FreedomCare

Home care services for Medicaid recipients

North New Hyde Park, New York, United States

About FreedomCare

FreedomCare provides home care services specifically for Medicaid beneficiaries in New York. The company allows clients to hire family members or friends as caregivers, which creates a more personalized and trusted care experience. Clients can choose caregivers from their own circle, including children, relatives, or spouses, ensuring comfort and familiarity in their daily living assistance. FreedomCare's business model is funded by Medicaid, and it facilitates the hiring and payment process for caregivers, ensuring they receive immediate compensation after their shifts. This prompt payment system supports caregivers financially and encourages them to provide quality care. Unlike traditional home care services, FreedomCare focuses on personal connections and flexibility in caregiver selection, aiming to enhance the overall caregiving experience for both clients and caregivers.

1979 Marcus Ave c115, North New Hyde Park, NY 11042, USAHeadquarters
2016Year Founded
$75KTotal Funding
VENTURE_UNKNOWNCompany Stage
HealthcareIndustries
501-1,000Employees

Benefits

Health Insurance
401(k) Retirement Plan
Hybrid Work Options
Wellness Program
Professional Development Budget

Risks

Increased scrutiny on Medicaid-funded programs could lead to tighter regulations and reduced funding.
Alternative home care models like telehealth may reduce demand for in-person caregiving.
Caregiver burnout may lead to higher turnover rates and workforce stability challenges.

Differentiation

FreedomCare allows Medicaid beneficiaries to hire trusted family or friends as caregivers.
Immediate payment system provides financial stability and motivation for caregivers.
Operates primarily in New York, focusing on personalized care for Medicaid recipients.

Upsides

Growing demand for home care services due to aging population and in-home care preference.
Medicaid expansion in various states may increase eligible client pool.
Policy shifts towards value-based care align with FreedomCare's personalized care model.