KARE is a digital labor platform that connects caregivers, nurses, and hospitality staff with senior care communities and nursing homes. Founded in 2019 and headquartered in Houston, Texas, KARE aims to empower post-acute caregivers by offering flexible work opportunities while enabling senior care facilities to reduce operational costs.
Key Strategic Focus
KARE's primary objective is to address labor shortages in the senior care industry by providing a platform where caregivers can manage their schedules and earn additional income. The platform allows senior care communities to post open shifts, which caregivers can accept, thereby reducing reliance on costly staffing agencies and overtime wages.
Financials and Funding
As of August 2021, KARE has raised a total of $7.9 million in funding. The latest funding round, a Series A, amounted to $7.85 million. Notable investors include DayBach Investments, Bridge Investment Group, Golden Section, and Third Act Ventures.
Technological Platform and Innovation
KARE utilizes a proprietary digital platform that integrates with electronic health records (EHR) systems, streamlining operations and ensuring compliance for senior care facilities. The platform's user-friendly interface allows caregivers to manage their schedules efficiently, while facilities can post and fill shifts seamlessly.
Leadership Team
- Charles Turner: Co-Founder & Chief Executive Officer
- Frank Eaves: Chief Financial Officer
- Bridget Kaselak: Co-Founder, Co-Chief Growth Officer, and Chief Operating Officer
- Cheryl Crooks: Chief Strategy Officer
- Stephanie Kolbo: Co-Chief Growth Officer
These leaders bring extensive experience in healthcare services, technology, and business development, driving KARE's mission to revolutionize staffing in the senior care industry.
Competitor Profile
Market Insights and Dynamics: The senior care industry faces significant challenges related to staffing shortages and high operational costs. Digital labor platforms like KARE are emerging to address these issues by offering flexible staffing solutions.
Competitor Analysis: Key competitors include:
- NurseDash: A venture capital-backed company based in Houston, Texas, providing a platform for healthcare staffing.
- IntelyCare: Headquartered in Quincy, Massachusetts, offering a similar platform for nursing professionals.
- BookJane: A private equity-backed company in Toronto, Canada, focusing on healthcare staffing solutions.
These competitors offer platforms that connect healthcare facilities with qualified professionals, aiming to alleviate staffing challenges in the industry.
Strategic Collaborations and Partnerships
KARE has established partnerships with various senior care communities, including skilled nursing facilities, assisted living communities, memory care centers, and rehabilitation facilities. The platform's integration with EHR systems enhances operational efficiency and compliance for these partners.
Operational Insights
KARE's platform offers a distinct competitive advantage by providing a flexible, efficient, and cost-effective solution to staffing challenges in the senior care industry. By enabling caregivers to manage their schedules and facilities to fill shifts seamlessly, KARE addresses critical pain points in the market.
Strategic Opportunities and Future Directions
KARE is poised for growth by expanding its platform to additional markets and enhancing its technological capabilities. Future initiatives may include further integration with healthcare systems, development of advanced analytics for workforce management, and expansion into related sectors within the healthcare industry.
Contact Information
- Website: doyoukare.com
- LinkedIn: KARE on LinkedIn
For more information, visit KARE's official website or LinkedIn profile.
