Care Sourcer, the care comparison and matching site, announces that it has raised an £8.5m funding round from two investors, Legal & General and ADV. This investment will enable Care Sourcer to expand its care matching technology UK-wide, helping to tackle the crisis in care that costs NHS England £8m every day.
27 Jul 2018
Care Sourcer is the first UK comparison and matching site for older people care - the innovative service enables anyone to make a simple enquiry via www.caresourcer.com and receive offers from care providers who have immediate availability. Care Sourcer charges the care provider a small fee for the matching service, and there is no charge to the person making the request. Care Sourcer can be used by private individuals, GPs, social workers, or anyone else who needs to find care for an older person.
With this investment, Care Sourcer aims to directly tackle the NHS’s ‘bed-blocking’ crisis, a major issue the organisation faces 70 years on from its creation. NHS England alone reported over 150,000 Delayed Transfer of Care days in 2017-18, which is the number of days that someone who is medically fit for discharge is still occupying a bed1. These delays, also known as “delayed discharge”, cost NHS England £3bn annually, or £8m per day, and also force the NHS to cancel operations and increase waiting times in A&E2. Care Sourcer’s care matching technology can address nearly half (47%) of these delayed discharge cases by matching people with care homes or care at home providers within 48 hours — a staggering potential saving to the NHS.
Chris Knight, CEO of Legal & General Retirement Retail "Our investment in Care Sourcer will not only directly improve the lives of many of our customers – both recipients of care, and family and other carers trying to find a care solution for loved ones... We are looking forward to working more with the Care Sourcer team who share our commitment to resolving issues in UK care provision."