preview

Rise Of Hometeam Case Study

Decent Essays

THE RISE OF "HOMETEAM" Located in New York, Hometeam is a startup involved in taking care of the elderly in the society at home. The startup was founded in 2013 by Josh Bruno who used to be an investor at Brain Ventures. He got major support from an $11 million funding by Lux Capital, IA Ventures and Recruit Strategic Partners. Today it celebrates being opened to the public after two years of quiet operations. Bruno the founder has been quoted saying that, caring for senior adults is shouldn't be massive problem in our country, he also adds on by saying, “There are 55 million adults taking care of their own elderly parents, and 2.3 million professional caregivers.” And true to his determination to ensure quality care is given to the elderly , the startup has undertaken the initiative of putting over 250 aiders to take care of the …show more content…

The idea of hiring a home aider becomes a legitimate alternative since most families are not well equipped to take care of a senior relative with family members being caught up in other daily activities too. He also says that there are many agencies capable of matching one with a caregiver but if not at home, one can’t really tell what is happening. Hometeam offers unique services in that it offers ipads in their homes with an application that aiders uses to communicate with the families be it in picture, text forms or medical updates. Technological application to senior care isn’t as complex as it seems, Honor is an in-home care application started a few months ago by former Googler Seth Sternberg with $20 million in funds. It has a similar narrative. Hometeam has also employed a team of nurses whose job is to check on the patients from time to time in order to ensure proper management of their medical conditions. This way, the startup ensures that the their health care is handled

Get Access