Caretech Group
- Company typePrivate
- Founded1994
- HeadquartersBrooklyn, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
Caretech Group firmographics
Firmographics- Name
- Caretech Group
- Legal name
- Caretech Group
- Website
- https://caretechgroup.com
- Company type
- Private
- Founded year
- 1994
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Caretech Group industry classification
Industry- Product category
- Healthcare Procurement Services
- NAICS
- Management Consulting Services (54161), Other Management Consulting Services (541618)
- SIC
- Services-Management Consulting Services (8742), Services-Help Supply Services (7363)
- akta.pro primary industry
- Hospital Shared Services, GPOs & System Support Organizations (HLAFAAAO)
Keywords
Where Caretech Group is headquartered
LocationHeadquarters
- HQ city
- Brooklyn
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Caretech Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Procurement Advisory Services: Outsourced procurement advisory fees for long-term care facilities. Services include expense management, budget management, vendor management, and purchasing optimization. Revenue derived from consulting and procurement services rather than product markups.
- GPO/Member Services: Group purchasing organization model providing collective buying strength. Member facilities access comprehensive product offerings from gauze and sanitary paper to ventilators and diabetic equipment at negotiated prices.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Caretech Group product offering
Product offeringCore offering
Caretech Group provides outsourced healthcare procurement advisory services for long-term care facilities, covering expense management, budget control, vendor due diligence, and customized lockdown formularies across categories such as environmental, food, medical, office, and wound care supplies. Member facilities access collective buying power through strategic supplier partnerships, supported by the proprietary Caretrak™ analytics and reporting software that gives administrators visibility into facility-wide and departmental spending.
Differentiator
Problem solved
Functional benefit
Brands
- SafeLinQ: A product/service brand mentioned on the Caretech website navigation.
- CareTrak
- AdvoQates
Products and services
- Caretrak™ System Software Advanced web-based, interactive analytics and reporting platform with no user limit that gives long-term care facility administrators and purchasing directors instant visibility into spending across the entire facility and by individual department, supporting budget reconciliation and better purchasing decisions.
- Procurement Advisory Services (Environmental, Food, Medical, Office, Wound Care) Outsourced procurement advisory covering disposable and operational supplies across environmental services (cleaning chemicals, soaps, linens), food services (dietary, menu review, invoice analysis, customized ordering), medical supplies (disposable nursing, OTC, incontinence, medical devices), office supplies, and wound care (prevention, telehealth assessment, nutritional supplements, negative pressure pumps). Includes customized lockdown formularies, vendor due diligence, and budget-aligned procurement for long-term care facilities.
- SafeLinQ (Premium Auditing Services) Caretech's branded premium auditing service offering for long-term care facilities, delivered with insurance premium audit representation partner AdvoQates to help clients avoid unnecessary insurance premiums. Positioned as a healthcare facility management solution on the Caretech website navigation.
Quantifiable outcome
- Eliminate immediate waste and implement long-term savings strategies
- +2 more outcomes
Companies that use Caretech Group
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles1 record
Caretech Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Caretech Group partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and minor.
- SyscocoreMajor food service distributor partner providing food products to Caretech member facilities through collective buying arrangements.
- Henry ScheincoreLeading medical supplies distributor partner providing medical equipment and supplies to Caretech member facilities.
- US FoodscoreFoodservice distributor partner supplying food products to Caretech member facilities through negotiated pricing.
- MedlinecoreMedical supplies manufacturer and distributor partner providing medical essentials to Caretech member facilities.
- McKessoncoreHealthcare services and IT provider partner supplying medical products and equipment to Caretech member facilities.
- AdvoQatesminorInsurance premium audit representation partner offering specialized auditing services to Caretech clients to avoid paying unnecessary insurance premiums.
- Prime Source GPOcoreSister company and GPO partner providing access to ancillary opportunities including reduced costs on deliveries, ordering, printing, and advanced software package discounts.
Scale indicators6 records
Recent moves5 records
Expansion highlights4 records
Caretech Group competitors and assessment
Company assessmentBroad incumbents
- Cardinal Health: Diversified healthcare distributor and services provider with medical supply, GPO, and at-home solutions; overlaps with Caretech's procurement advisory for non-acute and post-acute settings.
- McKesson: Largest U.S. pharmaceutical and medical-surgical distributor that is also one of Caretech's strategic supplier partners; competes at the high end with bundled distribution plus procurement services.
- Medline Industries: Largest privately held medical supplies manufacturer and distributor with significant long-term care exposure; a Caretech partner but also a potential disintermediator if it offers direct procurement services to LTC operators.
Emerging players
- Symplr: Healthcare operations SaaS vendor with spend-management and supplier management modules that increasingly overlap with Caretrak's analytics and contract oversight capabilities.
- Syft (a Definitive Healthcare company): Healthcare supply-chain analytics platform providing real-time spend visibility and automation — directly comparable to Caretrak's reporting functionality and a more modern, cloud-native competitor.
Direct peers
- Capstone Health Alliance: Regional GPO serving hospitals, surgery centers, and non-acute providers with collective buying power and custom contracting — same model as Caretech at a multi-state cooperative scale.
- Intalere: GPO and supply-chain services provider to acute and non-acute facilities, now part of Vizient. Closely comparable in business model to Caretech, with similar analytics-led procurement positioning.
- Vizient: Major healthcare performance improvement and GPO company providing supply-chain analytics, procurement advisory, and contracting services — overlapping directly with Caretrak-style analytics and GPO services.
- HealthTrust (HCA): Group purchasing organization serving hospitals and non-acute facilities, including long-term care. Direct competitor in collective buying power and procurement advisory.
- Premier Inc. Large U.S. healthcare GPO serving hospitals, health systems, and increasingly long-term care. Competes directly with Caretech's GPO and supply-chain analytics offering, though at much larger scale.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Caretech Group social profiles
Digital presenceCaretech Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Caretech Group leadership team
Management profileNumber of profiles
Profiles1 record
Caretech Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Caretech Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Caretech Group
What does Caretech Group do?
Caretech Group provides outsourced healthcare procurement advisory services for long-term care facilities, covering expense management, budget control, vendor due diligence, and customized lockdown formularies across categories such as environmental, food, medical, office, and wound care supplies. Member facilities access collective buying power through strategic supplier partnerships, supported by the proprietary Caretrak™ analytics and reporting software that gives administrators visibility into facility-wide and departmental spending.
Is Caretech Group a public or private company?
Caretech Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Caretech Group founded?
Caretech Group was founded in 1994. It employs 11 to 50 people.
Where is Caretech Group based?
Caretech Group is headquartered in Brooklyn, United States, in the North America region.
How does Caretech Group make money?
Two revenue lines are on record. Procurement Advisory Services are the primary driver. The others are GPO/Member Services.
Who are Caretech Group's main competitors?
Broad incumbents on record are Cardinal Health, McKesson and Medline Industries. Emerging players are Symplr and Syft (a Definitive Healthcare company). Direct peers are Capstone Health Alliance, Intalere, Vizient, HealthTrust (HCA) and Premier Inc..
Does Caretech Group have an API?
No public API is recorded for Caretech Group.
What industry is Caretech Group in?
Caretech Group's product category is Healthcare Procurement Services. Its primary akta.pro industry code is HLAFAAAO, Hospital Shared Services, GPOs & System Support Organizations. Its NAICS code is 54161 and its SIC code is 8742.