CareBridge Raises $140 Million To Expand Value-Based HCBS Model Into Five More States

In June 2022, CareBridge raised $140 million, and plans to use the funds to continue expanding its services across the country. The company provides a value-based care management solution in 11 states plus the District of Columbia for consumers receiving Medicaid home- and community-based services (HCBS). By 2023, CareBridge anticipates serving members in 16 states and the District of Columbia. In addition to geographic expansion, CareBridge plans to build an HCBS database and to expand its services to consumers with intellectual/developmental disabilities (I/DD).

CareBridge exclusively serves Medicaid and dual eligible consumers who have a physical disability . . .