Invest in Care

The adult care industry is massive, currently estimated to be $140 billion in size, and remarkably complex.

US child care is a $57 billion market (60% in-home, 40% in-center). An additional $22 billion is spent via government subsidies, and the amount of time spent and forgone wages by parents and family members providing unpaid care is orders of magnitude larger than the actual dollars spent.

The sector of the American economy devoted to care—of children and the elderly and people with disabilities—is valued at $648 billion. That’s larger than the U.S. pharmaceutical industry. And yet most individual caregivers are criminally underpaid. That’s because caregiving is viewed either as a “labor of love,” in which case it can never be priced... See more

Retaining and rewarding caregivers: Demand for home healthcare workers should grow rapidly over the next ~8 years. The Bureau of Labor Statistics estimates that between 2018-28, the number of jobs will increase 36%. Average growth across industries is 5%. That's set to exacerbate existing issues for personal care providers, namely, retention and tu... See more

Carewell is an e-commerce platform poised to disrupt the home care space by providing caregivers an easy and accessible platform to learn more about home care and purchase vetted supplies at affordable prices.