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CareScout

carescout.com

Founded Year

1997

Stage

Acquired | Acquired

Valuation

$0000 

About CareScout

CareScout was a Business Products & Services company based in Wellesley, Massachusetts. CareScout was acquired in 2008.

Headquarters Location

34 Washington Street Suite 310

Wellesley, Massachusetts, 02481,

United States

781-431-7033

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Latest CareScout News

Long-Term Care Entrepreneur Tim Peck Launches New Venture Within Genworth

Oct 11, 2022

Long-Term Care Entrepreneur Tim Peck Launches New Venture Within Genworth Tim Peck – a serial entrepreneur in the senior services space – has a new venture. What’s specifically of note about this one: It’s being launched within the massive long-term care company Genworth (NYSE: GNW). Dubbed CareScout, the new startup is a wholly owned Genworth subsidiary that will operate within a “care solutions” segment. The company is set to provide clinical assessments and caregiver support services. But more than that, it wants to be a care navigator for seniors in the U.S. Advertisement The New York-based CareScout came out of stealth Tuesday, with Peck unveiling his new venture on LinkedIn. Given that it is launching within a public company that’s nearing its third-quarter earnings period, financial details on the venture are still mostly unknown at this point. “We’re creating a platform really for our own policyholders, but also other users,” Peck told Home Health Care News. “It’s for those aging and their family members, to find everything that they might need for their long-term care journey. We will leverage the scope, scale, expertise and experience of Genworth to be able to match these users to long-term care providers, who will join a network that can assure quality to our users.” Initially, CareScout will work with Genworth members on this initiative. Eventually, it will also go direct to consumer with its model outside of the Genworth network. Advertisement The idea was conceived by Peck, but Genworth was also looking to work on a similar platform. That created a relationship that eventually became CareScout. “I don’t have the leverage to build a business from the ground up and ask for quality from anybody,” Peck said. “But Genworth very much has that ability.” The advantage that CareScout immediately has is that Genworth network. Both Peck and Genworth agree that care navigation for U.S. seniors is too difficult, too burdensome and too confusing. As CareScout tries to solve that, it has a swath of data from Genworth to find out what the biggest pain points are. In addition to consumers, CareScout will also be working with provider partners across the continuum of care, from home health providers and assisted living organizations, to skilled nursing facilities (SNFs) and others. The company will acknowledge all long-term care providers on its network, but a select group will be providers that have partnered with CareScout and can guarantee a certain level of quality. “We have partnered and are looking for partners,” Peck said. “We are looking for partners in every category of the long-term care space. And not just providers, but also those dealing with transportation, with food delivery and nutrition, with loneliness and isolation, with grief counseling, etc. Everything you might need will be there through partnerships.” The CareScout platform will eventually be available nationwide, but at first, it will be rolled out in certain markets. Peck could not comment on which markets those will be. A new long-term care venture Peck’s reason for launching CareScout comes from a lot of experience in the long-term care space. His latest venture was Call9, an emergency care startup specifically tailored to skilled nursing facilities. The company raised $34 million before eventually shutting down in 2019 and leading to Curve Health, which Peck still serves on the board of. Peck also served as the executive portfolio director of health at IDEO, which is a design firm focused on health care innovation. Though details are still sparse on CareScout, the need it is trying to fill in senior care is undoubtedly there. What makes the venture more promising is, again, the ability for the Genworth network to be tapped. “[The system] really leaves the user out of the center,” Peck said. “It’s unfair, which is a word that I’ve started to circle around. It’s fragmented. It’s dizzying and overwhelming. But this unfairness is something that has driven me to think about how can we make solutions to put more power back in the hands of the caregivers and the aging, and make something less fragmented. Something that empowers these people to be able to find the quality that they need.” Share

CareScout Frequently Asked Questions (FAQ)

  • When was CareScout founded?

    CareScout was founded in 1997.

  • Where is CareScout's headquarters?

    CareScout's headquarters is located at 34 Washington Street, Wellesley.

  • What is CareScout's latest funding round?

    CareScout's latest funding round is Acquired.

  • Who are the investors of CareScout?

    Investors of CareScout include Genworth Financial.

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