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CareSource operates as a managed care organization, delivering comprehensive health plans designed to serve diverse populations across multiple states. The company constructs and administers integrated healthcare benefits, focusing on individuals who qualify for Medicaid, Medicare Advantage, and Marketplace plans. Their core offering involves coordinating care, managing benefits, and providing access to a network of healthcare providers, ultimately aiming to improve health outcomes and reduce costs for members and government-sponsored programs.
The organization was founded in 1989 by Pamela Morris, driven by an insightful understanding of the critical need for expanded healthcare access for underserved populations. Morris recognized the opportunity to leverage a managed care model to provide structured and effective health benefits to those who historically faced barriers to comprehensive medical services, thereby pioneering a new approach within the public sector healthcare landscape.
CareSource primarily serves low-income families, children, and individuals with complex health needs, acting as a crucial intermediary between these members and the healthcare system. The company’s vision centers on transforming the health of its communities through high-quality, person-centered care, striving to empower individuals to achieve their best health. It continues to evolve its offerings to meet the dynamic needs of vulnerable populations within the complex healthcare environment.
Key people at CareSource.
CareSource has 1 tracked investment across 1 company. The latest tracked deal is $75.0M Other Equity in Axial Healthcare in September 2021.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Sep 28, 2021 | Axial Healthcare | $75.0M Other Equity | Valtruis | .406 Ventures, Bluecross Blueshield Venture Partners, Centene Corporation, Highmark Ventures, HLM Venture Partners, OAK HC/FT, Sandbox Industries |
Key people at CareSource.