The Rise of Modern In-Home Care Services

The Rise of New In-Home Care Services

Depending on the needs, traditional in-home care services can be very expensive, ranging from live-in nurses or companions to regularly scheduled visits from medical professionals and caregivers such as visiting nurses. There are also home care aides that typically don't provide medical care, but are useful nonetheless.

The market for in-home care services is highly fragmented with no single dominant player as the majority of players are operating in a particular region or country only. And unsurprisingly, it was among the sectors that have experienced the "Uber-ization effect." As a result — in addition to traditional in-home care networks — these days we have new, modern services that rely on mobile technologies to deliver a similar experience. Or, arguably, one that is even better.

Unlike traditional services, however, these new services are seldom covered by Medicare, Medicaid, or long-term care insurance. Nonetheless, the open marketplace approach some of these services have adopted has helped drive costs south, while at the same time keeping the quality of the service at the same level

Here are a few of the most promising startups in this space:

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We cover more companies in our report, Senior Care 2.0. You can check it out from here.