Dr. Vadim Cherdak, CEO and co-founder of YCare, announced YCare has joined Nex Cubed as a portfolio company! Daniel Haders II, Ph.D., General Manager Healthcare Incubation at Nex Cubed, added, “I am extremely excited to join the YCare team as a strategic advisor to the board. Nex Cubed has been ramping up its investments as part of a broader push into the growing startup scene in Southern California and across the US. We function as an early-stage booster, with three tracks — Create, Incubate and Accelerate — based on a startup’s status. YCare has a leading solution that is well positioned for growth in a rapidly expanding senior-care market.”
“The company connected with Nex Cubed after launching it’s solution for Chronic Care Management (CCM) and Remote Patient Monitoring (RPM) earlier this year,” according to Dr. Cherdak. “Our YCare team has three key goals: drive costs out of system, link outcomes to quality, and improve the patient experience through better engagement with their family, caregivers and providers. Our solution helps providers deliver the right care in the right place at the right time and also generates the clear, compliant documentation needed for proper accountability and billing for care coordination activities. Care coordination has long been cited as one of the most glaring gaps in our healthcare system. Medical errors, including coordination of care, are the third leading cause of death in the US! We need to fix this!”
Dr. Cherdak continued, “YCare is a mobile platform that links family, caregivers and healthcare professionals in a patient-centered model of care. Our solution provides active real-time remote patient monitoring, medication management, care plan management and data analytic capabilities in support of subacute eldercare & chronic disease management. Our YCare platform and mobile app puts the consumer at the center of the health care experience. Our integrated RPM and CCM solution improves patient engagement and care coordination by empowering patients to securely share their real-time health data within their Community of Care – including their family, caregivers, physicians and specialists. This approach to engagement is fostering better care coordination which is leading to more personalized, specialized care and better outcomes for all.”
In addition to being named best solution for chronic care management and remote patient monitoring, YCare has raised $420k to date, is currently raising $750k Series Seed, and recently participated in the Startup Showcase at the Telehealth 2018 Value Based Care Summit in San Diego. Visit the YCare website and Nex Cubed website.
Nex Cubed is a leader in innovation-driven value creation, as a long-term strategic partner and shareholder. Our global ecosystem empowers entrepreneurs to bring new technologies to market, helps rising companies scale, and provides paths to liquidity – the ‘power of three’. We provide access to hundreds of founders, mentors, investors, and corporate partners, helping entrepreneurs drive innovation, value, and growth. To date, the Nex Cubed portfolio has a total valuation of $200m and over 50% of the startups are led by female and minority founders.