CareValidate: Insurtech for Senior Living Institutions

Meet Alpharetta, GA-based CareValidate:

Think: Developers of SafeSense, an IoT device launched this year to capture the quality of care delivered in senior living institutions. The CareValidate kit includes the following: a SafeSense device, mounting instructions and batteries. The device is meant to be installed in residence rooms. (Btw, the ideal placement is on the wall behind the residence bed.)

Later comes a two-week evaluation period. And later, the company sends the user a “completely confidential” CareDNA report that will contain quantitative analysis on one’s facility to provide risk management intervention opportunities. And then, after obtaining the necessary approval, CareValidate will use the data to generate a”smart insurance quote” that is “personalized” for the facility. Bottom Line: Dashboard included.