Dada Home Care (CDPAS FI) Company Profile

Background

Overview

Dada Home Care, officially known as Family Wellness Program, LLC, is a Medicaid-approved home care agency based in Bronx, New York. Established in 2016, the company specializes in the Consumer Directed Personal Assistance Program (CDPAP), enabling individuals to select their own caregivers, including family members or friends, to provide in-home care services.

Mission and Vision

Dada Home Care's mission is to empower seniors and individuals with disabilities to receive personalized care in the comfort of their homes by choosing caregivers they trust. The company's vision is to revolutionize home care by promoting independence, quality time with loved ones, and safer health outcomes through the CDPAP model.

Industry Significance

Operating within the home health care services industry, Dada Home Care plays a pivotal role in New York's Medicaid program by facilitating the CDPAP, which offers recipients greater autonomy and satisfaction in their care arrangements.

Key Strategic Focus

Core Objectives

Empowerment: Allow clients to choose their caregivers, fostering trust and comfort.

Quality Care: Ensure high standards of in-home care tailored to individual needs.

Expansion: Extend services across all 62 New York counties to reach a broader client base.

Areas of Specialization

CDPAP Facilitation: Act as a Fiscal Intermediary to manage caregiver payments and benefits.

Home Health Services: Provide a range of in-home care services, including personal assistance and health monitoring.

Key Technologies Utilized

Digital Platforms: Utilize online portals for caregiver management and client communication.

Mobile Applications: Offer apps for caregivers and clients to track schedules, payments, and care plans.

Primary Markets

Geographic Focus: Serving all 62 counties in New York State, with multiple locations in the Bronx, Brooklyn, Manhattan, Westchester County, and Buffalo.

Target Demographics: Seniors and individuals with disabilities requiring in-home care services.

Financials and Funding

Funding History

Specific details regarding Dada Home Care's funding history, total funds raised, recent funding rounds, and notable investors are not publicly disclosed.

Intended Utilization of Capital

While exact plans are not specified, capital is likely allocated towards expanding service coverage, enhancing technological infrastructure, and improving caregiver training programs.

Pipeline Development

Key Pipeline Candidates

As a service-oriented company, Dada Home Care does not have a product pipeline. Instead, its focus is on expanding and enhancing its service offerings to meet the growing demand for personalized in-home care.

Anticipated Milestones

Service Expansion: Increase the number of locations and caregivers to serve a larger client base.

Technological Enhancements: Implement advanced digital tools for better caregiver-client coordination.

Technological Platform and Innovation

Proprietary Technologies

Caregiver Management System: A proprietary platform for scheduling, payroll, and communication between caregivers and clients.

Significant Scientific Methods

Data Analytics: Utilize data to monitor care quality and client satisfaction, informing service improvements.

Leadership Team

Executive Profiles

Syed Hayat – Chief Executive Officer (CEO): With a background in nursing and political science, Syed has led Dada Home Care since its inception, focusing on strategic growth and operational excellence.

Andrew Chowdhury – Chief Operating Officer (COO): Andrew joined in December 2020, bringing experience from BDS Connected Solutions, LLC, to streamline operations and enhance service delivery.

Competitor Profile

Market Insights and Dynamics

The home health care industry in New York is experiencing growth due to an aging population and increased demand for in-home care services. The CDPAP model is gaining traction, offering clients more control over their care.

Competitor Analysis

Trusted Choice Homecare: Operating since 2016, this Buffalo-based company serves as a Fiscal Intermediary for CDPAP, with 51-200 employees.

Pella Care CDPAS: Established in 2015, Pella Care serves 42 counties in New York, offering CDPAP services and emphasizing personalized care.

Strategic Collaborations and Partnerships

Dada Home Care collaborates with Medicaid to facilitate the CDPAP, ensuring clients receive appropriate funding and support for their chosen caregivers.

Operational Insights

Strategic Considerations

Market Position: Dada Home Care holds a strong position in New York, with multiple locations and a growing client base.

Competitive Advantages: The ability to offer clients the choice of their caregivers, including family and friends, sets Dada Home Care apart from traditional home care agencies.