Health Company Growing in St. Louis, Missouri
- October 03, 2022
TCARE Inc., a fast-growing, St. Louis-based company that provides technology to help family caregivers, recently announced plans to create 100 new jobs in the region.
TCARE, which was spun out of research from the University of Wisconsin-Milwaukee, provides an evidence-based analytics program that allows social workers, care managers and care coordinators to help family members and caregivers responsible for seniors. Its technology has also been used by those caring for foster care children and kids with special needs.
TCARE works with managed care organizations and government agencies as well as health, life and long-term care insurance carriers. The company’s platform is designed to reduce long-term caregiver burnout and limit the need to turn to alternative care options such as nursing homes and hospital stays.
TCARE relocated to St. Louis in 2019 after winning funding from local nonprofit startup funder Arch Grants. It has experienced rapid growth in recent years, tripling its annual recurring revenue year over year and growing to a team of 164 employees.
CEO Ali Ahmadi said TCARE has been able to grow so quickly thanks to the outcomes created for seniors and caregivers through its technology, which has helped it lure new customers and expand existing commercial partnerships.
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