Care Angel

On a Global Mission to Empower Millions of People to Take Better Care

Care Angel

On a Global Mission to Empower Millions of People to Take Better Care

Miami, FL
Health Tech
Care Angel is an intelligent “virtual nurse assistant” designed to uniquely manage population health engagement at scale, driving better medical outcomes at the lowest cost.

$285,632

raised
317
Investors
$45.7M
Valuation
$2.41
Price per Share
$494.05
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$285,632

raised
317
Investors
$45.7M
Valuation
$2.41
Price per Share
$494.05
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Care Angel:

$494+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Tier 1 Perk
Care Angel Care Box
$1,000+
Investment
Tier 2 Perk
Perk Level 1 + 5% Bonus Shares
$5,000+
Investment
Tier 3 Perk
Perk Level 1 + 7% Bonus Shares
$10,000+
Investment
Tier 4 Perk
Perk Level 1 + 10% Bonus Shares
$25,000+
Investment
Tier 5 Perk
Perk Level 1 + 12% Bonus Shares
$50,000+
Investment
Tier 6 Perk
Perk Level 1 + 15% Bonus Shares

Reasons to Invest

Care Angel already works with the largest health plans in the world, representing 600,000 members monthly and has improved clinical and operational efficiency by ~7x, at 1/100th the cost.
Our solution reports 83% engagement and has led to $41 per member per month (PMPM) in clinical cost reduction for provider clients, annualized savings ~$500k.
The market for virtual nurse assistants is expected to reach $88 billion globally in 2025, and $20 billion within the US by 2026

“Revolutionizing healthcare through AI and voice”

Overview


Quality, affordable, long term care from the comfort of home

Care Angel was created to tackle some of the most challenging and costly elements of healthcare: care management for vulnerable and at risk populations. Care Angel’s SmartCare platform helps millions of high cost, high risk patients (especially those suffering from chronic conditions) to receive quality, affordable, remote monitoring from the comfort of home. Our AI + voice enabled conversations provide patients with personalized health management, monitoring and tailored care that focuses on longitudinal and interdependent health/wellbeing, as well as mental/behavioral, environmental, social and holistic health.

These testimonials may not be representative of the experience of other customers and are not guarantee of future performance or success.


In the month of May 2020 alone, ANGEL made over 3,980,883 calls to check in on at-risk members related to COVID-19 and hospital discharges. In addition we collected over 125,544 data points that helped these members improve their medication and condition management adherence, in real-time, closing tens of thousands of gaps in care by identifying and addressing needs while reducing negative episodes– keeping them healthy at home. The labor cost equivalency of the ANGEL outreach was that of 64 care managers working a total of 11,047 hours at a total cost of $333,406.

The Problem


Millions lack access to affordable and sustainable healthcare

Many in today’s society lack access to continuous engagement and sustainable health care with long term monitoring and care coordination. Additionally, clinicians and care teams spend too much of their valuable time performing repetitive administrative tasks that can easily be handled automatically with an augmented intelligence (AI) solution like Angel.

At Care Angel, we address the undisputable need for a technology-enabled solution that delivers quality care management, regular engagement, monitoring and navigation tools. Our technology is scalable to millions and has the ability to effectively care for people with complex chronic conditions, over the long term.

The Solution


Personalized, continuous care conversations, powered by AI

We believe “Aging in place” is steering methods of care in a new direction. Trends driving the adoption of digital health require patient monitoring and advanced data analytics solutions. To gain the participation of the primary demographics of vulnerable populations from Medicare Advantage, Medicaid and others, we created a platform that is low tech/high touch for users and delivers high tech, scalability for payer and provider clients. Care Angel is the only phone-first platform that is supported with multi-modal communication options, meeting people where they are technologically, linguistically and culturally.

Computer generated rendering of products currently available

In response to the COVID-19 pandemic, Angel’s AI and voice-enabled solution can quickly be configured to complete continuous check-ins, detect risk and automatically provide information about testing, social isolation protocols, and other resources.

Our Traction


Care Angel’s accomplishments have caught the eyes of some of the world’s largest healthcare providers

In 2015, we developed a proto-type with less than $1M. In early 2016, after launching Care Angel’s SmartCare platform, we won the AARP Foundation’s Aging in Place $50K Challenge, a startup competition for entrepreneurs with healthcare solutions geared toward older low-income adults. From there, we were chosen to participate in AARP’s CareConnection initiative to provide support, services and community to their 38 million members and family caregivers, where our solution received a net promoter score of 91. Since then, pitch competitions have helped us to continuously gain greater visibility.

In 2017, we had our first paying customers, which enabled us to serve over 60,000 patients. In 2018, we launched clinical enterprise clients, deploying Angel to over 100,000 patients and, later that year, Care Angel was the recipient of the Innovation Challenge at VivaTech Sanofi, a global initiative to help improve healthcare through innovation and technology. In 2019, we won the MassChallenge and MedCity Invest Pitch Perfect challenges, attracting the attention of two of the world’s largest health payers, UnitedHealthCare and Humana.

The company’s award-winning SmartCare platform, (brought to life through ANGEL) has already proven its ability to transform healthcare and radically improve patient outcomes, while reducing the cost burden faced by all stakeholders.


This testimonial may not be representative of the experience of other customers and is no guarantee of future performance or success.

This testimonial may not be representative of the experience of other customers and is no guarantee of future performance or success.

The Market


The virtual healthcare market is set to reach $88 billion by 2025

Source


“Given the huge push to keep people at home, the risk of infecting others through exposure, and the hope of not overwhelming health providers with unnecessary foot traffic, the use of virtual care and messaging has skyrocketed” (Source). 

Healthcare Tech adoption is being harnessed to support the public-health response, especially with the current COVID-19 pandemic (source) and, according to Accenture, the market for virtual nurse assistants is expected to reach $88 billion globally in 2025 and $20 billion within the US by 2026 (source). 

Data complied based on actual client outcomes & call center analysis.

Angel’s addressable market includes:

  • Health Plans and  Carriers - 200 million members

  • Providers - 50 million post discharge 

  • Provider Services (accountable care organizations (ACO), Management Service Organization (MSO))

  • Biotech and Pharma

  • Digital Therapeutics 100’s of millions

  • Employers - 100 million employees

  • Strategic Partnerships (telemedicine, faith-based organizations, government, schools and universities)

What We Do


SmartCare Platform: omni-channel care management, patient engagement, navigation solution

Meet Angel, the world’s first AI and voice enabled virtual nurse assistant. Angel’s technology provides the most effective, affordable and scalable way to engage, monitor and manage at-risk populations, starting with a simple phone call, supported by text, email and other communication modalities to perform clinical conversations and routine follow-ups.

Care Angel’s multi-modal engagement platform helps health care providers and health plan payers avoid missed care opportunities, close gaps in care, improve performance measures, increase revenue opportunities and improve patient outcomes by automating conversational, outbound and inbound check-in care calls, and capturing regular updates on vitals, wellness, well-being and SDoH to inform real-time intervention and resolution.


The Business Model


Primary revenue fueled by recurring payments from providers and payers

Our primary revenue comes from the recurring per member per month (PMPM) fee to access the platform by payers, providers and their members and patients. Additional revenue streams will be generated from digital therapeutics programs, risk share models and others. In the future, “transactional” revenue opportunities exist from fees for digital monitoring services that providers perform, and fees for navigation to “marketplace” that will connect care recipients to services and products like transportation and medical supplies.

How We Are Different


Multimodal communication allows us to continuously care for hard-to-reach populations

Care Angel has the ability to effectively communicate with hard-to-reach populations, through personalized conversations. Our competitive advantage is the simplicity and ubiquity of a simple telephone, supported by other modalities of communication, like text, chat and email.

In the virtual care eco-system, Angel is working to close the gap between episodic and long term care for high-need, high-cost patients. Our solution is clinically validated and proven to reduce administrative and operational costs, reduce (re)admissions and improve medical and financial outcomes for our clients. Care Angel also enables payers and provider clients to optimize performance measures (HEDIS/STAR, HCAP) and generate new revenue streams, while improving care quality, and patient satisfaction.

The Vision


Expansion of our SmartCare platform to address current and future public health concerns

Overnight, COVID-19 created widespread demand for remote healthcare solutions that could increase care capacities without overwhelming providers. In May of this year, Care Angel responded by announcing the launch of its "HEALS" (Help Early Awareness Logistics and Surveillance) COVID-19 Program, using an extension of our SmartCare Platform. As society looks to reopen, Care Angel plans to launch two additional COVID-19 offerings to support individuals as they return to their communities and employees as they return to the workplace. We are exploring developing resources to address social determinants of health like food insecurities

OUR LEADERSHIP


A passionate team of health innovation veterans on a mission to improve the health of millions

Care Angel’s CEO and founder, Wolf Shlagman, has been shaping and transforming the telehealth space since the earliest days of digital health, nearly 20 years ago. Our company’s story began over a decade  ago with a pioneer telemedicine company called ‘Consult A Doctor’, which was acquired by Teladoc, Inc., a Kliener, Perkins portfolio company, in 2013. Care Angel now has a track record of success, strong connections and a profound understanding of our market space, telehealth and the patients and clients we serve. CEO, Wolf Shlagman has assembled a team of passionate individuals, all of whom are deeply experienced in the healthcare technology field and eager to tackle the challenges of the current healthcare climate.

Why Invest


Angel’s affordable, sustainable technology represents the future of healthcare

This testimonial may not be representative of the experience of other customers and is no guarantee of future performance or success.

Our simple yet sophisticated, technology-enabled solution is proven to expand service capacity, and make it possible to scale effective interventions in real time. Angel effortlessly delivers personalized care at a fraction of the cost of manual nurse outreach, call centers, IVR or mobile applications. Angel drives continuous patient engagement while closing gaps in care and improving productivity, efficiency and revenue.

The global market for services like ours will soon reach $88 billion. Our company is already working with close to 600,000 patients monthly and has improved clinical and operational efficiency by 10x, leading to $41 PMPM clinical cost reduction. We have the technology, the experience and the connections to deliver affordable, consistent care to high risk populations-- now we are calling on your support to help us scale so that we can reach and improve the lives of millions!

Offering Summary


Company

:

Care Angel, Inc.

Corporate Address

:

78 SW 7th Street, Suite 500, Miami, FL 33130

Offering Minimum

:

$9,999.09

Offering Maximum

:

$1,069,999.03

Minimum Investment Amount

(per investor)

:

$494.05











Terms


Offering Type

:

Equity

Security Name

:

Class A Common Stock

Minimum Number of Shares Offered

:

4,149

Maximum Number of Shares Offered

:

443,983

Price per Share

:

$2.41

Pre-Money Valuation

:

$45,660,975.83











COVID Relief

This offering is being conducted on an expedited basis due to circumstances relating to COVID-19 and pursuant to the SEC’s temporary regulatory COVID-19 relief set out in Regulation Crowdfunding §227.201(z).

Expedited closing sooner than 21 days

In reliance on Regulation Crowdfunding §227.303(g)(2) A funding portal that is an intermediary in a transaction involving the offer or sale of securities initiated between May 4, 2020, and February 28, 2021, in reliance on section 4(a)(6) of the Securities Act (15 U.S.C. 77d(a)(6)) by an issuer that is conducting an offering on an expedited basis due to circumstances relating to COVID-19 shall not be required to comply with the requirement in paragraph (e)(3)(i) of this section that a funding portal shall not direct transmission of funds earlier than 21 days after the date on which the intermediary makes publicly available on its platform the information required to be provided by the issuer under §§227.201 and 227.203(a).

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

Early Bird

As a special “Thank You” to early investors, Care Angel offers the opportunity to participate in the “Early Bird” Specials!

• Friends and Family - First 72 hours | 15% bonus shares

• Super Early Bird - Next 72 hours | 10% bonus

• Early Bird Bonus - Next 7 days | 5% bonus shares

Tier 1 Perk - $500+

Perk Level 1 – (Care Angel Care Box)

Tier 2 Perk - $1,000+

Perk Level 1 + 5% Bonus Shares

Tier 3 Perk - $5,000+

Perk Level 1 + 7% Bonus Shares 

Tier 4 Perk - $10,000+

Perk Level 1 + 10% Bonus Shares

Tier 5 Perk - $25,000+

Perk Level 1 + 12% Bonus Shares 

Tier 6 Perk - $50,000+

Perk Level 1 + 15% Bonus Shares

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Care Angel, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class A Common Stock at $2.41/ share, you will receive and own 110 shares for $241. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$321,676.00 USD
$786,269.00 USD
Cash And Cash Equivalents
$42,617.00 USD
$47,581.00 USD
Accounts Receivable
$35,834.00 USD
$484,971.00 USD
Short Term Debt
$422,944.00 USD
$61,292.00 USD
Long Term Debt
$0.00 USD
$165,931.00 USD
Revenues And Sales
$1,532,045.00 USD
$996,230.00 USD
Costs Of Goods Sold
$0.00 USD
$0.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$2,275,314.00 USD
-$1,654,724.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Notice of Material Change in Offering

16 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Care Angel offering. Here's an excerpt describing the specifics of the change:


Care Angel has extended their campaign and added 2020 financials.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Notice of Funds Disbursement

27 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Care Angel has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Care Angel be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Care Angel surpasses $240k in reservations | JOIN THE REVOLUTION!

about 2 months ago

Hello! We just passed the $240k milestone! Thank you to all of our investors so far for your support!

Don't forget - if you've already invested, you can invest multiple times during a campaign; it's not just a one-time investment! Our investment minimum is only $494. The more you invest, the bigger the bonus shares!

We welcome you to join the revolution and invest in the future of AI-voice, Virtual Nurse Assistants to extend care by empowering people to get and stay healthier. Angel can connect to the right care at the right time, anytime. EVERYWHERE. 



 INVEST TODAY!

-CARE ANGEL

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Care Angel has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Care Angel be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Special Announcement: In Honor of World Cancer Day ❤️🧡💛💙🖤

3 months ago

First, we want to acknowledge all of the people that are facing, fighting or have conquered a cancer diagnosis and also remember the grace and courage of those that have gone before us. To the researchers and healthcare providers, we applaud you! 

At Care Angel, we are dedicated to removing the obstacles that people face when coping with these complex conditions. We understand that these debilitating diseases don't just affect the patient, it also takes a toll on their care partners; families, husbands, wives, brothers, sisters, aunts, uncles, mothers, fathers, grandparents, friends and neighbors. 

That is why today we're proud to announce a partnership with a global pharmaceutical leader to deploy a pilot using Angel as virtual health companion for people with advanced stage cancer. The program is designed to help people navigate their health journey, track wellbeing and provide information and education that will empower individuals and care partners.

We believe that the hardest times in your life, don't need to be the worst times of your life. 

We are listening to all of the stories of struggle and stories of triumph. Our commitment is to improve lives and motivate patients to live longer, happier lives.

#WorldCancerDay 

 INVEST TODAY!

-CARE ANGEL


Latest News: Care Angel Launches Program to Tackle Vaccination Tracking 😷+ Symptom Monitoring 🤒

4 months ago

Hello Investors! We hope your new year is off to an amazing start. 

We understand that public health systems, health plans and hospitals urgently need support to help our communities co-create better health monitoring and outcomes in less time, without straining or adding valuable health resources and care teams. 

READ the PRESS ANNOUNCEMENT:  Care Angel Launches CareVax Vaccine Tracking Program

On-Demand Workforce of AI and Voice Enabled Nurse Assistants Monitors for Adverse Clinical Events and Conducts Pharmacovigilance via Secure Calls, Text and Chat

"After millions of calls and texts tracking COVID-19 in 2020, we see 2021 as a pivotal year for Care Angel to help globally as the critical need for resources that can deliver meaningful healthcare conversations at scale has been thrust into the global spotlight," said Wolf Shlagman, CEO of Care Angel. "Sitting squarely at the intersection of digital health, telemedicine, AI and COVID-19, working with some of the largest health organizations on the planet, we are proud to already be having a noticeable impact on public health and the health and safety of society's most vulnerable populations."

Digital health infrastructure is essential for COVID-19 care, case monitoring and vaccine tracking.

  • Manage COVID-19 related populations
  • Provide rapid assess to COVID-19 tests, with contract trace
  • Track symptoms of at-risk or COVID-19 positive families and individuals
  • Proactively monitor vaccination patients for side effects

 INVEST TODAY!

-CARE ANGEL



Notice of Funds Disbursement

4 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Care Angel has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Care Angel be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

This is your LAST CHANCE to INVEST in 2020! 🥳

4 months ago

Hello investors and future investors, Sending you sincere and heartfelt wishes for a very happy and prosperous new year! 

Join us on our journey to make healthcare better for everyone. Head over to our investor page and INVEST TODAY!


-CARE ANGEL



HAPPY HOLIDAYS INVESTORS! 🎄

5 months ago

Hello Investors, We want to pause for moment to wish you and your loved one’s a beautiful holiday filled with love, joy, health and well-being. We’ve built Care Angel around a specific set of core values that include a strong commitment to enrich and empower the lives, the health and wellbeing of our members, patients, and entire families.



Another new year is just around the corner! Angel and the entire Care Angel family look forward to the year ahead with much anticipation.

There's never been a better time to join us. Head over to our investor page and INVEST TODAY!


-CARE ANGEL



Over $100K Raised! THANK YOU! 🙏🏼

5 months ago

Thank you to our new investors and thank you to all of the Care Angel investors that helped us to exceed $100,000! 

Our mission and commitment to all of you has never been stronger. 2020 has helped us to recognize that digital health infrastructure is essential to transforming healthcare for the better. Angel, our AI, voice-enabled virtual nurse assistant has extended COVID-19 care and case monitoring to millions of people. These are just some of the ways we're making a difference during the pandemic:

  • Transforming the traditional "siloed" care model into a data-driven care model, both for increased speed and efficiency and the ability to scale effective interventions within the COVID-19 and at-risk patient populations
  • Instituting a way to increase the ability to acquire, aggregate, and analyze data across a public health network
  • Integrating clinical engagement into a single platform for a common view of patients across COVID-19 stages - assessments, testing, contact tracing - and now vaccinations
  • Organizing public health structure to accommodate the ability for any provider, at any care site to boost efficiency by instituting a turn-key solution that tracks clinical processes - drastically improve COVID-19 virus and COVID-19 vaccination monitoring and insights.


Angel helps our clients to co-create better outcomes without straining already limited resources. In fact, Angel helps extend care by 10x using the same resources.


There's never been a better time to join us. Head over to our investor page and INVEST TODAY!


-CARE ANGEL


Welcome investors!

5 months ago

Hello Care Angel investors, we want to thank all of our early investors that helped us to reach our initial threshold. To everyone who has invested so far - we are grateful! We have so much we want to accomplish and with your help, we'll get there faster! 

2020 has been a challenging year, but also a year of firsts for Care Angel.

We launched our first post-discharge program with focus on COVID-19 assessments. We made nearly 1 million phone calls within the first 90-120 days, reaching people that need carefully monitored when they're discharged from the hospital. Angel communicates with people to see how they're feeling, if they have new or worsening symptoms and if they need anything. Angel helped to navigate thousands of people to the right care at the right time, automatically.

Thank you again for joining our quest to change the world of healthcare for the better.

Remember to tell your family and friends and stay tuned for more updates soon.

INVEST TODAY!


-CARE ANGEL


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