The Bottom Line: NewSpring Exits Seniorlink
September 29, 2020
Seniorlink has transformed at-home family caregiving
Since its founding in 2000, Seniorlink has focused on optimizing chronic care management for the elderly by providing family caregivers with resources, training, support, and technology that empower them to be active participants in the care management process. With its revolutionary technology and training, Seniorlink has safely and effectively moved and maintained the point of care from traditional clinical settings to the home for thousands of individuals. Doing so not only provides patients with better health outcomes, but reduces total healthcare costs by relocating the point of care to less expensive settings where patients are more comfortable.
The Company has grown its reach into thousands of American homes
Since NewSpring’s initial investment in 2016, the Company has grown dramatically. It has inked new partnerships with insurers, healthcare providers, government programs, and employers to expand the reach of its services to empower more home caregivers. Notably, NewSpring’s investment and operational guidance was instrumental in building and growing Vela, Seniorlink’s care collaboration technology platform that allows home caregivers to instantly connect with their care coaches and receive the support they need. Seniorlink now operates in nine states and is licensed to serve members enrolled in Medicaid, Managed Medicaid, Medicare, and Medicare Advantage and their families nationwide.
NewSpring and Seniorlink formed a successful partnership
“At Seniorlink, our mission is to empower home caregivers with the support and resources they need to provide their loved ones with the highest-quality healthcare at a lower cost,” said Tom Riley, President and CEO at Seniorlink. “The NewSpring team has played a pivotal role in expanding our transformative services and helping us scale the business, and we’re thankful for their support over the past several years.”
“With its revolutionary technology and innovative business model, Seniorlink is providing families in need with new solutions that lead to better outcomes for patients and lower overall healthcare costs. We’re proud to have played a part in Seniorlink’s growth story to date and wish them the best as they continue serving their members and bending the healthcare cost curve.”