KareCall

KareCall is a health-tech company. It's created an artificial intelligence-based caregiver.

Its virtual caregiver assists home healthcare providers by calling patients and having a lifelike telephone conversation with them about their health.

If its technology "hears" a response that raises a concern, it alerts a real person at the healthcare agency.

As KareCall says, “All your patient needs is a phone.”

According to a recent article from Crunchbase, an online resource for private equity, start-ups serving the elderly are "Tech's next big market."

At the same time, the health-tech industry has experienced significant M&A activity:

For example, in June 2017, Teledoc acquired Best Doctors, a virtual medical consultation company, for $440 million; and in October 2017, health software company Welltok acquired Tea Leaves, a health analytics company, for $83 million.

According to Pew Research Center, 10,000 people reach the "senior” age group each day — meaning they reach age 65. And according to a 2016 study by the U.S. Department of Health and Human Services, more than half will eventually need some form of long-term care.

Increasingly, seniors are looking to remain in their homes as they age, giving rise to home healthcare services. In fact, private home care is a $32 billion industry.

KareCall’s HIPPA-compliant platform was designed to supplement home healthcare agencies. Here’s how it works:

Agencies use KareCall to reach out to patients via a 2-minute phone call.

During the call, KareCall’s platform uses a combination of voice recognition technology and what’s called Branching Logic conversations to interview patients and assess ongoing health issues. These issues include diabetes, cardiac issues, and COPD.

KareCall asks simple questions in a conversational manner to gather info about a patient’s well-being. No smartphone, training, or special hardware is required for either the agency or the patient.

As aging in-home patients require more attention, patients and family members can be reluctant to add costly caregiver services. KareCall enables an agency to extend its service to patients without adding in-home hours.

The technology that powers KareCall has already been developed, and has been used in large hospitals for more than 10 years.

Now KareCall is licensing this proven technology under an exclusive agreement for the "Private Pay Home Health Care Industry."

With funds raised, KareCall will hire a sales team to start selling its services to home care agencies.

Team Background

Peter Hubshman - CFO & COO

Peter brings 25 years of operations and management experience to KareCall.

He was a founding team member of First Atlantic Capital, a financial start-up that was acquired by Berry Plastics in 1989.

For more than seven years, he served as Senior Consultant for Finance and Strategy for Always Live Online, a business marketing company.

He previously served as CEO of Internet Real Estate Group, where he was responsible for the acquisition and sale of Internet domain names including CreditCards.com, Phone.com, and Luggage.com.

Peter earned a Bachelor’s degree in Economics from Tufts University and a Master’s in Business and Management from Yale.

Jeff Chaskin - Founder & CEO

Jeff has more than 35 years of experience in the health care and telecommunications markets.

He was formerly Director of Operations and Marketing for BrightStar Care, a home health care provider.

For eight years, he served as an independent consultant offering start-up advice to companies in the home health care and pharmaceutical industries.

Jeff previously served as an operating partner for Fusion Batteries, a company manufacturing battery packs for the hobby industry. In two years, he captured 40% of the market and eventually sold the company to a competitor in 2007.

He previously founded Ursus Telecom, a telecommunications company that went public on the NASDAQ stock exchange.

He earned a degree in Engineering from Skyline College.

Co-Investors