Company logo: carelinelive

CareLineLive

A complete cloud-based care management system for home care agencies giving them more Time to Care.

Company Overview

CLL enables a home care agency to run its entire business from anywhere. Its cloud-based platform enables visit scheduling and carer rotas to be done easily and shared with all parties in real-time, comprehensive call monitoring (client visit data) via a mobile app, eMAR (electronic Medical Administration Records), automates client invoicing and staff pay and has care plan creation and management in development. SaaS & DaaS Revenue Models, per carer, per month: • Fully Managed Service inclusive of management platform, mobile app, fully managed mobile handsets with a mobile plan • BYOD inclusive of management platform and mobile app • eRostering inclusive of management platform only Most businesses take Fully Managed or BYOD The Market The UK market is worth £110m+ (based on our revenue model): • 15k+ Domiciliary Care Agencies with 650k+ carers employed in the UK • Over 70% Owner Managed, circa 10% are franchises • Regulated by the Care Quality Commission (CQC) • Demand for Home Care is growing at between 3% and 8% pa globally Globally there are even greater possibilities for the expansion of CareLineLive into countries such as Australia, the US and Canada giving us a potential market size of 2.3 million carers worth in excess of £400m per year. We have also converted opportunities in Dublin and Australia. Progress/Proof We launched our MVP in Feb 2018 with 2 initial customers, 75 carers. In 18 months (upto August 2019) we have achieved 20x growth to 40+ customers, and 15x growth to 1,100+ carers. In the last 6 months, the number of customers has doubled. Currently, we have in excess of £20k of monthly recurring billings meaning around £250k Annualised Recurring Revenue Under Contract, growing on a steady basis. Our open sales pipeline value is £650k. We've won numerous awards including 'Pioneers in Technology' Award at the Dementia, Care & Nursing Expo 2019. We have also won numerous other awards.

Primary Company Info

Headquarters:
Slinfold, United Kingdom
Country:
United Kingdom
Year Founded:
2018