventures SVP and Managing Director Tom Rodgers said in a statement. "We see a significant growth opportunity in finally connecting consumer-sponsored at-home care with the traditional healthcare delivery system for better patient coordination. We see ClearCare as the strongest and most broadly utilized platform on the market – for customers small or large – to enable high-quality services in the home and track clinical data on each individual’s health status.”

Earlier this year, McKesson Ventures invested in Carena's $13.3 million round. Carena has developed a video visit offering, which they describe as a virtual clinic. The offering is designed to help extend health systems’ services. Patients can request physician visits via phone or the web. Visits typically last 20 minutes.