Mayor Greg Fischer and Gov. Matt Bevin today announced Care Innovations LLC, a telehealth company specializing in designing, developing, and optimizing remote care delivery programs, will invest nearly $1.7 million to relocate and expand its research and development center, creating 24 high-wage jobs in Louisville.
“Louisville is seeing tremendous advancements in analytics, data science and technology within our lifelong wellness and aging cluster. Care Innovations’ expansion is a great example of how technology can innovate to meet the market’s advanced industry growth,” the Mayor said. “I welcome the company’s innovative solutions to bettering patient care, and look forward to its future success and growth.”
Care Innovations will relocate from its 1,900 square-foot Prospect office to a more than 7,000 square-foot space on Fourth Street in Louisville. The new office will provide additional room for software development, analytics and testing.
“Care Innovations located in Prospect less than 18 months ago, confident they would be able to tap into Louisville’s tech and healthcare industry expertise,” Gov. Bevin said. “That confidence was not misplaced, and Care Innovations is now moving to larger offices that will better accommodate their substantial and consistent growth. We congratulate them on their impressive efforts and look forward to their continued progress.”
The company, based in Roseville, Calif., opened its Prospect office in October 2015 to better reach its customers, build relationships with industry leaders and analysts and attract strong technology and healthcare talent.
“As we continue to partner with major healthcare systems and health plans both nationwide and internationally on their goal to provide continuous care, it is imperative that we expand our talent, and Louisville’s growing healthcare market is ideal for doing just that,” said Randall Swanson, CEO of Care Innovations.
Also known as RPM, remote patient management is a form of telehealth that uses information technology to gather patient data outside of traditional healthcare settings. By moving care into patients’ homes, clinicians can provide proactive care, rather than reactive, which may help reduce hospitalizations, improve outcomes and lower costs.
Care Innovations has been an advisor and leading provider in the remote patient management and telehealth industry for more than 10 years. The company partners with payers, healthcare providers and home health companies to make continuous care easier by employing its service suite, technology and education offerings to design, develop and deliver remote care. Doing so helps Care Innovations’ customers reduce costs and improve patient outcomes outside of traditional clinical settings.
To encourage the investment and job growth in the Louisville area, the Kentucky Economic Development Finance Authority (KEDFA) in January preliminarily approved Care Innovations for tax incentives up to $500,000 through the Kentucky Business Investment program. The performance-based incentive allows a company to keep a portion of its investment over the agreement term through corporate income tax credits and wage assessments by meeting job and investment targets.
For more information on Care Innovations, visit www.careinnovations.com.