TCARE Inc. Named to the 2022 CBInsights’ Digital Health 150 List
TCARE Inc. recognized for achievements in health technology
NEW YORK, December 7, 2022 -- CB Insights today named TCARE Inc. to its fourth-annual Digital Health 150, showcasing the 150 most promising private digital health companies of 2022.
"From reimagining clinical care, to leveraging tech like AR/VR to improve surgical training, this year’s Digital Health 150 winners are transforming the future of healthcare with digital technology,” said Brian Lee, SVP of CB Insights’ Intelligence Unit. “This increasingly global cohort, representing more than 18 countries across five continents, is not only driving better patient outcomes, but making healthcare more accessible. We are excited to follow the meaningful impact and continued success of this year’s winners.”
“We are honored to be recognized among these great innovators in digital health as we strive to reduce burnout among family caregivers," said Ali Ahmadi, CEO of TCARE. "This award provides validation of the digital innovation risks that TCARE took in 2022, along with encouragement to continue to push the boundaries in 2023.”
Utilizing the CB Insights platform, the research team selected these 150 winners from a pool of over 13,000 private companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 3,000 Analyst Briefings submitted by applicants.
The TCARE technology platform identifies the root cause of a caregiver’s burnout, based on its proprietary protocol. This protocol allows the digital solution, in collaboration with a Certified/Licensed CareManager, to suggest the most effective tailored intervention specific to where that caregiver is in their own unique family circumstances and situations. By measuring the outcome of each intervention, TCARE calculates the clinical and financial ROI associated with each intervention.
Quick facts on the 2022 DigitalHealth 150:
● Equity funding and deals: Since 2017, this year's DigitalHealth 150 winners have raised around $5.6B in equity funding across 378 deals.This includes approximately $1.6B raised across 85 deals in 2022 YTD alone.
● Unicorns: This year's list includes only 5 unicorns with a $1B+valuation, around 3% of the total list. For comparison, last year's list contained 17. This tracks with a broader drop in new unicorns across sectors in 2022
● Global Reach: Winners in this year'sDigital Health 150 span 18 countries across 5 continents. A quarter (25%) are headquartered outside of the US — the most in the history of our list. While the US still leads, the UK comes in second with 9 winners, followed by Canada with 5 and Brazil with 3.
About CB Insights
CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CBInsights. To learn more, please visit www.cbinsights.com.
About TCARE, Inc
TCARE's technology is an award-winning, evidence-based family caregiver support solution that uses precision targeting and mapping of resources to reduce family caregiver burnout. TCARE's technology comprises state-of-the-art intelligent machine learning models, data prediction models, and analytics that pull Social Determinants of Health (SDOH) data, creating innovative LTSS and LTC population health risk management solutions.
To learn more, please visit www.tcare.ai