Carebridge was founded in 2019 by Brad Smith and former Tennessee Senator Bill Frist. This pair of friends wanted to tackle the biggest challenge for those on Medicare and Medicaid; delivering better care for the money.
CareBridge uses a two-way tablet that sends messages to caregivers from patients. This tablet also monitors health signals and connects the patient with appropriate services, 24 hours a day.
CareBridge’s impressive performance attracted significant attention, leading to participation from the owners of four major managed Medicaid plans in its $140 million Series B funding round last year. Elevance Health (formerly Anthem), UnitedHealthcare, Centene, and Aetna CVS all contributed to the funding, contributing to CareBridge’s valuation surpassing $2 billion.
These prominent health insurers, often referred to as payers, not only invested in the company but also emerged as its primary customers. Leveraging their support, CareBridge is expanding its presence into 30 states where it has secured Medicaid contracts.
Carebridge is listed as 31 on the 2023 Inc. 5000 list of Fastest-Growing Companies in America with a three-year growth rate of 157,144 percent, Carebridge blows away the competition.
The company began with funding from Google, in a first-of-its-kind support.
Carebridge maintains a corporate office in Nashville, Tennessee.
Carebridge was founded in 2019 by Brad Smith and former Tennessee Senator Bill Frist. This pair of friends wanted to tackle the biggest challenge for those on Medicare and Medicaid; delivering better care for the money.
CareBridge uses a two-way tablet that sends messages to caregivers from patients. This tablet also monitors health signals and connects the patient with appropriate services, 24 hours a day.
CareBridge’s impressive performance attracted significant attention, leading to participation from the owners of four major managed Medicaid plans in its $140 million Series B funding round last year. Elevance Health (formerly Anthem), UnitedHealthcare, Centene, and Aetna CVS all contributed to the funding, contributing to CareBridge’s valuation surpassing $2 billion.
History
These prominent health insurers, often referred to as payers, not only invested in the company but also emerged as its primary customers. Leveraging their support, CareBridge is expanding its presence into 30 states where it has secured Medicaid contracts.
Carebridge is listed as 31 on the 2023 Inc. 5000 list of Fastest-Growing Companies in America with a three-year growth rate of 157,144 percent, Carebridge blows away the competition.
The company began with funding from Google, in a first-of-its-kind support.
Carebridge maintains a corporate office in Nashville, Tennessee.